Common use of In-Kind Benefits and Reimbursements Clause in Contracts

In-Kind Benefits and Reimbursements. Notwithstanding anything to the contrary in this Agreement, all (A) reimbursements and (B) in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A of the Code, including, where applicable, the requirement that (w) any reimbursement is for expenses incurred during the Executive’s lifetime (or during a shorter period of time specified in this Agreement); (x) the amount of expenses eligible for reimbursement, or in kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in kind benefits to be provided, in any other calendar year; (y) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (z) the right to reimbursement or in kind benefits is not subject to liquidation or exchange for another benefit.

Appears in 14 contracts

Samples: Employment Agreement (Cadence Bancorporation), Employment Agreement (Cadence Bancorporation), Employment Agreement (Cadence Bancorporation)

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In-Kind Benefits and Reimbursements. Notwithstanding anything any other provision of this Agreement to the contrary in this Agreementcontrary, all (A1) reimbursements and (B2) in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A of the Code, including, where applicable, the requirement that (wa) any reimbursement is for expenses incurred during the ExecutiveEmployee’s lifetime (or during a shorter period of time specified in this Agreement); (xb) the amount of expenses eligible for reimbursement, or in in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in in-kind benefits to be provided, in any other calendar year; (yc) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (zd) the right to reimbursement or in in-kind benefits is not subject to liquidation or exchange for another benefit.

Appears in 6 contracts

Samples: Employment And (First Financial Bancorp /Oh/), Employment And (First Financial Bancorp /Oh/), Employment And (First Financial Bancorp /Oh/)

In-Kind Benefits and Reimbursements. Notwithstanding anything to the contrary in this Agreement, all (A) reimbursements and (B) in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section section 409A of the Code, Code including, where applicable, the requirement that (wi) any reimbursement is for expenses incurred during the Executive’s lifetime (or during a shorter period of time specified in this Agreement); (xii) the amount of expenses eligible for reimbursement, or in in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in in-kind benefits to be provided, in any other calendar year; (yiii) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (ziv) the right to reimbursement or in in-kind benefits is not subject to liquidation or exchange for another benefit.

Appears in 5 contracts

Samples: Separation Agreement and General Release (Citizens & Northern Corp), Separation Agreement and General Release (Citizens & Northern Corp), Separation Agreement and General Release (Citizens & Northern Corp)

In-Kind Benefits and Reimbursements. Notwithstanding anything to the contrary in this Agreement, all (A) reimbursements and (B) in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section section 409A of the Code, including, Code including where applicable, the requirement that that: (wi) any reimbursement is for expenses incurred during the Executive’s 's lifetime (or during a shorter period of time specified in this Agreement); (xii) the amount of expenses eligible for reimbursement, or in in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in in-kind benefits to be provided, in any other calendar year; (yiii) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (ziv) the right to reimbursement or in in-kind benefits is not subject to liquidation or exchange for another benefit.

Appears in 3 contracts

Samples: Change of Control Agreement (Codorus Valley Bancorp Inc), Change of Control Agreement (Codorus Valley Bancorp Inc), Change of Control Agreement (Codorus Valley Bancorp Inc)

In-Kind Benefits and Reimbursements. Notwithstanding anything to the contrary in this Agreement, all (A) reimbursements and (B) in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section section 409A of the Code, Code including, where applicable, the requirement that (wi) any reimbursement is for expenses incurred during the ExecutiveEmployee’s lifetime (or during a shorter period of time specified in this Agreement); (xii) the amount of expenses eligible for reimbursement, or in in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in in-kind benefits to be provided, in any other calendar year; (yiii) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (ziv) the right to reimbursement or in in-kind benefits is not subject to liquidation or exchange for another benefit.

Appears in 3 contracts

Samples: Change in Control Agreement (Citizens & Northern Corp), Change in Control Agreement (Citizens & Northern Corp), Change in Control Agreement (Citizens & Northern Corp)

In-Kind Benefits and Reimbursements. Notwithstanding anything to the contrary in this Agreement, all (A) reimbursements and (B) in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A of the Code, Code including, where applicable, the requirement that (wA) any reimbursement is for expenses incurred during the Executive’s lifetime (or during a shorter period of time specified in this Agreement); (xB) the amount of expenses eligible for reimbursement, or in in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in in-kind benefits to be provided, in any other calendar year; (yC) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (zD) the right to reimbursement or in in-kind benefits is not subject to liquidation or exchange for another benefit.

