Common use of Maximum Annual Benefit Clause in Contracts

Maximum Annual Benefit. During the Term, the maximum annual benefit provided by the Company on behalf of Executive for his personal expenses (including those benefits enumerated in paragraphs B, C, D and E of this Section 4) shall be limited to fifty thousand dollars ($50,000) in value. If the value of the benefits provided in any one year exceeds $50,000, Executive will promptly reimburse the Company for such excess. The benefits provided under paragraphs B, C, D and E hereof, and any other benefits provided to Executive, shall be valued based on the methodology used to value such benefits for securities law reporting purposes.

Maximum Annual Benefit. During the Term, the The maximum annual benefit provided by the Company M&I on behalf of Executive for his personal expenses (including those benefits enumerated in paragraphs B, C, D D, E and E F of this Section 46) shall be limited to fifty thousand dollars One Hundred Thousand Dollars ($50,000100,000) in value. If the value of the benefits provided in any one year exceeds $50,000100,000, Executive will promptly reimburse the Company M&I for such excess. The benefits provided under paragraphs B, C, D D, E and E F hereof, and any other benefits provided to Executive, shall be valued based on the methodology used to value such these or similar benefits for securities law reporting purposespurposes at such time.