Common use of Reimbursement of Business Expenses Clause in Contracts

Reimbursement of Business Expenses. Company shall promptly reimburse Executive for all reasonable business expenses incurred by Executive in connection with the business of Company. However, each such expenditure shall be reimbursable only if Executive furnishes to Company adequate records and other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of each such expenditure as an income tax deduction.

Appears in 26 contracts

Samples: Employment Agreement (Staar Surgical Company), Employment Agreement (Staar Surgical Company), Employment Agreement (Clearsign Combustion Corp)

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Reimbursement of Business Expenses. The Company shall promptly pay or reimburse Executive for all ordinary and necessary expenses, in a reasonable business amount, which Executive incurs in performing his duties under this Agreement. Such expenses incurred by shall be paid or reimbursed to Executive in connection consistent with the business expense reimbursement policies of Company. However, each the Company in effect from time to time and Executive agrees to abide by any such expenditure shall be reimbursable only if Executive furnishes to Company adequate records and other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of each such expenditure as an income tax deductionexpense reimbursement policies.

Appears in 15 contracts

Samples: Employment Agreement (County Bancorp, Inc.), Employment Agreement (County Bancorp, Inc.), Employment Agreement (County Bancorp, Inc.)

Reimbursement of Business Expenses. The Company shall promptly reimburse Executive for all reasonable business expenses incurred by Executive in connection with the business of the Company. However, each such expenditure shall be reimbursable only if Executive furnishes to the Company adequate records and other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of each such expenditure as an income tax deduction.

Appears in 5 contracts

Samples: Amended Employment Agreement (True Drinks Holdings, Inc.), Employment Agreement (Secured Diversified Investment LTD), Employment Agreement (Secured Diversified Investment LTD)

Reimbursement of Business Expenses. The Company shall promptly reimburse Executive for all reasonable business expenses incurred by Executive in connection with the business of Companythe Company including travel (other than commuting to the office from Executive's residence), cell phone usage, business meals, etc. However, each such expenditure shall be reimbursable only if Executive furnishes to the Company adequate records and other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of each such expenditure as an income tax deduction.

Appears in 3 contracts

Samples: Employment Agreement (Blackwater Midstream Corp.), Employment Agreement (Blackwater Midstream Corp.), Employment Agreement (Blackwater Midstream Corp.)

Reimbursement of Business Expenses. Company shall promptly reimburse ---------------------------------- Executive for all reasonable business expenses incurred by Executive in connection with the business of Company. However, each such expenditure shall be reimbursable only if Executive furnishes to Company adequate records and other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of each such expenditure as an income tax deduction.

Appears in 1 contract

Samples: Employment Agreement (Variflex Inc)

Reimbursement of Business Expenses. Company shall promptly reimburse ---------------------------------- Executive for all reasonable business expenses incurred by Executive in connection with the business of Company. However, each such expenditure shall be reimbursable only if Executive furnishes to Company adequate such records and other documentary evidence as are required by federal and state statutes and regulations issued the policies adopted from time to time by the appropriate taxing authorities Company for the substantiation reimbursement of each such expenditure as an income tax deductionexpenses.

Appears in 1 contract

Samples: Employment Agreement (Variflex Inc)

Reimbursement of Business Expenses. The Company shall promptly reimburse the Executive for all reasonable business expenses reasonably incurred by Executive during the course of Executive’s employment. Such reimbursement shall be made in accordance with Company policies in effect from time to time upon presentation of receipts and such other additional substantiation and justification satisfactory to the Company for expenses actually incurred in connection with the business of Company. However, each such expenditure shall be reimbursable only if Executive furnishes to Company adequate records and other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of each such expenditure as an income tax deductionforegoing.

Appears in 1 contract

Samples: Employment Agreement (Microbot Medical Inc.)

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Reimbursement of Business Expenses. The Company shall promptly reimburse Executive for all reasonable business expenses reasonably incurred by Executive during the course of Executive’s employment. Such reimbursement shall be made in accordance with Company policies in effect from time to time upon presentation of receipts and such other additional substantiation and justification satisfactory to the Company for expenses actually incurred in connection with the business of Company. However, each such expenditure shall be reimbursable only if Executive furnishes to Company adequate records and other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of each such expenditure as an income tax deductionforegoing.

Appears in 1 contract

Samples: Employment Agreement (Microbot Medical Inc.)

Reimbursement of Business Expenses. Company shall promptly will pay, or reimburse Executive for for, all ordinary and reasonable out-of-pocket business expenses incurred by Executive in connection with the business his performance of services hereunder, in accordance with Company. However's expense authorization and approval procedures then in effect, each such expenditure shall be reimbursable only if and provided Executive furnishes to Company adequate records submits detailed vouchers and other documentary evidence required records reasonably requested by federal Company in support of the amount and state statutes and regulations issued by nature of the appropriate taxing authorities for the substantiation of each such expenditure as an income tax deductionexpenses.

Appears in 1 contract

Samples: Employment Agreement (Penn National Gaming Inc)

Reimbursement of Business Expenses. The Company shall promptly ---------------------------------- reimburse Executive for all reasonable business expenses incurred by Executive in connection with the business of the Company. However, each such expenditure shall be reimbursable only if Executive furnishes to the Company adequate such records and other documentary evidence as are required by federal and state statutes and regulations issued the policies adopted from time to time by the appropriate taxing authorities Company for the substantiation reimbursement of each such expenditure as an income tax deductionexpenses.

Appears in 1 contract

Samples: Employment Agreement (Variflex Inc)

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