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Form #1576

MEMORANDUM OF EMPLOYEE AUTOMOBILE EXPENSE ALLOWANCE

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Memorandum of employee auto expense allowance form.

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MEMORANDUM OF EMPLOYEE AUTOMOBILE EXPENSE ALLOWANCE

WHEREAS, The employee whose signature appears below agrees to furnish his own
automobile to perform his duties hereunder and shall keep it maintained and repaired in good
driving condition; and

WHEREAS, for the employee's benefit, the employee shall maintain insurance on the
automobile in at least the following amounts: Bodily injury liability, __________(1)________
Dollars ($_______________) for each person injured, ____________(2)______________
Dollars ($________________) for each occurrence; property damage liability _____(3)_____
Dollars ($________________) for each accident; _________(4)____________ Dollars
($___________) deductible comprehensive coverage, _____________________(5)
_______________ Dollars ($_________________); ________(6)__________ Dollars
($________________) deductible collision coverage at fair market value; and

WHEREAS, a certification of the employee's insurance showing those coverage�s will be
filed by the employee with the company; and

WHEREAS, all of the requirements of this section shall be complied with at the
employee's cost.

NOW THEREFORE, In consideration of the above, the company shall pay the employee
_____________(7)__________ Dollars ($_______________) per week for the use of his
automobile during the period from ___________(8)___________, _____(9)_____, to ________
(10)__________, ______(11)______. Those payments shall be charged to the employee's
account as an automobile allowance. The payments shall be made weekly, but neither the
payments nor this agreement shall make the company the owner, bail or lessee of
said automobile, nor shall the company be responsible for any damage to the automobile.

___________(12)________________
Employer

___________(13)________________
Employee



 
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Total Forms Contributed 6
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Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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Keywords: EMPLOYEE AUTOMOBILE EXPENSE ALLOWANCE

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