Common use of Expense Reimbursement and Benefits Clause in Contracts

Expense Reimbursement and Benefits. Expense reimbursement and benefits policies of the Brand will be determined by the Brand Manager, subject to generally accepted accounting principles and applicable tax laws and regulations. The Business Steering Committee of DMS Corp. will provide the Brand Manager with a list of guidelines as to appropriate reimbursement and benefits policies for use by the Brand Manager. In the event that a particular expense reimbursement or benefit is not clearly within the guidelines supplied by the Business Steering Committee, then the Brand Manager shall submit the issue to the Business Steering Committee for approval prior to claiming the reimbursement or benefit as a deduction by the Brand. Notwithstanding the foregoing, to the extent an expense is reported for the Brand which expense is determined to be (either wholly or partly) non-deductible for tax purposes, the Brand Contribution shall be reduced by adding (as an additional expense for purposes of calculating Brand Contribution) that amount of additional taxes incurred by DMS Corp. as a result of such non-deductibility.

Expense Reimbursement and Benefits. Expense reimbursement and benefits policies of the Brand will be determined by the Brand ManagerManagers, subject to generally accepted accounting principles and applicable tax laws and regulations. The Business Steering Committee of DMS Corp. will provide the Brand Manager Managers with a list of guidelines as to appropriate reimbursement and benefits policies for use by the Brand ManagerManagers. In the event that a particular expense reimbursement or benefit is not clearly within the guidelines supplied by the Business Steering Committee, then the Brand Manager Managers shall submit the issue to the Business Steering Committee for approval prior to claiming the reimbursement or benefit as a deduction by the Brand. Notwithstanding the foregoing, to the extent an expense is reported for the Brand which expense is determined to be (either wholly or partly) non-deductible for tax purposes, the Brand Contribution shall be reduced by adding (as an additional expense for purposes of calculating Brand Contribution) that amount of additional taxes incurred by DMS Corp. as a result of such non-deductibility.

Expense Reimbursement and Benefits. Expense reimbursement and benefits policies of the Brand will be determined by the Brand Manager, subject to generally accepted accounting principles U.S. GAAP and applicable tax laws and regulations. The Business Steering Committee of DMS Corp. will provide the Brand Manager with a list of guidelines as to appropriate reimbursement and benefits policies for use by the Brand Manager. In the event that a particular expense reimbursement or benefit is not clearly within the guidelines supplied by the Business Steering Committee, then the Brand Manager shall submit the issue to the Business Steering Committee for approval prior to claiming the reimbursement or benefit as a deduction by the Brand. Notwithstanding the foregoing, to the extent an expense is reported for the Brand which expense is determined to be (either wholly or partly) non-deductible for tax purposes, the Brand Contribution shall be reduced by adding (as an additional expense for purposes of calculating Brand Contribution) that amount of additional taxes incurred by DMS Corp. as a result of such non-deductibility.