Common use of Club Membership Dues Clause in Contracts

Club Membership Dues. During the period of the Executive’s employment with the Company, the Company shall reimburse the Executive for dues and business related expenditures associate with membership in trade and professional associations and one single country club as selected by the Executive and approved by the Board. Subject to presentation of invoices or vouchers for such expenses or other evidence thereof to the Company in accordance with the Company’s general policies or guidelines in effect for such reimbursements, the Company will reimburse the Executive for all such amounts promptly on presentation of such invoices or vouchers but no later than the last day of the calendar year following the calendar year in which the Executive incurs the reimbursable expense. The Executive agrees to use the country club as entertainment for selective Bank clients.

Club Membership Dues. During the period of the Executive’s employment with the Company, the Company shall reimburse the Executive for dues and business related expenditures associate associated with membership in trade and professional associations and one single country club as selected by the Executive and approved by the Board. Subject to presentation of invoices or vouchers for such expenses or other evidence thereof to the Company in accordance with the Company’s general policies or guidelines in effect for such reimbursements, the Company will reimburse the Executive for all such amounts promptly on presentation of such invoices or vouchers but no later than the last day of the calendar year following the calendar year in which the Executive incurs the reimbursable expense. The Executive agrees to use the country club as entertainment for selective Bank clients.