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

In-Kind Benefits and Reimbursements. Notwithstanding anything to the contrary in this Agreement, in-kind benefits and reimbursements provided under this Agreement during any tax year of Employee shall not affect in-kind benefits or reimbursements to be provided in any other tax year of Employee and are not subject to liquidation or exchange for another benefit. Notwithstanding anything to the contrary in this Agreement, reimbursement requests must be timely submitted by Employee and, if timely submitted, reimbursement payments shall be made to Employee as soon as administratively practicable following such submission, but in no event later than the last day of Employee’s taxable year following the taxable year in which the expense was incurred. In no event shall Employee be entitled to any reimbursement payments after the last day of Employee’s taxable year following the taxable year in which the expense was incurred. This paragraph shall only apply to in-kind benefits and reimbursements that would result in taxable compensation income to Employee.

Appears in 6 contracts

Samples: Employment Agreement (Matador Resources Co), Employment Agreement (Matador Resources Co), Employment Agreement (Matador Resources Co)

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In-Kind Benefits and Reimbursements. Notwithstanding anything to the contrary in this Agreement, inIn-kind benefits and reimbursements provided under this Agreement during any tax year of Employee the Executive shall not affect in-kind benefits or reimbursements to be provided in any other tax year of Employee the Executive, provided, however that the foregoing shall not apply to any applicable limits on amounts that may be reimbursed for medical expenses referred to in Section 105(b) of the Code and are not subject to liquidation or exchange for another benefit. Notwithstanding anything to the contrary in any other provision of this Agreement, reimbursement requests must be timely submitted by Employee the Executive and, if timely submitted, reimbursement payments shall reimbursements must be made to Employee as soon as administratively practicable following such submission, but in no event later than on or before the last day of Employeethe Executive’s taxable year following the taxable year in which the expense was incurred. In no event shall the Employee be entitled to any reimbursement payments after the last day of Employee’s taxable year following the taxable year in which the expense was incurred. This paragraph shall only apply to in-kind benefits and reimbursements that would result in taxable compensation income to the Employee.

Appears in 5 contracts

Samples: Executive Severance and Change in Control Agreement (USA Mobility, Inc), Amended And (USA Mobility, Inc), Employment Agreement (USA Mobility, Inc)

In-Kind Benefits and Reimbursements. Notwithstanding anything any thing to the contrary in this Agreement, in-kind benefits and reimbursements provided under this Agreement during any tax year of the Employee shall not affect in-kind benefits or reimbursements to be provided in any other tax year of the Employee and are not subject to liquidation or exchange for another benefit. Notwithstanding anything any thing to the contrary in this Agreement, reimbursement requests must be timely submitted by Employee and, if timely submitted, reimbursement payments shall be made to the Employee as soon as administratively practicable following such submission, but in no event later than the last day of Employee’s taxable year following the taxable year in which the expense was incurred. In no event shall the Employee be entitled to any reimbursement payments after the last day of Employee’s taxable year following the taxable year in which the expense was incurred. This paragraph shall only apply to in-kind benefits and reimbursements that would result in taxable compensation income to the Employee.

Appears in 5 contracts

Samples: Employment Agreement (DG FastChannel, Inc), Employment Agreement (DG FastChannel, Inc), Agreement (DG FastChannel, Inc)

In-Kind Benefits and Reimbursements. Notwithstanding anything to the contrary in this Agreement, in-kind benefits and reimbursements provided under this Agreement during any tax year of Employee shall not affect in-kind benefits or reimbursements to be provided in any other tax year of Employee and are not subject to liquidation or exchange for another benefit. Notwithstanding anything to the contrary in this Agreement, reimbursement requests must be timely submitted by Employee and, if timely submitted, reimbursement payments shall be made to Employee as soon as administratively practicable following such submission, but in no event later than the last day of Employee’s taxable year following the taxable year in which the expense was incurred. In no event shall Employee be entitled to any reimbursement payments after the last day of Employee’s taxable year following the taxable year in which the expense was incurred. This paragraph Section shall only apply to in-kind benefits and reimbursements that would result in taxable compensation income to Employee.

Appears in 5 contracts

Samples: Employment Transition Agreement (Sizmek Inc.), Employment Agreement (Digital Generation, Inc.), Employment Agreement (Digital Generation, Inc.)

In-Kind Benefits and Reimbursements. Notwithstanding anything any thing to the contrary in this Agreement, in-kind benefits and reimbursements provided under this Agreement during any tax year of Employee shall not affect in-kind benefits or reimbursements to be provided in any other tax year of Employee and are not subject to liquidation or exchange for another benefit. Notwithstanding anything any thing to the contrary in this Agreement, reimbursement requests must be timely submitted by Employee and, if timely submitted, reimbursement payments shall be made to Employee as soon as administratively practicable following such submission, but in no event later than the last day of Employee’s taxable year following the taxable year in which the expense was incurred. In no event shall Employee be entitled to any reimbursement payments after the last day of Employee’s taxable year following the taxable year in which the expense was incurred. This paragraph shall only apply to in-kind benefits and reimbursements that would result in taxable compensation income to Employee.

