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 $3,000 per fiscal year. The Company will provide a one-time reimbursement to the Executive for initiation fees for club membership in an amount not to exceed $10,000; provided, however, that if any such initiation fees are returned to the Executive upon termination of membership or for any other reason, such fees shall be paid to the Company to the extent such return is attributable to amounts paid by the Company.

Club. The Company will reimburse the Executive for periodic dues for his membership in clubs located in Bermuda in an amount not to exceed $3,000 2,200 per fiscal year. The Company will provide a one-time reimbursement to the Executive for not reimburse initiation fees for club membership under this Agreement, in an amount not to exceed $10,000; provided, however, that if any such initiation fees are returned to the Executive upon termination light of membership or for any other reason, such fees shall be paid to reimbursements made by the Company to the extent such return is attributable Executive's prior employer with respect to amounts paid initiation fees for club membership for the period during which the Executive performed services for the Company but was employed by the Companyprior 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 $3,000 2,400 per fiscal year. The Company will provide a one-time reimbursement to the Executive for initiation fees for club membership in an amount not to exceed $10,000; provided, however, that if any such initiation fees are returned to the Executive upon termination of membership or for any other reason, such fees shall be paid to the Company to the extent such return is attributable to amounts paid by the Company.

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