Common use of EXPENSE REIMBURSEMENT AND PERQUISITES Clause in Contracts

EXPENSE REIMBURSEMENT AND PERQUISITES. a. During the Term of this Agreement, Xxxxxx shall be entitled to reimbursement of all reasonable and actual out-of­-pocket expenses incurred by him in the performance of him services to the Company consistent with corporate policies, if any, provided that the expenses are properly accounted for. Any such reimbursement will be made to Xxxxxx as soon as administratively feasible following submission of such documentation of such expense, but shall be made no later than the calendar year following the calendar year in which such expense is incurred by Xxxxxx. In the event that any such reimbursement is taxable to Xxxxxx, such reimbursement shall be made as soon practical upon Xxxxxx’x submission of a request to be reimbursed, but in all events such reimbursement will be made prior to the end of the calendar year next following the calendar year in which the applicable expense was incurred. b. During each calendar year of the Employment Term, Xxxxxx shall be entitled to reasonable vacation with full pay in accordance with they Company’s then-current vacation policies; provided, however, that Xxxxxx shall schedule such vacations at times convenient to the Company. x. Xxxxxx shall be entitled to participate in all health insurance (National Oxford), dental insurance, long-term disability insurance and other employee benefit plans instituted by the Company from time to time on the same terms and conditions as other similarly situated employees of the Company, to the extent permitted by law. In addition, Xxxxxx shall be a covered officer under the Company’s now existing and any future Directors and Officers liability policy.

EXPENSE REIMBURSEMENT AND PERQUISITES. a. During the Term of this Agreement, Xxxxxx shall be entitled to reimbursement of all reasonable and actual out-of­-pocket of-pocket expenses incurred by him in the performance of him his services to the Company consistent with corporate policies, if any, provided that the expenses are properly accounted for. Any such reimbursement will be made to Xxxxxx as soon as administratively feasible following submission of such documentation of such expense, but shall be made no later than the calendar year following the calendar year in which such expense is incurred by Xxxxxx. In the event that any such reimbursement is taxable to Xxxxxx, such reimbursement shall be made as soon practical upon Xxxxxx’x submission of a request to be reimbursed, but in all events such reimbursement will be made prior to the end of the calendar year next following the calendar year in which the applicable expense was incurred. b. During each calendar year of the Employment Term, Xxxxxx shall be entitled to reasonable vacation with full pay in accordance with they Company’s then-current vacation policies; provided, however, that Xxxxxx shall schedule such vacations at times convenient to the Company. x. Xxxxxx shall be entitled to participate in all health insurance (National Oxford)insurance, dental insurance, long-term disability insurance and other employee benefit plans instituted by the Company from time to time on the same terms and conditions as other similarly situated employees of the Company, to the extent permitted by law. In addition, Xxxxxx shall be a covered officer under the Company’s now existing and any future Directors and Officers liability policy.

EXPENSE REIMBURSEMENT AND PERQUISITES. a. During the Term of this Agreement, Xxxxxx Xxxxx shall be entitled to reimbursement of all reasonable and actual out-of­-pocket expenses incurred by him in the performance of him services to the Company consistent with corporate policies, if any, provided that the expenses are properly accounted for. Any such reimbursement will be made to Xxxxxx Xxxxx as soon as administratively feasible following submission of such documentation of such expense, but shall be made no later than the calendar year following the calendar year in which such expense is incurred by XxxxxxXxxxx. In the event that any such reimbursement is taxable to XxxxxxXxxxx, such reimbursement shall be made as soon practical upon Xxxxxx’x Xxxxx’x submission of a request to be reimbursed, but in all events such reimbursement will be made prior to the end of the calendar year next following the calendar year in which the applicable expense was incurred. b. During each calendar year of the Employment Term, Xxxxxx Xxxxx shall be entitled to reasonable vacation with full pay in accordance with they the Company’s then-current vacation policies; provided, however, that Xxxxxx Xxxxx shall schedule such vacations at times convenient to the Company. x. Xxxxxx Xxxxx shall be entitled to participate in all health insurance (National Oxford), dental insurance, long-term disability insurance and other employee benefit plans instituted by the Company from time to time on the same terms and conditions as other similarly situated employees of the Company, to the extent permitted by law. In addition, Xxxxxx Xxxxx shall be a covered officer under the Company’s now existing and any future Directors and Officers liability policy.