Appears in 3 contracts

Samples: Executive Employment Agreement (Orrstown Financial Services Inc), Executive Employment Agreement (Orrstown Financial Services Inc), Executive Employment Agreement (Orrstown Financial Services Inc)

In-Kind Benefits and Reimbursements. Notwithstanding anything any other provision of this Agreement to the contrary in this Agreementcontrary, all (A1) reimbursements and (B2) in-kind in‑kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A of the Code409A, including, where applicable, the requirement that (wa) any reimbursement is for expenses incurred during the Executive’s lifetime (or during a shorter period of time specified in this Agreement); (xb) the amount of expenses eligible for reimbursement, or in in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in in-kind benefits to be provided, in any other calendar year; (yc) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (zd) the right to reimbursement or in in-kind benefits is not subject to liquidation or exchange for another benefit.

Appears in 2 contracts

Samples: Severance and Change in Control Agreement (First Financial Bancorp /Oh/), Severance and Change in Control Agreement (First Financial Bancorp /Oh/)

In-Kind Benefits and Reimbursements. Notwithstanding anything to the contrary in this Agreement, all (A) reimbursements and (B) in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A of the Code, including, where applicable, the requirement that (wA) any reimbursement is for expenses incurred during the Executive’s lifetime (or during a shorter period of time specified in this Agreement); (xB) the amount of expenses eligible for reimbursement, or in kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in kind benefits to be provided, in any other calendar year; (yC) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (zD) the right to reimbursement or in kind benefits is not subject to liquidation or exchange for another benefit.

Appears in 2 contracts

Samples: Employment Agreement (Huntington Bancshares Inc/Md), Executive Agreement (Huntington Bancshares Inc/Md)

In-Kind Benefits and Reimbursements. Notwithstanding anything to the contrary in this Agreement, all (A) reimbursements and (B) in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section section 409A of the Code, including, Code including where applicable, the requirement that that: (wi) any reimbursement is for expenses incurred during the Executive’s lifetime (or during a shorter period of time specified in this Agreement); (xii) the amount of expenses eligible for reimbursement, or in in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in in-kind benefits to be provided, in any other calendar year; (yiii) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (ziv) the right to reimbursement or in in-kind benefits is not subject to liquidation or exchange for another benefit.

Appears in 2 contracts

Samples: Change of Control Agreement (Codorus Valley Bancorp Inc), Change of Control Agreement (Codorus Valley Bancorp Inc)

In-Kind Benefits and Reimbursements. Notwithstanding anything to the contrary in this Agreement, all (A) reimbursements and (B) in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section section 409A of the Code, Code including, where applicable, the requirement that (wi) any reimbursement is for expenses incurred during the Executive’s Employee's lifetime (or during a shorter period of time specified in this Agreement); (xii) the amount of expenses eligible for reimbursement, or in in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in in-kind benefits to be provided, in any other calendar year; (yiii) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (ziv) the right to reimbursement or in in-kind benefits is not subject to liquidation or exchange for another benefit.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Juniata Valley Financial Corp), Employment Agreement (Citizens & Northern Corp)

In-Kind Benefits and Reimbursements. Notwithstanding anything any other provision of this Agreement to the contrary in this Agreementcontrary, all (A1) reimbursements and (B2) in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A of the Code, including, where applicable, the requirement that (wa) any reimbursement is for expenses incurred during the Executive’s Employee's lifetime (or during a shorter period of time specified in this Agreement); (xb) the amount of expenses eligible for reimbursement, or in in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in in-kind benefits to be provided, in any other calendar year; (yc) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (zd) the right to reimbursement or in in-kind benefits is not subject to liquidation or exchange for another benefit.

Appears in 1 contract

Samples: Employment And (First Financial Bancorp /Oh/)

In-Kind Benefits and Reimbursements. Notwithstanding anything to the contrary in this Agreement, all (A) reimbursements and (B) in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section section 409A of the Code, Code including, where applicable, the requirement that (wi) any reimbursement is for expenses incurred during the Executive’s lifetime (or during a shorter period of time specified in this Agreement); (xii) the amount of expenses eligible for reimbursement, or in in- kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in in-kind benefits to be provided, in any other calendar year; (yiii) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (ziv) the right to reimbursement or in in-kind benefits is not subject to liquidation or exchange for another benefit.. ​

Appears in 1 contract

Samples: Employment Agreement (Citizens & Northern Corp)

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In-Kind Benefits and Reimbursements. Notwithstanding anything to the contrary in this Agreement, all (A) reimbursements and (B) in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A of the Code, including, where applicable, the requirement that (w) any reimbursement is for expenses incurred during the Executive’s lifetime (or during a shorter period of time specified in this Agreement); (x) the amount of expenses eligible for reimbursement, or in in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in in-kind benefits to be provided, in any other calendar year; (y) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (z) the right to reimbursement or in in-kind benefits is not subject to liquidation or exchange for another benefit.

