Common use of Taxable Reimbursements Clause in Contracts

Taxable Reimbursements. Notwithstanding the foregoing, any taxable reimbursement of business or other expenses provided for under this Agreement shall be subject to the following conditions: (i) the expenses eligible for reimbursement in one taxable year shall not affect the expenses eligible for reimbursement in any other taxable year; (ii) the reimbursement of an eligible expense shall be made no later than the end of the year after the year in which such expense was incurred; and (iii) the right to reimbursement shall not be subject to liquidation or exchange for another benefit.

Appears in 4 contracts

Samples: Employment Agreement (Boot Barn Holdings, Inc.), Employment Agreement (Boot Barn Holdings, Inc.), Employment Agreement (Boot Barn Holdings, Inc.)

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Taxable Reimbursements. Notwithstanding the foregoing, any Any taxable reimbursement of business or other expenses provided for under this Agreement shall be subject to the following conditions: (i) the expenses eligible for reimbursement in one taxable year shall not affect the expenses eligible for reimbursement in any other taxable year; , (ii) the reimbursement of an eligible expense shall be made no later than the end of the year after the year in which such expense was incurred; , and (iii) the right to reimbursement shall not be subject to liquidation or exchange for another benefit.. ​

Appears in 1 contract

Samples: Letter Agreement (Boot Barn Holdings, Inc.)

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