Common use of REIMBURSEMENT TO THE COMPANY Clause in Contracts

REIMBURSEMENT TO THE COMPANY. 11-7.01 The Company shall provide the Union with a detailed invoice of each month’s UFR no later than forty-five (45) Calendar Days following the month in which the expenses were incurred, or as otherwise mutually agreed. The invoice shall contain the following: a) The name(s) of the Cabin Personnel; b) The date(s) such Cabin Personnel is on UFR; c) The number of Credit Hours paid to the Cabin Personnel while on UFR; d) The Cabin Personnel hourly rate(s); and, e) The amount to be reimbursed to the Company. 11-7.02 The Union shall reimburse the Company within sixty (60) Calendar Days f rom the receipt of the submitted invoice for the costs incurred f or UFR. Said costs shall include a thirty-four percent (34%) premium to cover benefits and administrative expenses.