Appears in 1 contract

Samples: Employment Agreement (Analogic Corp)

In-Kind Benefits and Reimbursements. Notwithstanding anything any other provision of this Agreement to the contrary in this Agreementcontrary, all (A1) reimbursements and (B2) in-kind in‑kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A of the Code, including, where applicable, the requirement that (wa) any reimbursement is for expenses incurred during the ExecutiveEmployee’s lifetime (or during a shorter period of time specified in this Agreement); (xb) the amount of expenses eligible for reimbursement, or in in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in in-kind benefits to be provided, in any other calendar year; (yc) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (zd) the right to reimbursement or in in-kind benefits is not subject to liquidation or exchange for another benefit.

Appears in 1 contract

Samples: Employment And (First Financial Bancorp /Oh/)

In-Kind Benefits and Reimbursements. Notwithstanding anything to the contrary in this Agreement, all (A) reimbursements and (B) in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A of the Code, including, where applicable, the requirement that (wi) any reimbursement is for expenses incurred during the Executive’s lifetime (or during a shorter period of time specified in this Agreement); (xii) the amount of expenses eligible for reimbursement, or in kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in kind benefits to be provided, in any other calendar year; (yiii) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (ziv) the right to reimbursement or in kind benefits is not subject to liquidation or exchange for another benefit.

Appears in 1 contract

Samples: Employment Agreement (Ticketmaster Entertainment, Inc.)

In-Kind Benefits and Reimbursements. Notwithstanding anything to the Despite any contrary in provision of this Agreement, all (A) reimbursements and (B) in-kind benefits provided under this Agreement shall will be made or provided in accordance with the requirements of Code Section 409A of the Code409A, including, where applicable, the requirement that (w) any reimbursement is for expenses incurred during the Executive’s Xx. Xxxxxx’x lifetime (or during a shorter period of time specified in this Agreement); (x) the amount of expenses eligible for reimbursement, or in kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in kind benefits to be provided, in any other calendar year; (y) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (z) the right to reimbursement or in kind benefits is not subject to liquidation or exchange for another benefit.

Appears in 1 contract

Samples: Separation Agreement (Analogic Corp)

In-Kind Benefits and Reimbursements. Notwithstanding anything to the contrary in this Agreement, all (A) reimbursements and (B) in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section section 409A of the Code, Code including, where applicable, the requirement that (wi) any reimbursement is for expenses incurred during the Executive’s lifetime (or during a shorter period of time specified in this Agreement); (xii) the amount of expenses eligible for reimbursement, or in in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in in-kind benefits to be provided, in any other calendar year; (yiii) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (ziv) the right to reimbursement or in in-kind benefits is not subject to liquidation or exchange for another benefit.. ​ ​ ​

Appears in 1 contract

Samples: Separation Agreement and General Release (Citizens & Northern Corp)

In-Kind Benefits and Reimbursements. Notwithstanding anything to the Despite any contrary in provision of this Agreement, all (A) reimbursements and (B) in-kind benefits provided under this Agreement shall will be made or provided in accordance with the requirements of Code Section 409A of the Code409A, including, where applicable, the requirement that (w) any reimbursement is for expenses incurred during the Executive’s Xx. Xxxxxxxxx’x lifetime (or during a shorter period of time specified in this Agreement); (x) the amount of expenses eligible for reimbursement, or in kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in kind benefits to be provided, in any other calendar year; (y) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (z) the right to reimbursement or in kind benefits is not subject to liquidation or exchange for another benefit.

Appears in 1 contract

Samples: Separation Agreement (Analogic Corp)

In-Kind Benefits and Reimbursements. Notwithstanding anything any other provision of this Agreement to the contrary in this Agreementcontrary, all (A1) reimbursements and (B2) in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A of the Code, including, where applicable, the requirement that (wa) any reimbursement is for expenses incurred during the Executive’s lifetime (or during a shorter period of time specified in this Agreement); (xb) the amount of expenses eligible for reimbursement, or in in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in in-kind benefits to be provided, in any other calendar year; (yc) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (zd) the right to reimbursement or in in-kind benefits is not subject to liquidation or exchange for another benefit.

Appears in 1 contract

Samples: Severance and Change in Control Agreement (First Financial Bancorp /Oh/)

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