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Policy Statement for Vehicles not Used for Personal Purposes

Policy Statement for use of Vehicles of Madison, LLC

Madison, LLC. (the Company) owns and/or leases various vehicles for use in its trade or business. Employees are allowed to use these vehicles only in connection with the Company's trade or business.

When not being used in the Company's trade or business, all vehicles subject to this policy statement must be kept on the business premises of the Company. Exceptions are allowed only for maintenance, mechnical problems, and other unavoidable circumstances.

No employee is permitted to use an auto owned or leased by the Company for personal purposes except for de minimis use.

Commuting to and from work in a Company vehicle is expressly prohibited.

This policy statement shall not apply to any employee who lives on the business premises of the Company. Such employee may use a Company vehicle only if he or she keeps a detailed log of all business use.

I acknowledge receipt of this policy statement and have read, understand and will abide by the contents.

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Signature

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Name (printed or typed)

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Copyright 1999 by A/N Group, Inc. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is distributed with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional should be sought. The information is not necessarily a complete summary of all materials on the subject.--ISSN 1089-1536


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--Last update 11/17/99