Free Vehicle Lease Agreement Template - Free Download
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Free Vehicle Lease Agreement Template
Free Vehicle Lease Agreement Template
Motor Vehicle Agreement Page 1 of 4
Copyright Curtin University Of Technology April 2001 V1.2 Employees Initials_______
MOTOR
VEHICLE
AGREEMENT
THIS AGREEMENT is made on:
___________________________________________
BETWEEN:
(the “University”) of the first part
CURTIN UNIVERSITY Of TECHNOLOGY
AND
________________________________
(the “Employee”) of the second part
WHEREAS:
A. The University and the Employee have entered into an
Offer To Salary Package (the “Agreement”) under
which the University may from time to time, at its
absolute discretion, offer to provide the Employee with
Fringe Benefits which may result in the Employee’s
Salary being reduced.
B. In terms of the Agreement, the University may offer to
provide the Employee with a Vehicle in accordance
with the Motor Vehicle Plan outlined in the Salary
Packaging Guide.
C. In the event the Employee is provided with a Vehicle
under the Salary Packaging Guide Motor Vehicle Plan,
the Employee agrees to take the Vehicle on the terms
and conditions contained herein.
WHEREBY THE PARTIES AGREE AS FOLLOWS:
1 APPLICATION OF CONDITIONS
These terms and conditions form part of this
Agreement and in the event of any inconsistencies
between the terms and conditions of this agreement and
the terms and conditions of the Offer To Salary
Package, the latter shall prevail.
2 CONSTRUCTION
2.1 Definitions
In this Motor Vehicle Agreement and in the Offer To
Salary Package unless the context otherwise requires:
Commencement Date” means the date specified in
the Motor Vehicle Schedule that the University has
arranged with a Vehicle Supplier to provide a vehicle
to the Employee or such other date as specified.
Expiry Date” means the date that the University's
obligations under any agreement or arrangement with
the Vehicle Supplier or otherwise cease.
Salary Packaging Guide” means the Salary Packaging
Guide booklet as varied from time to time, and includes any
policy statements that may be issued from time to time.
Fringe Benefits” means any non cash benefit and cash
payment (other than Salary) made or expected to be made for
the benefit of the employee and any cash payment made or
expected to be made to the Employee by way of
reimbursement of expenses incurred or expected to be
incurred by the Employee.
Motor Vehicle Plan” means the Motor Vehicle Plan as set
out in the Salary Packaging Guide or as varied from time to
time, and includes other collateral agreements and
application forms signed by the Employee that are incidental
to the provision of Motor Vehicle Benefits.
“Package” means Remuneration by way of Salary and
Fringe Benefits that an employee has negotiated with the
University as part of the Employees Remuneration.
Where the Employee is remunerated by reference to more
than one Salary classification, the Package is determined by
reference to the pro-rated aggregate of the salaries assigned
to those Salary classifications.
Financial Consultant and Consultant” means a firm or
individual that has been accredited by the University to
provide the Packaging Services as set out in the Salary
Packaging Guide.
Salary” means remuneration by way of regular periodical
cash payments subject to PAYG tax.
Salary Sacrifice” means that part of the Salary set aside to
cover the payment of Fringe Benefits and includes liability
for Fringe Benefits Tax, Goods and Services Tax, if any, and
all costs and charges arising from the provision of Fringe
Benefits.
Term” means the period commencing on the
Commencement Date and ending on the Expiry Date or such
earlier date as is provided for in Clause 9.
Vehicle” means the motor vehicle provided to the Employee
under the Salary Packaging Guide Motor Vehicle Plan.
Vehicle Supplier” means the person or entity specified in
the Motor Vehicle Schedule.
“Salary Packaging Schedule” means:
a) The Salary Packaging Schedule issued by the University
setting out the Salary and Fringe Benefits to be provided
to the Employee and the date from which the
Employee’s entitlement to receive such Salary and
Fringe Benefits begins, and includes any new Salary
Packaging Schedule that may be issued from time to
time varying the Employee’s remuneration; and
b) includes any Motor Vehicle Agreement and other
collateral agreements and other documentation signed
by the Employee which are incidental to the provision of
Salary and Fringe Benefits.
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source: hr.curtin.edu.au
Free Vehicle Lease Agreement Template
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