Common use of Club Clause in Contracts

Club. The Company will reimburse the Executive for periodic dues for ---- his membership in clubs located in Bermuda in an amount not to exceed $2,400 per fiscal year. The Company will not reimburse initiation fees for club membership under this Agreement, in light of reimbursements made by the Company to the Executive's prior employer with respect to initiation fees for club membership for the period during which the Executive performed services for the Company but was employed by the prior employer.

Club. The Company will reimburse the Executive for periodic dues for ---- his membership in clubs located in Bermuda in an amount not to exceed $2,400 2,200 per fiscal year. The Company will not reimburse initiation fees for club membership under this Agreement, in light of reimbursements made by the Company to the Executive's prior employer with respect to initiation fees for club membership for the period during which the Executive performed services for the Company but was employed by the prior employer.

Club. The Company will reimburse the Executive for periodic dues for his ---- his membership in clubs located in Bermuda in an amount not to exceed $2,400 per fiscal year. The Company will not reimburse initiation fees for club membership under this Agreement, in light of reimbursements made by the Company to the Executive's prior employer with respect to initiation fees for club membership for the period during which the Executive performed services for the Company but was employed by the prior employer.

Club. The Company will reimburse the Executive for periodic dues for ---- his membership in clubs located in Bermuda in an amount not to exceed $2,400 3,000 per fiscal year. The Company will not reimburse provide a one-time reimbursement to the Executive for initiation fees for club membership under this Agreementin an amount not to exceed $10,000; provided, in light however, that if any such initiation fees are returned to the Executive upon termination of reimbursements made by membership or for any other reason, such fees shall be paid to the Company to the Executive's prior employer with respect extent such return is attributable to initiation fees for club membership for the period during which the Executive performed services for the Company but was employed amounts paid by the prior employerCompany.

Club. The Company will reimburse the Executive for periodic dues for his ---- his membership in clubs located in Bermuda in an amount not to exceed $2,400 per fiscal year. The Company will not reimburse initiation fees for club membership under this Agreement, in light of reimbursements made by the Company to the Executive's prior employer with respect to initiation fees for club membership for the period during which the Executive performed services for the Company but was employed by the prior employer.