Common use of Club Dues Clause in Contracts

Club Dues. The Bank shall reimburse Executive or pay for the cost of an individual membership at a country club determined by the Bank in its discretion for use by Executive, including all membership bonds or surety, initiation or membership fees, annual dues, capital assessments and all business-related expenses incurred at such club. Executive shall not be entitled to a tax gross-up for reimbursements or payments under this Section 5(g).

Appears in 7 contracts

Samples: Employment Agreement (Rockville Financial, Inc. /CT/), Employment Agreement (Rockville Financial, Inc. /CT/), Employment Agreement (Rockville Financial, Inc. /CT/)

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Club Dues. The Bank shall reimburse Executive or pay for the cost costs of an either a corporate or individual membership at a country club determined by the Bank in its discretion for use by Executive, including all membership bonds or surety, initiation or membership fees, annual dues, capital assessments and all business-related expenses expense incurred at such clubclub (“Club Expenses”). Executive shall not be entitled to a reimbursed on an after-tax gross-up basis for reimbursements or payments under this Section 5(g)the cost of Club Expenses expended by Executive.

Appears in 1 contract

Samples: Employment Agreement (Rockville Financial Inc.)

Club Dues. The Bank shall reimburse Executive or pay for the cost of an one individual membership at a country club determined by the Bank in its discretion for use by Executive, including all membership bonds or surety, initiation or membership fees, annual dues, capital assessments and all business-related expenses incurred at such club. Executive shall not be entitled to a tax gross-up for reimbursements or payments under this Section 5(g5(f).

Appears in 1 contract

Samples: Employment Agreement (United Financial Bancorp, Inc.)

Club Dues. The Bank shall reimburse Executive or pay for the cost of an individual a family membership at a country club determined by the Bank in its discretion for use by Executive, including all membership bonds or surety, initiation or membership fees, annual dues, capital assessments and all business-related expenses incurred at such club. Executive shall not be entitled to a tax gross-up for reimbursements or payments under this Section 5(g).

Appears in 1 contract

Samples: Employment Agreement (Rockville Financial, Inc. /CT/)

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Club Dues. The Bank shall reimburse Executive or pay for the cost costs of an either a corporate or individual membership at a country club determined by the Bank in its discretion for use by Executive, including all membership bonds or surety, initiation or membership fees, annual dues, capital assessments and all business-related expenses incurred at such clubclub (“Club Expenses”). Executive shall not be entitled to a reimbursed on an after-tax gross-up basis for reimbursements or payments under the cost of Club Expenses expended by Executive in accordance with the provisions of Section 7(g) of this Section 5(g)Agreement.

Appears in 1 contract

Samples: Employment Agreement (Rockville Financial Inc.)

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