Common use of Executive Expenses Clause in Contracts

Executive Expenses. Any ordinary and necessary expenses incurred by the Executive on behalf of the Company which are directly connected with or pertaining to the furtherance of the business of the Company shall be reimbursed to the Executive upon receipt by the Company, within thirty (30) days from the date of expense, of a written statement with receipts attached stating: (i) the amount of such expense; (ii) the time and place that the expense was incurred; (iii) the business purpose of the expense; and (iv) the business relationship to the Company of persons entertained, if any.