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.

Appears in 5 contracts

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

Appears in 4 contracts

Samples: Employment Contract (PMC Capital Inc), 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. 2 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 the use of a company owned automobile, all maintenance expenses will be the responsibility of the Corporation.

Appears in 1 contract

Samples: Employment Contract (PMC Capital Inc)

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