Common use of Business Expense Clause in Contracts

Business Expense. The Board Director shall be reimbursed for all ordinary and necessary business expenses incurred by the Board Director in connection with his agreement upon timely submission to the Company of receipts and other documentation as required by the Internal Revenue Code of 1986, as amended, and in conformance with the Company’s normal expense reimbursement policies and procedures. Board Director shall be entitled to reimbursement at first class commercial airline rate for transcontinental travel.

Business Expense. The Board Director shall be reimbursed for all ordinary and necessary business expenses incurred by the Board Director in connection with his her agreement upon timely submission to the Company of receipts and other documentation as required by the Internal Revenue Code of 1986, as amended, and in conformance with the Company’s normal expense reimbursement policies and procedures. Board Director shall be entitled to reimbursement at first class commercial airline rate for transcontinental travel.and