Common use of Reimbursement Payments Clause in Contracts

Reimbursement Payments. The following rules shall apply to payments of any amounts under this Agreement that are treated as “reimbursement payments” under Section 409A of the Code: (i) the amount of expenses eligible for reimbursement in one calendar year shall not limit the available reimbursements for any other calendar year (other than an arrangement providing for the reimbursement of medical expenses referred to in Section 105(b) of the Code); (ii) Executive shall file a claim for all reimbursement payments not later than 30 days following the end of the calendar year during which the expenses were incurred; (iii) Company shall make such reimbursement payments within 30 days following the date Executive delivers written notice of the expenses to Company; and (iv) the Executive’s right to such reimbursement payments shall not be subject to liquidation or exchange for any other payment or benefit.

Appears in 11 contracts

Samples: Employment Agreement (RigNet, Inc.), Employment Agreement (RigNet, Inc.), Employment Agreement (Glori Energy Inc.)

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Reimbursement Payments. The following rules shall apply to payments of any amounts under this Agreement that are treated as “reimbursement payments” under Section 409A of the Code: (i) the amount of expenses eligible for reimbursement in one calendar year shall not limit the available reimbursements for any other calendar year (other than an arrangement providing for the reimbursement of medical expenses referred to in Section 105(b) of the Code); (ii) Executive shall file a claim for all reimbursement payments not later than 30 thirty (30) days following the end of the calendar year during which the expenses were incurred; , (iii) the Company shall make such reimbursement payments within 30 thirty (30) days following the date Executive delivers written notice of the expenses to the Company; and (iv) the Executive’s right to such reimbursement payments shall not be subject to liquidation or exchange for any other payment or benefit.

Appears in 2 contracts

Samples: Employment Agreement (National General Holdings Corp.), Employment Agreement (National General Holdings Corp.)

Reimbursement Payments. The following rules shall apply to payments of any amounts under this Agreement that are treated as “reimbursement payments” under Section 409A of the Code: (i) the amount of expenses eligible for reimbursement in one calendar year shall not limit the available reimbursements for any other calendar year (other than an arrangement providing for the reimbursement of medical expenses referred to in Section 105(b) of the Code); (ii) the Executive shall file a claim for all reimbursement payments not later than 30 thirty (30) days following the end of the calendar year during which the expenses were incurred; , (iii) the Company shall make such reimbursement payments within 30 thirty (30) days following the date the Executive delivers written notice of the expenses to the Company; and (iv) the Executive’s right to such reimbursement payments shall not be subject to liquidation or exchange for any other payment or benefit.

Appears in 1 contract

Samples: Employment Agreement (Cathay General Bancorp)

Reimbursement Payments. The following rules shall apply to payments of any amounts under this Agreement that are treated as “reimbursement payments” under Section 409A of the Code: (i) the amount of expenses eligible for reimbursement in one calendar year shall not limit the available reimbursements for any other calendar year (other than an arrangement providing for the reimbursement of medical expenses referred to in Section 105(b) of the Code); (ii) Executive shall file a claim for all reimbursement payments not later than 30 days following the end of the calendar year during which the expenses were incurred; (iii) Company shall make such reimbursement payments within 30 days following the date Executive delivers written notice of the expenses to Company; and (iv) the Executive’s right 57827515 to such reimbursement payments shall not be subject to liquidation or exchange for any other payment or benefit.

Appears in 1 contract

Samples: Employment Agreement (Glori Energy Inc.)

Reimbursement Payments. The following rules shall apply to payments of any amounts under this Agreement that are treated as “reimbursement payments” under Section 409A of the Code409A: (iA) the amount of expenses eligible for reimbursement in one calendar year shall not limit the available reimbursements for any other calendar year (other than an arrangement providing for the reimbursement of medical expenses referred to in Section 105(bl05(b) of the Code); (iiB) Executive shall file a claim for all reimbursement payments not later than 30 thirty (30) days following the end of the calendar year during which the expenses were incurred; . (iiiC) the Company shall make such reimbursement payments within 30 thirty (30) days following the date Executive delivers written notice of the expenses to the Company; and (ivD) the Executive’s right to such reimbursement payments shall not be subject to liquidation or exchange for any other payment or benefit.

Appears in 1 contract

Samples: Employment Agreement (Ipsco Tubulars Inc)

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Reimbursement Payments. The following rules shall apply to payments of any amounts under this Agreement that are treated as “reimbursement payments” under Section 409A of the Code: (i) the amount of expenses eligible for reimbursement in one calendar year shall not limit the available reimbursements for any other calendar year (other than an arrangement providing for the reimbursement of medical expenses referred to in Section 105(b) of the Code); (ii) Executive Chairman shall file a claim for all reimbursement payments not later than 30 days following the end of the calendar year during which the expenses were incurred; (iii) Company shall make such reimbursement payments within 30 days following the date Executive Chairman delivers written notice of the expenses to Company; and (iv) the ExecutiveExecutive Chairman’s right to such reimbursement payments shall not be subject to liquidation or exchange for any other payment or benefit.

Appears in 1 contract

Samples: Executive Chairman Agreement (Glori Energy Inc.)

Reimbursement Payments. The following rules shall apply to payments of any amounts under this Agreement that are treated as “reimbursement payments” under Section 409A of the Code: (i) the amount of expenses eligible for reimbursement in one calendar year shall not limit the available reimbursements for any other calendar year (other than an arrangement providing for the reimbursement of medical expenses referred to in Section 105(b) of the Code); (ii) Executive shall file a claim for all reimbursement payments not later than 30 days following the end of the calendar year during which the expenses were incurred; (iii) Company shall make such reimbursement payments within 30 days following the date Executive delivers written notice of the expenses to Company; and (iv) the Executive’s right to such reimbursement payments shall not be subject to liquidation or exchange for any other payment or benefit.

Appears in 1 contract

Samples: Employment Agreement (RigNet, Inc.)

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