Business Expenses; Memberships. The Employer specifically agrees to reimburse the Employee for (a) reasonable business (including travel) expenses incurred by the Employee in the performance of the Employee’s duties hereunder, as approved from time to time by the Bank, and (b) the dues and business related expenditures, including initiation fees, associated with membership in professional associations which are commensurate with the Employee’s position; provided, however, that the Employee must, as a condition of reimbursement, submit verification of the nature and amount of such expenses in accordance with reimbursement policies from time to time adopted by the Employer and in sufficient detail to comply with rules and regulations promulgated by the Internal Revenue Service.
Appears in 9 contracts
Samples: Employment Agreement (SFSB, Inc.), Employment Agreement (SFSB, Inc.), Employment Agreement (SFSB, Inc.)
Business Expenses; Memberships. The Employer specifically agrees to reimburse the Employee for (a) reasonable business (including travel) expenses incurred by the Employee in the performance of the Employee’s 's duties hereunder, as approved from time to time by the BankBoard, and (b) the dues and business related expenditures, including initiation fees, associated with membership in professional associations which are commensurate with the Employee’s 's position; provided, however, that the Employee must, as a condition of reimbursement, submit verification of the nature and amount of such expenses in accordance with reimbursement policies from time to time adopted by the Employer and in sufficient detail to comply with rules and regulations promulgated by the Internal Revenue Service.
Appears in 8 contracts
Samples: Employment Agreement (Howard Bancorp Inc), Employment Agreement (Howard Bancorp Inc), Employment Agreement (Howard Bancorp Inc)
Business Expenses; Memberships. The Employer Employers specifically agrees to ------------------------------ reimburse the Employee for (a) reasonable business (including travel) expenses incurred by the Employee in the performance of the Employee’s 's duties hereunder, as approved from time to time by the BankBoard, and (b) the dues and business related expenditures, including initiation fees, associated with membership in professional associations which are commensurate with the Employee’s 's position; provided, however, that the Employee must, as a condition of reimbursement, submit verification of the nature and amount of such expenses in accordance with reimbursement policies from time to time adopted by the Employer Employers and in sufficient detail to comply with rules and regulations promulgated by the Internal Revenue Service.
Appears in 5 contracts
Samples: Employment Agreement (First Deposit Bancshares Inc), Employment Agreement (First Deposit Bancshares Inc), Employment Agreement (First Deposit Bancshares Inc)
Business Expenses; Memberships. The Employer specifically agrees to reimburse the Employee for (a) reasonable business (including travel) expenses incurred by the Employee in the performance of the Employee’s 's duties hereunder, as approved from time to time by the BankBoard, and (b) the dues and business related expenditures, including initiation fees, associated with membership in a country club and in professional associations which are commensurate with the Employee’s 's position; provided, however, that the Employee must, as a condition of reimbursement, submit verification of the nature and amount of such expenses in accordance with reimbursement policies from time to time adopted by the Employer and in sufficient detail to comply with rules and regulations promulgated by the Internal Revenue Service.
Appears in 2 contracts
Samples: Employment Agreement (Banks of the Chesapeake Inc), Employment Agreement (Banks of the Chesapeake Inc)
Business Expenses; Memberships. The Employer specifically agrees to reimburse the Employee for (a) reasonable business (including travel) expenses incurred by the Employee in the performance of the Employee’s duties hereunder, as approved from time to time by the BankBoard, and (b) the dues and business related expenditures, including initiation fees, associated with membership in professional associations which are commensurate with the Employee’s position; provided, however, that the Employee must, as a condition of reimbursement, submit verification of the nature and amount of such expenses in accordance with reimbursement policies from time to time adopted by the Employer and in sufficient detail to comply with rules and regulations promulgated by the Internal Revenue Service.. 2614958 v.14
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