Common use of Employee Expenses Clause in Contracts

Employee Expenses. Subject to such general employee expense account policies as the Company and the Bank may from time to time adopt, the Company, or the Bank, as the case may be, will pay or reimburse the Employee upon presentation of vouchers or invoices for reasonable expenses incurred by the Employee in the performance of his or her duties in carrying out the terms and provisions of this Agreement, including, without limitation, expenses for such items as entertainment, travel, meals, hotel and similar items. In the event that any reimbursed expenses are disallowed by the Internal Revenue Service as deductions to the Company or the Bank, as the case may be, the Employee shall retain such reimbursed expense amounts which the Employee shall treat and report as additional compensation and which the Company or the Bank, as the case may be, shall treat as deductible salary expense. The Bank also shall provide the Employee during his or her employment under this Agreement with the full time use of a car selected by the Employee and comparable to the car available at present. Such car shall be used by the Employee in accordance with any and all general car policy(ies) as the Company and the Bank may from time to time adopt. Such car shall be selected, maintained and replaced in accordance with the Bank’s general policy on cars for employees having need of a car for such use.

Employee Expenses. Subject to such general employee expense account policies as the Company and the Bank may from time to time adopt, the Company, or the Bank, as the case may be, will Bank shall pay or reimburse the Employee upon presentation of vouchers or invoices for reasonable expenses incurred by the Employee in the performance of his or her duties in carrying out the terms and provisions of this Agreement, including, without limitation, expenses for such items as entertainment, travel, meals, hotel and similar items. In the event that any reimbursed expenses are disallowed by the Internal Revenue Service as deductions to the Company or the Bank, as the case may be, the Employee shall retain such reimbursed expense amounts which the Employee shall treat and report as additional compensation and which the Company or the Bank, as the case may be, Bank shall treat as deductible salary expense. The Bank also shall provide the Employee during his or her employment under this Agreement with the full time use of a car selected by the Employee and comparable to the car available at present. Such car shall be used by the Employee in accordance with any and all general car policy(ies) as the Company and the Bank may from time to time adopt. Such car shall be selected, maintained and replaced in accordance with the Bank’s general policy on cars for employees having need of a car for such use. In addition, during Executive’s employment under this Agreement, the Bank shall reimburse the Employee for country club dues (including any initiation fees) associated with Employee’s membership at one country club selected by the Executive and approved by the Bank, according to the Bank’s executive reimbursement policy.

Employee Expenses. Subject to such general employee expense account ----------------- policies as the Company and the Bank may from time to time adopt, the Company, Company or the Bank, as the case may be, will pay or reimburse the Employee upon presentation of vouchers or invoices for reasonable expenses incurred by the Employee in the performance of his or her duties in carrying out the terms and provisions of this Agreement, including, including without limitation, limitation expenses for such items as entertainment, travel, meals, hotel and similar items. In the event that any reimbursed expenses are disallowed by the Internal Revenue Service as deductions to the Company or the Bank, as the case may be, the Employee shall retain such reimbursed expense amounts which the Employee shall treat and report as additional compensation and which the Company or the Bank, as the case may be, shall treat as deductible deductable salary expense. The Bank Company also shall provide the Employee during his or her employment under this Agreement with the full time use of a car selected by the Employee and comparable to the car available to Employee at present. Such car shall be used by the Employee in accordance with any and all general car policy(ies) as the Company and the Bank may from time to time adopt. Such car shall be selected, maintained and replaced in accordance with the Bank’s 's general policy on cars for employees managers having need of a car for such business use.

Employee Expenses. Subject to such general employee expense account policies as the Company and the Bank may from time to time adopt, the Company, or the Bank, as the case may be, Bank will pay or reimburse the Employee upon presentation of vouchers or invoices for reasonable expenses incurred by the Employee in the performance of his or her duties in carrying out the terms and provisions of this Agreement, including, without limitation, expenses for such items as entertainment, travel, meals, hotel and similar items. In the event that any reimbursed expenses are disallowed by the Internal Revenue Service as deductions to the Company or the Bank, as the case may be, the Employee shall retain such reimbursed expense amounts which the Employee shall treat and report as additional compensation and which the Company or the Bank, as the case may be, shall treat as deductible salary expense. The Bank also shall provide the Employee during his or her employment under this Agreement with the full time business use of a car selected by the Employee and comparable acceptable to the car available at presentBank. Such car shall be used by the Employee solely for business purposes in accordance with any and all general car policy(ies) as the Company and the Bank may from time to time adopt. Such car shall be selected, maintained and replaced in accordance with the Bank’s general policy on cars for employees having need of a car for such use.

Employee Expenses. Subject to such general employee expense account policies as the Company and the Bank may from time to time adopt, the Company, or the Bank, as the case may be, will pay or reimburse the Employee upon presentation of vouchers or invoices for reasonable expenses incurred by the Employee in the performance of his or her duties in carrying out the terms and provisions of this Agreement, including, without limitation, expenses for such items as entertainment, travel, meals, hotel and similar items. In the event that any reimbursed expenses are disallowed by the Internal Revenue Service as deductions to the Company or the Bank, as the case may be, the Employee shall retain such reimbursed expense amounts which the Employee shall treat and report as additional compensation and which the Company or the Bank, as the case may be, shall treat as deductible salary expense. The Bank also shall provide the Employee during his or her employment under this Agreement with the full time business use of a car selected by the Employee and comparable to the car available at present. Such car shall be used by the Employee solely for business purposes and in accordance with any and all general car ear policy(ies) as the Company and the Bank may from time to time adopt. Such car shall be selected, maintained and replaced in accordance with the Bank’s general policy on cars for employees having need of a car for such use.