Appears in 5 contracts

Samples: Employment Agreement (Matador Resources Co), Employment Agreement (Matador Resources Co), Employment Agreement (Matador Resources Co)

In-Kind Benefits and Reimbursements. Notwithstanding anything to the contrary in this Agreement, in-kind benefits and reimbursements provided under this Agreement during any tax year of Employee the Executive shall not affect in-kind benefits or reimbursements to be provided in any other tax year of Employee the Executive, except for the reimbursement of medical expenses referred to in Section 105(b) of the Code, and are not subject to liquidation or exchange for another benefit. Notwithstanding anything to the contrary in this Agreement, reimbursement requests must be timely submitted by Employee the Executive and, if timely submitted, reimbursement payments shall be made to Employee the Executive as soon as administratively practicable following such submission, but in no event later than the last day of Employeethe Executive’s taxable year following the taxable year in which the expense was incurred. In no event shall Employee the Executive be entitled to any reimbursement payments after the last day of EmployeeExecutive’s taxable year following the taxable year in which the expense was incurred. This paragraph shall only apply to in-kind benefits and reimbursements that would result in taxable compensation income to Employeethe Executive.

Appears in 2 contracts

Samples: Employment Agreement (UCI Holdco, Inc.), Employment Agreement (ASC Holdco, Inc.)

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In-Kind Benefits and Reimbursements. Notwithstanding anything any thing to the contrary in this Agreement, in-kind benefits and reimbursements provided under this Agreement during any tax year of the Employee shall not affect in-kind benefits or reimbursements to be provided in any other tax year of the Employee and are not subject to liquidation or exchange for another benefit. Notwithstanding anything any General Employment Agreement; FORM 1A thing to the contrary in this Agreement, reimbursement requests must be timely submitted by Employee and, if timely submitted, reimbursement payments shall be made to the Employee as soon as administratively practicable following such submission, but in no event later than the last day of Employee’s taxable year following the taxable year in which the expense was incurred. In no event shall the Employee be entitled to any reimbursement payments after the last day of Employee’s taxable year following the taxable year in which the expense was incurred. This paragraph Section shall only apply to in-kind benefits and reimbursements that would result in taxable compensation income to Employeethe Employee .

Appears in 1 contract

Samples: Employment Agreement (LYFE Communications, Inc.)

In-Kind Benefits and Reimbursements. Notwithstanding anything any thing to the contrary in this Agreement, in-kind benefits and reimbursements provided under this Agreement during any tax year of Employee Xxxxxxx shall not affect in-kind benefits or reimbursements to be provided in any other tax year of Employee Xxxxxxx and are not subject to liquidation or exchange for another benefit. Notwithstanding anything any thing to the contrary in this Agreement, reimbursement requests must be timely submitted by Employee Xxxxxxx and, if timely submitted, reimbursement payments shall be made to Employee Xxxxxxx as soon as administratively practicable following such submission, but in no event later than the last day of Employee’s Xxxxxxx’x taxable year following the taxable year in which the expense was incurred. In no event shall Employee Xxxxxxx be entitled to any reimbursement payments after the last day of Employee’s Xxxxxxx’x taxable year following the taxable year in which the expense was incurred. This paragraph shall only apply to in-kind benefits and reimbursements that would result in taxable compensation income to EmployeeXxxxxxx.

Appears in 1 contract

Samples: Independent Contractor Agreement (Matador Resources Co)

In-Kind Benefits and Reimbursements. Notwithstanding anything any thing to the contrary in this Agreement, in-kind benefits and reimbursements provided under this Agreement during any tax year of Employee the Executive shall not affect in-kind benefits or reimbursements to be provided in any other tax year of Employee the Executive and are not subject to liquidation or exchange for another benefit. Notwithstanding anything any thing to the contrary in this Agreement, reimbursement requests must be timely submitted by Employee the Executive and, if timely submitted, reimbursement payments shall be made to Employee the Executive as soon as administratively practicable following such submissionsubmission in accordance with the Corporation’s policies regarding reimbursements, but in no event later than the last day of EmployeeExecutive’s taxable year following the taxable year in which the expense was incurred. In no event shall Employee the Executive be entitled to any reimbursement payments after the last day of EmployeeExecutive’s taxable year following the taxable year in which the expense was incurred. This paragraph Section shall only apply to in-kind benefits and reimbursements that would result in taxable compensation income to Employeethe Executive.

Appears in 1 contract

Samples: Employment Agreement (Interphase Corp)

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