Common use of Authorized Expenses Clause in Contracts

Authorized Expenses. The Executive is authorized to incur reasonable expenses for the promotion of the business of the Corporation. The Corporation will reimburse the Executive for all such reasonable expenses upon the presentation by the Executive, from time to time, of an itemized account of such expenditures. The Executive shall be entitled to such additional and other fringe benefits as the Board of Directors shall from time to time authorize, including but not limited to: A) health insurance coverage for the Executive, his wife and dependent children; B) a monthly automotive allowance of $550, which the Executive is to use to obtain an automobile to be available for company needs. All operating expenses such as maintenance, insurance and fuel (excluding fuel for company travel) will be the responsibility and expense of the Executive.

Appears in 12 contracts

Samples: Executive Employment Contract (PMC Commercial Trust /Tx), Employment Contract (PMC Commercial Trust /Tx), Executive Employment Contract (PMC Commercial Trust /Tx)

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Authorized Expenses. The Executive is authorized to incur reasonable expenses for the promotion of the business of the Corporation. The Corporation will reimburse the Executive for all such reasonable expenses upon the presentation by the Executive, from time to time, of an itemized account of such expenditures. The Executive shall be entitled to such additional and other fringe benefits as the Board of Directors shall from time to time authorize, including but not limited to: A) health insurance coverage for the Executive, his wife and dependent minor children; B) a monthly automotive allowance of $550, which the Executive is to use to obtain an automobile to be available utilized for his own company needs. All operating expenses such as maintenance, insurance and fuel etc. (excluding fuel for company travelfuel) will be the responsibility and expense of the Executive.

Appears in 10 contracts

Samples: Employment Contract (PMC Capital Inc), Employment Contract (PMC Capital Inc), Employment Contract (PMC Capital Inc)

Authorized Expenses. The Executive is authorized to incur reasonable expenses for the promotion of the business of the CorporationCompany. The Corporation Company will reimburse the Executive for all such reasonable expenses upon the presentation by the Executive, from time to time, of an itemized account of such expenditures. The Executive shall be entitled to such additional and other fringe benefits as the Board of Directors shall from time to time authorize, including but not limited to: A) health insurance coverage for the Executive, his wife and dependent children; B) a monthly automotive allowance of $550, which the Executive is to use to obtain an automobile to be available for company needs. All operating expenses such as maintenance, insurance and fuel (excluding fuel for company travel) will be the responsibility and expense of the Executive.

Appears in 7 contracts

Samples: Executive Employment Contract (PMC Commercial Trust /Tx), Executive Employment Contract (PMC Commercial Trust /Tx), Executive Employment Contract (PMC Commercial Trust /Tx)

Authorized Expenses. The Executive is authorized to incur reasonable expenses for the promotion of the business of the CorporationCompany. The Corporation Company will reimburse the Executive for all such reasonable expenses upon the presentation by the Executive, from time to time, of an itemized account of such expenditures. The Executive shall be entitled to such additional and other fringe benefits as the Board of Directors shall from time to time authorize, including but not limited to: A) health insurance coverage for the Executive, his wife and dependent children; and B) a monthly automotive allowance of $550, which the Executive is to use to obtain an automobile to be available for company needs. All operating expenses such as maintenance, insurance and fuel (excluding fuel for company travel) will be the responsibility and expense of the Executive.

Appears in 6 contracts

Samples: Executive Employment Contract (PMC Commercial Trust /Tx), Executive Employment Contract (PMC Commercial Trust /Tx), Executive Employment Contract (PMC Commercial Trust /Tx)

Authorized Expenses. The Executive is authorized to incur reasonable expenses for the promotion of the business of the Corporation. The Corporation will reimburse the Executive for all such reasonable expenses upon the presentation by the Executive, from time to time, of an itemized account of such expenditures. The Executive shall be entitled to such additional and other fringe benefits as the Board of Directors shall from time to time authorize, including but not limited to: A) health insurance coverage for the Executive, his wife and dependent minor children; B) a monthly automotive allowance of $550450, which the Executive is to use to obtain an automobile to be available utilized for his own company needs. All operating expenses such as maintenance, insurance and fuel etc. (excluding fuel for company travelfuel) will be the responsibility and expense of the Executive.

Appears in 5 contracts

Samples: Employment Contract (PMC Commercial Trust /Tx), Employment Contract (PMC Capital Inc), Employment Contract (PMC Capital Inc)

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Authorized Expenses. The Executive is authorized to incur reasonable expenses for the promotion of the business of the Corporation. The Corporation will reimburse the Executive for all such reasonable expenses upon the presentation by the Executive, from time to time, of an itemized account of such expenditures. The Executive shall be entitled to such additional and other fringe benefits as the Board of Directors shall from time to time authorize, including but not limited to: A) health insurance coverage for the Executive, his wife and dependent minor children; B) a monthly automotive allowance of $550450, which the Executive is to use to obtain an automobile to be available utilized for his own company needs. All operating expenses such as maintenance, insurance and fuel etc. (excluding fuel for company travelfuel) will be the responsibility and expense of the Executive; C) the cost of all continuing professional education related courses required to maintain CPA certification.

Appears in 5 contracts

Samples: Employment Contract (PMC Capital Inc), Employment Contract (PMC Capital Inc), Employment Contract (PMC Commercial Trust /Tx)

Authorized Expenses. The Executive is authorized to incur reasonable expenses for the promotion of the business of the CorporationCompany. The Corporation Company will reimburse the Executive for all such reasonable expenses upon the presentation by the Executive, from time to time, of an itemized account of such expenditures. The Executive shall be entitled to such additional and other fringe benefits as the Board of Directors shall from time to time authorize, including but not limited to: A(a) health insurance coverage for the Executive, his wife and dependent children; Band (b) a monthly automotive allowance of $550, which the Executive is to use to obtain an automobile to be available for company needs. All operating expenses such as maintenance, insurance and fuel (excluding fuel for company travel) will be the responsibility and expense of the Executive.

Appears in 2 contracts

Samples: Executive Employment Contract (PMC Commercial Trust /Tx), Executive Employment Contract (PMC Commercial Trust /Tx)

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