Common use of Automobile Expense Reimbursement Clause in Contracts

Automobile Expense Reimbursement. During the Term, the Company shall reimburse the Executive at the maximum reimbursement rate per mile provided for in the Internal Revenue Code of 1986, as amended, in connection with Executive’s use of his automobile for Company business. All reimbursement payments shall be made as soon as administratively practicable following the date that the Executive submits the request for reimbursement and supporting documentation but no later than the end of the calendar year following the calendar year in which the expense was occurred.

Automobile Expense Reimbursement. During the Term and Subsequent Term, the Company shall reimburse the Executive at the maximum reimbursement rate per mile provided for in the Internal Revenue Code of 1986, as amended, in connection with Executive’s use of his automobile for Company business. All reimbursement payments shall be made as soon as administratively practicable following the date that the Executive submits the request for reimbursement and supporting documentation but no later than the end of the calendar year following the calendar year in which the expense was occurred.