Business Expenses and Reimbursements. Employee shall be eligible for reimbursement by AXOGEN in accordance with AXOGEN’s normal reimbursement practices for ordinary and necessary business expenses incurred by Employee in the performance of Employee’s duties for AXOGEN, so long as Employee timely submits to AXOGEN accurate invoices and receipts of all expenses submitted for reimbursement pursuant to this section.
Business Expenses and Reimbursements. Employee shall be entitled to reimbursement by the Company for ordinary and necessary business expenses incurred by Employee in the performance of his duties for Company, which types of expenditures shall be determined and approved by the Company, and further provided that:
(a) Each such expenditure is of a nature qualifying it as a proper deduction on the Federal and State income tax returns of Company as a business expense (determined without regard to statutory limitations) and not as deductible compensation to Employee; and
(b) Employee furnishes Company with adequate records and other documentary evidence required by federal and State statutes and regulations for the substantiation of such expenditures as deductible business expenses of Company and not as deductible compensation to Employee, as well as any other documentation reasonably requested by Company.
(c) Employee agrees that, if at any time, any payment made to Employee by Company, whether for salary or as a business expense reimbursement, shall be disallowed in whole or in part as a deductible expense by the appropriate taxing authorities, Employee shall reimburse Company to the full extent of such disallowance.
Business Expenses and Reimbursements. Executive shall be entitled to reimbursement by XStream for ordinary and necessary business expenses incurred by Executive in the performance of Executive’s duties (collectively, “Business Expenses”), which such Business Expenses shall be approved by XStream in its sole and absolute discretion, and further provided that:
A. Each such Business Expense is of a nature qualifying it as a deductible expense on the Federal income tax return of XStream as a business expense, and not as deductible compensation to Executive; and
B. Executive furnishes XStream with adequate records and other documentary evidence required by applicable statutes, regulations and XStream’s policies for the substantiation of such Business Expenses as a deductible business expense of XStream, and not as deductible compensation to Executive.
Business Expenses and Reimbursements. During the Employment Period, the Bank shall pay, or promptly reimburse Executive for, all business travel and other out-of-pocket expenses (including, without limitation, mileage reimbursement at rates specified from time to time in or pursuant to the Code) reasonably incurred by Executive in the performance of Executive’s duties pursuant to this Agreement that are in compliance with the Bank’s policies with respect thereto upon submission by Executive of an expense report with appropriate vouchers to the Bank (collectively, “Business Expenses”). With respect to any amount of expenses eligible for reimbursement that is required to be included in Executive’s gross income for federal income tax purposes, such expenses shall be reimbursed to Executive no later than December 31 of the year following the year in which Executive incurs the related expenses. In no event shall the amount of expenses (or in-kind benefits) eligible for reimbursement in one taxable year affect the amount of expenses (or in-kind benefits) eligible for reimbursement in any other taxable year (except for those medical reimbursements referred to in Section 105(b) of the Code), nor shall Executive’s right to reimbursement or in-kind benefits be subject to liquidation or exchange for another benefit.
Business Expenses and Reimbursements. Employee shall be eligible for reimbursement by AXOGEN in accordance with AXOGEN’s normal reimbursement practices for ordinary and necessary business expenses incurred by Employee in the performance of Employee’s duties for AXOGEN, so long as Employee timely submits to AXOGEN accurate invoices and receipts of all expenses submitted for reimbursement pursuant to this section. Employee will be reimbursed for moving expenses if the move is completed within two years are the start of employment up to a maximum of $50,000.
Business Expenses and Reimbursements. Employee shall further be entitled to reimbursement by Company for other ordinary and necessary business expenses incurred by Employee in the performance of his duties hereunder, and further provided that:
(a) Each such expenditure is of a nature qualifying it as a proper deduction on the federal and state income tax returns of the Company as a business expense and not as deductible compensation to the Employee; and
(b) Employee furnishes the Company with adequate records and other documentary evidence required by federal and state statutes and regulations for the substantiation of such expenditures as deductible business expenses of the Company and not as deductible compensation to the Employee. Employee agrees that if, at any time, any payment made to the Employee by the Company as a business expense reimbursement for a particular item shall be disallowed in whole as a deductible expense to the Company by the appropriate taxing authorities, Employee shall reimburse Company to the full extent of such disallowance if so requested by the Company in writing.
Business Expenses and Reimbursements. Employee shall be entitled to reimbursement by the Company for ordinary and necessary business expenses incurred by Employee in the performance of his duties for the Company, which types of expenditures shall be determined and approved by the Company, and further provided that:
(a) Each such expenditure is of a nature qualifying it as a proper deduction on the Federal and State income tax returns of Company as a business expense and not as deductible compensation to Employee; and
(b) Employee furnishes Company with adequate records and other documentary evidence required by federal and State statutes and regulations for the substantiation of such expenditures as deductible business expenses of Company and not as deductible compensation to Employee, as well as any other documentation reasonably requested by Company.
Business Expenses and Reimbursements. Executive shall be entitled to reimbursement by Genesis for ordinary and necessary business expenses incurred by Executive in the performance of Executive's duties (collectively, "Business Expenses"), which such Business Expenses shall be approved by Genesis in its sole and absolute discretion, and further provided that:
A. Each such Business Expense is of a nature qualifying it as a deductible expense on the Federal income tax return of Genesis as a business expense, and not as deductible compensation to Executive; and
B. Executive furnishes Genesis with adequate records and other documentary evidence required by applicable statutes, regulations and Genesis' policies for the substantiation of such Business Expenses as a deductible business expense of Genesis, and not as deductible compensation to Executive.
Business Expenses and Reimbursements. The Company shall reimburse Executive for all reasonable, ordinary, and necessary travel and other business expenses incurred in connection with Executive’s employment. The foregoing payments identified in this Section 3(c) shall be reimbursed and paid by Company subject to Executive’s timely submission of receipts or other documentation in conformance with the Company’s normal procedures in effect from time to time.
Business Expenses and Reimbursements. It is contemplated that, in connection with his employment hereunder, the Employee may be required to incur reasonable business, entertainment, and travel expenses. The Corporation agrees to reimburse the Employee in full for all such reasonable and necessary business, entertainment and travel expenses incurred or expended by him in connection with the performance of his duties hereunder; proving the Employee submits to the Corporation vouchers or expense statements satisfactorily evidencing such expenses as may be reasonably required by the Corporation and such expenses are in accordance with any corporate policy with respect thereto. During the Employment Period, the Employee is entitled to reimbursement by the Corporation for the following out-of-pocket expenses incurred by the Employee after receiving written approval from the Board:
(i) Membership fees for professional organizations and affiliations beneficial to the Employee or the Corporation in the performance of the Employee's duties under this Agreement, and
(ii) Expenses for seminars, courses and conferences attended for the Corporation's business purposes.
