Common use of Business Expenses and Reimbursements Clause in Contracts

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. 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 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.