Common use of Expense Payments and Reimbursements Clause in Contracts

Expense Payments and Reimbursements. The Executive shall be reimbursed for all reasonable out-of-pocket business expenses that he shall incur in connection with his services under this Agreement upon substantiation of such expenses in accordance with applicable policies of the Company. Such reimbursements shall be paid promptly by the Company and in any event not later than March 15 of the year immediately following the end of the calendar year in which the Executive incurred such expense.

Appears in 3 contracts

Samples: Employment Agreement (New England Bancshares, Inc.), Employment Agreement (New England Bancshares, Inc.), Employment Agreement (New England Bancshares, Inc.)

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Expense Payments and Reimbursements. The Executive shall be reimbursed for all reasonable out-of-pocket business expenses that he shall incur in connection with his services under this Agreement upon substantiation of such expenses in accordance with applicable policies of the CompanyAssociation. Such reimbursements shall be paid promptly by the Company Association and in any event not later than March 15 of the year immediately following the end of the calendar year in which the Executive incurred such expense.

Appears in 2 contracts

Samples: Employment Agreement (New England Bancshares, Inc.), Employment Agreement (New England Bancshares, Inc.)

Expense Payments and Reimbursements. The Executive shall be reimbursed for all reasonable out-of-pocket business expenses that he shall incur in connection with his services under this Agreement upon substantiation of such expenses in accordance with applicable policies of the Company. Such Bank, and all such reimbursements pursuant to this Section 8 shall be paid promptly by the Company Bank and in any event not no later than March 15 of the year immediately following the end of the calendar year in which the Executive incurred such expenseexpense was incurred.

Appears in 1 contract

Samples: Employment Agreement (Cheviot Financial Corp)

Expense Payments and Reimbursements. The Executive shall be reimbursed for all reasonable out-of-pocket business expenses that he shall incur in connection with his services under this Agreement upon substantiation of such expenses in accordance with applicable policies of the Company. Such reimbursements and payments shall be paid made promptly by the Company and and, in any event event, not later than March 15 of the year immediately following the end of the calendar year in which the Executive incurred such expense.

Appears in 1 contract

Samples: Employment Agreement (Newport Bancorp Inc)

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Expense Payments and Reimbursements. The Executive shall be reimbursed for all reasonable out-of-pocket business expenses that he shall incur in connection with his services under this Agreement upon substantiation of such expenses in accordance with applicable policies of the CompanyBank. Such reimbursements shall be paid promptly by the Company Bank and in any event not later than March 15 of the year immediately following the end of the calendar year in which the Executive incurred such expense.

Appears in 1 contract

Samples: Employment Agreement (New England Bancshares, Inc.)

Expense Payments and Reimbursements. The Executive shall be reimbursed for all reasonable out-of-pocket business expenses that he shall incur in connection with his services under this Agreement upon substantiation of such expenses in accordance with applicable policies of the CompanyBank. Such reimbursements and payments shall be paid made promptly by the Company and Bank and, in any event event, not later than March 15 of the year immediately following the end of the calendar year in which the Executive incurred such expense.

Appears in 1 contract

Samples: Employment Agreement (Newport Bancorp Inc)

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