Common use of Business Expenses; Memberships Clause in Contracts

Business Expenses; Memberships. Employer shall reimburse Employee for: (a) reasonable business (including travel) expenses, including but not limited to cell phone expenses, incurred by Employee in the performance of Employee’s duties, as approved from time to time by the Board; and (b) the dues and business related expenditures associated with membership in professional associations which are commensurate with Employee’s position, as approved from time to time by the Board; provided, however, that Employee must, as a condition of reimbursement, submit verification of the nature and amount of such expenses in accordance with reimbursement policies from time to time adopted by Employer and in sufficient detail to comply with rules and regulations promulgated by the Internal Revenue Service.

Appears in 2 contracts

Samples: Executive Employment Agreement (Carroll Bancorp, Inc.), Executive Employment Agreement (Carroll Bancorp, Inc.)

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Business Expenses; Memberships. Employer shall reimburse Employee for: (a) reasonable business (including travel) expenses, including but not limited to cell phone expenses, incurred by Employee in the performance of Employee’s 's duties, as approved from time to time by the Board; and (b) the dues and business related expenditures associated with membership in professional associations which are commensurate with Employee’s 's position, as approved from time to time by the Board; provided, however, that Employee must, as a condition of reimbursement, submit verification of the nature and amount of such expenses in accordance with reimbursement policies from time to time adopted by Employer and in sufficient detail to comply with rules and regulations promulgated by the Internal Revenue Service.

Appears in 2 contracts

Samples: Executive Employment Agreement (Midstate Bancorp, Inc.), Executive Employment Agreement (Midstate Bancorp, Inc.)

Business Expenses; Memberships. During the Term, Employer shall reimburse Employee for: (a) reasonable business (including travel) expenses, including but not limited to cell phone expenses, incurred by Employee in the performance of Employee’s 's duties, as approved from time to time by the Board; and (b) the dues and business related expenditures associated with membership in professional associations which are commensurate with Employee’s 's position, as approved from time to time by the Board; provided, however, that Employee must, as a condition of reimbursement, submit verification of the nature and amount of such expenses in accordance with reimbursement policies from time to time adopted by Employer and in sufficient detail to comply with rules and regulations promulgated by the Internal Revenue Service.

Appears in 1 contract

Samples: Executive Employment Agreement (Midstate Bancorp, Inc.)

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Business Expenses; Memberships. Employer shall reimburse Employee for: (a) reasonable business (including travel) expenses, including but not limited to cell phone expenses, incurred by Employee in the performance of Employee’s dutiesduties , as approved from time to time by the Board; and (b) the dues and business related expenditures associated with membership in professional associations which are commensurate with Employee’s position, as approved from time to time by the Board; provided, however, that Employee must, as a condition of reimbursement, submit verification of the nature and amount of such expenses in accordance with reimbursement policies from time to time adopted by Employer and in sufficient detail to comply with rules and regulations promulgated by the Internal Revenue Service.

Appears in 1 contract

Samples: Employment Agreement (Carroll Bancorp, Inc.)

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