Calabasas

City Council

May 07, 2025 Closed Session Item #4

Agenda Item 4

4. AMENDED FELLOW EMPLOYEE EXCLUSION obligation for any difference between the actual\ncash value of the " auto" at the time of the " loss"\nEXCLUSION 5. - FELLOW EMPLOYEE - of\nand the " outstanding balance" of the loan/\nlease.\nSECTION 11 - LIABILITY COVERAGE does not\napply if you have workers' compensation Outstanding balance" means the amount you\ninsurance in -force covering all of your owe on the lease at the time\nloan/ of " loss" Tess\nemployees". any amounts representing taxes; overdue\nis other collectible payments; penalties, interest or charges resulting\nCoverage excess over any\ninsurance.\nfrom overdue payments; additional mileage\ncharges; excess wear and tear charges; lease