Club and Organization Membership and Dues. United shall maintain the cost of stock or membership certificate and the cost of the initiation fee for memberships for a family (general membership) in one or more country clubs in the trade areas of the Bank, which Xxxxx shall select, plus dues, assessments and other costs of maintaining such memberships. United shall also pay Xxxxx’ membership fees and dues in banking, business, civic, and social organizations in which Xxxxx is a participating member. The benefits under this Section V D shall cease upon Separation from Service of Xxxxx and no such benefits or expenses which are incurred after or attributable to any time period after Separation from Service of Xxxxx shall be paid or reimbursed hereunder. The reimbursement of an eligible expense shall be made by United no later than the last day of Xxxxx’ taxable year during which the expense was incurred, or if later, the fifteenth day of the third month after such expense was incurred, and Xxxxx is required to request reimbursement and substantiate any such expense no later than ten days prior to the last date on which United is required to provide reimbursement for such expense hereunder. In addition, the amount of expenses eligible for reimbursement, or in-kind benefits provided, during Xxxxx’ taxable year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year and the right to reimbursement or in-kind benefits hereunder is not subject to liquidation or exchange for any other benefit.
Club and Organization Membership and Dues. First Sentry shall maintain the cost of stock or membership certificate and the cost of the initiation fee for memberships for a family (general membership) in one or more country clubs in the trade areas of First Sentry, which Sxxxxx shall select, plus dues, assessments and other costs of maintaining such memberships. First Sentry shall also pay Sxxxxx' membership fees and dues in banking, business, civic, professional (including continuing professional education requirements to maintain his certified public accountant's license), and social organizations in which Sxxxxx is a participating member.
Club and Organization Membership and Dues. United shall ----------------------------------------- maintain the cost of stock or membership certificate and the cost of the initiation fee for memberships for a family (general membership) in one or more country clubs in the trade areas of the Bank, which Xxxxx shall select, plus dues, assessments and other costs of maintaining such memberships. United shall also pay Xxxxx' membership fees and dues in banking, business, civic, and social organizations in which Xxxxx is a participating member.
Club and Organization Membership and Dues. Summit shall maintain the cost of stock or membership certificate and the cost of the initiation fee for memberships for a family (general membership) in one or more country clubs in the trade areas of Summit, which Maddy shall select, plus dues, assessments and other costs of maintaining such memberships. Summit shall also pay Maddy’s membership fees and dues in banking, business, civic, professional (including continuing professional education requirement to maintain his public accountant’s license), and social organizations in which Maddy is a participating member. The benefits provided under this Article V Section D during Maddy’s taxable year shall not affect the benefits to be provided in any other taxable year. The right to benefits under this Article V Section D is not subject to liquidation or exchange for another benefit. In addition, the right to benefits under this Article V Section D is subject to the provisions of Article V Section F 8, to the extent applicable. The benefits under this Article V Section D shall cease upon Separation from Service of Maddy.
Club and Organization Membership and Dues. Summit shall maintain the cost of stock or membership certificate and the cost of the initiation fee for memberships for a family (general membership) in one or more country clubs in the trade areas of Summit, which Maddy shall select, plus dues, assessments and other costs of maintaining such memberships. Summit shall also pay Maddy’s membership fees and dues in banking, business, civic, professional (including continuing professional education requirement to maintain his public accountant’s license), and social organizations in which Maddy is a participating member.
