Common use of Benefits and Expenses Clause in Contracts

Benefits and Expenses. (a) During the term of the Executive's employment hereunder, the Executive shall, subject to the terms thereof and the eligibility requirements therefor, be eligible to participate in any insurance, pension, retirement or other benefit program maintained by the Corporation for executive employees. (b) In order to facilitate the Executive's carrying out his duties hereunder, the Corporation shall promptly reimburse the Executive for all reasonable expenses paid or incurred by him in promoting the business of the Corporation, upon presentation by the Executive of an itemized accounting therefor.

Benefits and Expenses. (a) During the term of the Executive's employment hereunder, the Executive shall, subject to the terms thereof and the eligibility requirements therefor, be eligible to participate in any insurance, pension, retirement or other benefit program maintained by the Corporation for executive employees, including the Corporation's stock option plan. (b) In order to facilitate the Executive.'s carrying out his duties hereunder, the Corporation shall promptly reimburse the Executive for all reasonable expenses paid or incurred by him in promoting the business of the Corporation, upon presentation by the Executive of an itemized accounting therefortherefore.

Benefits and Expenses. (a) During the term of the Executive's employment hereunder, the Executive shall, subject to the terms thereof and the eligibility requirements therefor, be eligible to participate in any insurance, pension, retirement or other benefit program maintained by the Corporation for executive employees, including the Corporation's stock option plan. (b) In order to facilitate the Executive's carrying out his duties hereunder, the Corporation shall promptly reimburse the Executive for all reasonable expenses paid or incurred by him in promoting the business of the Corporation, upon presentation by the Executive of an itemized accounting therefor.