8. Company Car
You are entitled to a leased company car according to the conditions valid for Philips Executives.
In principle, a personal contribution is not required if the monthly lease price does not exceed
the standard lease price of EUR 2,600 excl. VAT at the moment of ordering of the lease car.
In case the monthly lease price exceeds the standard lease price of EUR 2,600, a personal
contribution for the private use of the car has to be paid. You are not entitled to conclude a new
lease agreement before the expiration date of the present lease agreement