Common use of Expense Account Clause in Contracts

Expense Account. (a) The Bank shall reimburse Employee for reasonable and customary business expenses incurred in the conduct of the Bank’s business. Such expenses will include business meals, out-of-town lodging and travel expenses, and membership dues and costs to attend meetings and conventions of business-appropriate organizations and associations. Employee agrees to timely submit records and receipts of reimbursable items and agrees that the Bank can adopt reasonable rules and policies regarding such reimbursement. The Bank agrees to make prompt payment to Employee following receipt and verification of such reports.

Appears in 8 contracts

Samples: Employment Agreement (Alliance Bankshares Corp), Employment Agreement (Alliance Bankshares Corp), Employment Agreement (Alliance Bankshares Corp)

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Expense Account. (a) The Bank shall reimburse Employee for reasonable and customary business expenses incurred in the conduct of the Bank’s business. Such expenses will include business meals, out-of-town lodging and travel expenses, and membership dues and costs to attend meetings and conventions of business-appropriate organizations and associations. Employee agrees to timely submit records and receipts of reimbursable items and agrees that the Bank can adopt reasonable rules and policies regarding such reimbursement. The Bank agrees to make prompt payment to Employee following receipt and verification of such reports.

Appears in 3 contracts

Samples: Employment Agreement (Alliance Bankshares Corp), Employment Agreement (Alliance Bankshares Corp), Employment Agreement (Alliance Bankshares Corp)

Expense Account. (a) The Bank shall reimburse Employee for reasonable and customary business expenses incurred in the conduct of the Bank’s businessbusiness incurred during the term of this Agreement. Such expenses will include business meals, out-of-town lodging and travel expenses, and membership dues and costs to attend meetings and conventions of business-appropriate organizations and associations. Employee agrees to timely submit records and receipts of reimbursable items and agrees that the Bank can adopt reasonable rules and policies regarding such reimbursement. The Bank agrees to make prompt payment to Employee following receipt and verification of such reports.

Appears in 1 contract

Samples: Employment Agreement (Cordia Bancorp Inc)

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Expense Account. (a) The Bank shall reimburse Employee for reasonable and customary business expenses incurred in the conduct of the Bank’s business. Such expenses will include business meals, out-of-town lodging and travel expenses, and membership dues and costs to attend meetings and conventions of business-appropriate organizations and associations. Employee agrees to timely submit records and receipts of reimbursable items and agrees that the Bank can adopt reasonable rules and policies regarding such reimbursement. The Bank agrees to make prompt payment to Employee following receipt and verification of such reports.

Appears in 1 contract

Samples: Employment Agreement (First National Corp /Va/)

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