Common use of Business Expenses; Memberships Clause in Contracts

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 Board, 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 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.

Business Expenses; Memberships. The Employer specifically agrees to ------------------------------ reimburse the Employee for (a) reasonable business (including travel) expenses incurred by the Employee him in the performance of the Employee's his duties hereunder, as approved from time to time by the BoardPresident of the Company and the Bank, and (b) the dues and business related expenditures, including initiation fees, associated with membership in a single country club and a single civic association both as selected by the Employee and in professional associations which are commensurate with the Employee's his position; provided, however, that the Employee mustshall, 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.

Business Expenses; Memberships. The Employer specifically agrees to ------------------------------ reimburse the Employee for (a) reasonable business (including travel) expenses incurred by the Employee him in the performance of the Employee's his duties hereunder, as approved from time to time by the BoardBoard of Directors of either the Bank or the Company, and (b) the dues and business related expenditures, including initiation fees, associated with membership in a two country club clubs and two civic associations both as selected by the Employee and in professional associations which are commensurate with the Employee's his position; provided, however, that the Employee mustshall, 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.

Business Expenses; Memberships. The Employer specifically agrees to ------------------------------ reimburse the Employee for (a) reasonable business (including cell phone and travel) expenses incurred by the Employee in the performance of the Employee's ’s duties hereunder, as approved from time to time by the Board, and (b) the dues and business related expenditures, including initiation fees, fees associated with membership in a country club and in professional associations which and clubs (specifically including Fountain Head Country Club) that 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.