Business Expenses Contract Clauses (664)

Business Expenses. During the Term or any Renewal Term, reasonable and documented business expenses incurred by the Employee in the performance of his duties hereunder shall be reimbursed by the Company in accordance with Company policies. Expenses in excess of $2,000 individually or $5,000 in the aggregate in any given month shall have the prior written approval of the Chairman. These amounts are subject to periodic review and mutually agreed upon revision between Employee and the Chairman.

Business Expenses. The Company shall promptly reimburse Consultant for all pre-approved and reasonable out-of-pocket business expenses incurred in fulfilling Consultant's duties hereunder, in accordance with the general policy of the Company in effect from time to time, provided that Consultant furnishes to the Company adequate records and other documentary evidence required by all federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of each such business e...xpense as a deduction on the federal or state income tax returns of the Company. View More

Business Expenses. Executive will be reimbursed for all reasonable, out-of-pocket business expenses incurred in the performance of Executive's duties on behalf of Company. To obtain reimbursement, expenses must be submitted promptly with appropriate supporting documentation and will be reimbursed in accordance with Company's policies. Any reimbursement Executive is entitled to receive shall (a) be paid no later than the last day of Executive's tax year following the tax year in which the expense was incurred, (b) ...not be affected by any other expenses that are eligible for reimbursement in any tax year and (c) not be subject to liquidation or exchange for another benefit. View More