Common use of Automobile and Other Expenses Clause in Contracts

Automobile and Other Expenses. The Company will pay to Executive no less than $700 per month (adjusted annually for inflation, as determined by the Company's Board of Directors) during the Term as reimbursement for business-related operating expenses for an automobile to be used by Executive, including without limitation automobile lease payments, insurance, service and repairs in the ordinary course. In addition, the Company shall pay or reimburse Executive for all reasonable out-of-pocket expenses incurred by him in the performance of his duties under this Agreement, subject to the presentment and approval of appropriate itemized expense statements, receipts, vouchers or other supporting documentation in accordance with the Company's normal policies.

Automobile and Other Expenses. The Company will pay to Executive no less than $700 1,000 per month (adjusted annually for inflation, as determined by the Company's Board of Directors) during the Term as reimbursement for business-related operating expenses for an automobile to be used by Executive, including without limitation automobile lease payments, insurance, service and repairs in the ordinary course. In addition, the Company shall pay or reimburse Executive for all reasonable out-of-pocket expenses incurred by him in the performance of his duties under this Agreement, subject to the presentment and approval of appropriate itemized expense statements, receipts, vouchers or other supporting documentation in accordance with the Company's normal policies.