Common use of Expense Account Clause in Contracts

Expense Account. The Corporation shall reimburse Executive for reasonable and customary business expenses incurred during the term of this Agreement in the conduct of the Corporation’s business. Such expenses will include business meals, out-of-town lodging and travel expenses of Executive and, when she accompanies him on Company business, Executive’s spouse. In no event will there be reimbursement for items which are not reimbursable under written Corporation policy. Executive agrees to timely submit records and receipts of reimbursable items and agrees that the Corporation can adopt reasonable rules and policies regarding such reimbursement. The Corporation agrees to make prompt payment to the Executive following receipt and verification of such reports.

Expense Account. The Corporation shall reimburse Executive for reasonable and customary business expenses incurred during the term of this Agreement in the conduct of the Corporation’s business. Such expenses will include business meals, out-of-town lodging and travel expenses of Executive and, when she accompanies him on Company business, Executive’s spouse. In no event will there be reimbursement for items which are not reimbursable under written Corporation policy. Executive agrees to timely submit records and receipts of reimbursable items and agrees that the Corporation can adopt reasonable rules and policies regarding such reimbursement. The Corporation agrees to make prompt payment to the Executive following receipt and verification of such reports.