Common use of Business Expenses and Perquisites Clause in Contracts

Business Expenses and Perquisites. (a) During the Employment Term, reasonable travel, entertainment, and other business expenses incurred by Executive in the performance of his duties hereunder shall be reimbursed by Cedar Fair in accordance with Cedar Fair’s policies as in effect from time to time. (b) In compliance with Section 409A, notwithstanding the terms of any policy to the contrary: (i) The amount of expenses eligible for reimbursement during any calendar year shall not affect the amount of expenses eligible for reimbursement in any other calendar year; (ii) The reimbursement of an eligible expense shall be made on or before December 31 of the calendar year following the calendar year in which the expense was incurred; and (iii) The right to reimbursement shall not be subject to liquidation or exchange for another benefit.

Business Expenses and Perquisites. (a) During the Employment Term, reasonable travel, entertainment, and other business expenses incurred by Executive in the performance of his duties hereunder shall be reimbursed by Cedar Fair in accordance with Cedar Fair’s 's policies as in effect from time to time. (b) In compliance with Section 409A, notwithstanding the terms of any policy to the contrary: (i) The amount of expenses eligible for reimbursement during any calendar year shall not affect the amount of expenses eligible for reimbursement in any other calendar year; (ii) The reimbursement of an eligible expense shall be made on or before December 31 of the calendar year following the calendar year in which the expense was incurred; and (iii) The right to reimbursement shall not be subject to liquidation or exchange for another benefit.