Corporate Expenses Clause Samples
The Corporate Expenses clause defines how costs and expenditures incurred by the corporation are to be handled and allocated. Typically, it outlines which expenses are considered legitimate business costs, who is authorized to approve such expenses, and the process for reimbursement or payment. For example, it may specify that travel, office supplies, and client entertainment are reimbursable if properly documented and pre-approved. The core function of this clause is to ensure transparency and accountability in the management of company funds, preventing misuse and clarifying financial responsibilities within the organization.
Corporate Expenses. Any corporate expenses or services allocated or provided to the Company by Heska following the date hereof will be charged to the Company at Heska’s cost and will be included for purposes of calculating the Company’s Operating Revenue and Operating Income; provided, however, that Heska will not charge the Company for any corporate expenses Heska incurs as a result of compliance with the U.S. Securities and Exchange Commission, The Nasdaq Stock Market or other regulatory requirements specific to public companies. Company shall have the option to reject services and the expenses associated therewith for any such service which it provides for itself, can provide for itself, or it can have provided by another Person at a lesser cost.
Corporate Expenses. Licensee will reimburse Licensor within 30 days after receipt of invoice from Licensor for all documented, out-of-pocket expenses incurred by Licensor for review, preparation, and negotiation of this Agreement, including future amendments, assignments, and other corporate-related instruments.
Corporate Expenses. All Corporates Expenses incurred by UTMDACC for so long as this Agreement remains in effect; provided, however, that, in the event of termination by Licensee in accordance with Section XII, Licensee shall only be obligated to pay or reimburse such Corporate Expenses incurred prior to the date notification of such termination is received by UTMDACC. UTMDACC will invoice Licensee after the Agreement has been fully executed by all parties for Corporate Expenses incurred after the Effective Date, unless agreed otherwise by licensee, and on a quarterly basis thereafter. At the election of UTMDACC, Licensee will either pay outside legal counsel directly for Corporate Expenses or will reimburse UTMDACC for such Corporate Expenses. Corporate Expense payment delinquencies (whether owed directly to outside legal counsel or to UTMDACC) will be considered a payment default under Section 12.3(b)
Corporate Expenses. The Company shall be responsible for and shall pay all Corporate Expenses. All Corporate Expenses shall be paid out of funds of the Company determined by the Executive Committee in its good faith sole discretion to be available for such purpose. As used herein, “Corporate Expenses” means all fees, costs, expenses, open purchase orders, liabilities, charges, and other obligations incurred with respect to the conduct of the business of the business of the Company and its business and assets, as determined by the Executive Committee, and shall include, without limitation, the following:
Corporate Expenses. The full amount of ordinary-course corporate expenses incurred at GLBR, based on management’s most recent budget forecast. Any amounts in excess of the $1 million annual cap will be paid through waterfall distributions
Corporate Expenses. The expenses under the heading "Lumex Division Related" in Schedule 4.22 represent all of the corporate expenses of the Seller that were incremental and necessary to operate the Business during the year ended December 31, 1995. Corporate expenses, such as officers' salaries, independent audit fees and expenses relating to maintaining a public company status are examples of the type of expenses that are corporate overhead and not necessary to operate the Business.