Common use of EXPENSE REIMBURSEMENT/OFFSET RIGHTS Clause in Contracts

EXPENSE REIMBURSEMENT/OFFSET RIGHTS. If Employee has incurred expenses prior to the Severance Date in accordance with Company policies and with proper approvals, and provided Employee documents such expenses on a properly completed expense reimbursement in a form approved by the Company, the Company shall reimburse Employee for such authorized expenses. Notwithstanding anything in this Agreement to the contrary, to the extent permitted by law, the Company may direct any expense reimbursements, Severance pay or other amounts due Employee to any person or entity (including the Company) to which any expenses or other amounts are owed by the Employee, including without limitation any credit card companies or other vendors which have extended credit to the Employee through Company-sponsored programs. The ability of the Company to do so shall not relieve the Employee of Employee's obligation to pay any such vendor, except to the extent actually applied to the account balance.

Appears in 5 contracts

Samples: Severance Agreement (Finova Group Inc), Severance Agreement (Finova Group Inc), Severance Agreement (Finova Group Inc)

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EXPENSE REIMBURSEMENT/OFFSET RIGHTS. If Employee has incurred ----------------------------------- expenses prior to the Severance Date in accordance with Company policies and with proper approvals, and provided Employee documents such expenses on a properly completed expense reimbursement in a form approved by the Company, the Company shall reimburse Employee for such authorized expenses. Notwithstanding anything in this Agreement to the contrary, to the extent permitted by law, the Company may direct any expense reimbursements, Severance pay or other amounts due Employee to any person or entity (including the Company) to which any expenses or other amounts are owed by the Employee, including without limitation any credit card companies or other vendors which have extended credit to the Employee through Company-Company- sponsored programs. The ability of the Company to do so shall not relieve the Employee of Employee's obligation to pay any such vendor, except to the extent actually applied to the account balance.

Appears in 1 contract

Samples: Severance Agreement (Finova Group Inc)

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EXPENSE REIMBURSEMENT/OFFSET RIGHTS. If Employee has incurred ----------------------------------- expenses prior to the Severance Date in accordance with Company policies and with proper approvals, and provided Employee documents such expenses on a properly completed expense reimbursement in a form approved by the Company, the Company shall reimburse Employee for such authorized expenses. Notwithstanding anything in this Agreement to the contrary, to the extent permitted by law, the Company may direct any expense reimbursements, Severance pay or other amounts due Employee to any person or entity (including the Company) to which any expenses or other amounts are owed by the Employee, including without limitation any credit card companies or other vendors which have extended credit to the Employee through Company-sponsored programs. The ability of the Company to do so shall not relieve the Employee of Employee's obligation to pay any such vendor, except to the extent actually applied to the account balance.

Appears in 1 contract

Samples: Severance Agreement (Finova Group Inc)

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