Common use of Business Expenses and Reimbursements Clause in Contracts

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. 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 duties, including without limitation the use of a Company-paid automobile (initially a Ford Crown Victoria), which types of expenditures shall be determined and approved by the Company, and further provided that: (a) The Board of Directors must unanimously approve any reimbursement of expenses in excess of Two Thousand Eighty Three Dollars ($2,083) per month. (b) 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 (determined without regard to statutory limitations) and not as deductible compensation to the Employee; and (bc) Employee furnishes furnish the Company with adequate records and other documentary evidence required by federal and State 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, as well as any other documentation reasonably requested by Company. (c) . Employee agrees that, if at any time, any payment made to the Employee by the Company, whether for salary or as a business expense reimbursement, shall be disallowed in whole or in part as a deductible expense to Company by the appropriate taxing authorities, Employee shall reimburse the Company to the full extent of such disallowance.

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 disallowancedisallowance unless otherwise approved by the company.

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 Companyduties, including without limitation the use of a Company- paid automobile (initially an Infinity G20), which types of expenditures shall be determined and approved by the Company, and further provided that: (a) The Board of Directors must unanimously approve any reimbursement of expenses in excess of Two Hundred Fifty Dollars ($250) per month. (b) 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 (determined without regard to statutory limitations) and not as deductible compensation to the Employee; and (bc) Employee furnishes the Company with adequate records and other documentary evidence required by federal and State 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, as well as any other documentation reasonably requested by Company. (c) . Employee agrees that, if at any time, any payment made to the Employee by the Company, whether for salary or as a business expense reimbursement, shall be disallowed in whole or in part as a deductible expense to Company by the appropriate taxing authorities, Employee shall reimburse the Company to the full extent of such disallowance.

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 Companyduties, which types of expenditures shall be determined and approved by the Company, and further provided that: (a) The Board of Directors must unanimously approve any reimbursement of expenses in excess of Two Thousand Five Hundred Dollars ($2,500) per month. (b) 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 (determined without regard to statutory limitations) and not as deductible compensation to the Employee; and (bc) Employee furnishes furnish the Company with adequate records and other documentary evidence required by federal and State 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, as well as any other documentation reasonably requested by Company. (c) . Employee agrees that, if at any time, any payment made to the Employee by the Company, whether for salary or as a business expense reimbursement, shall be disallowed in whole or in part as a deductible expense to Company by the appropriate taxing authorities, Employee shall reimburse the Company to the full extent of such disallowance.

Business Expenses and Reimbursements. Employee shall be entitled to reimbursement by the Company for ordinary and necessary business expenses incurred by 2 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 (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.