Common use of Expenses and Benefits Clause in Contracts

Expenses and Benefits. The Company shall pay or reimburse Executive for any expenses reasonably incurred by him in furtherance of his duties hereunder, including, but not limited to, reasonable expenses for traveling, meals and hotel accommodations, upon submission by Executive of vouchers or itemized statements therefor, prepared in compliance with such rules and policies as the Company may from time to time adopt and as may be required in order to permit such payments as proper deductions by the Company under the Internal Revenue Code and the rules and regulations adopted pursuant thereto, now or hereafter in effect. Executive shall have made available to him, on substantially the same terms as other management level employees of the Company, group insurance, retirement plans, and other benefit programs in effect from time to time during the term of Executive’s employment. Executive’s participation under any group insurance programs, retirement plans or other benefit programs shall be subject to the applicable terms and conditions of the same. This paragraph shall not be construed as a commitment on the part of the Company to establish, maintain, or continue any such plans or programs.

Appears in 2 contracts

Samples: Employment Agreement (Gateway Energy Corp/Ne), Employment Agreement (Gateway Energy Corp/Ne)

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Expenses and Benefits. The Company shall pay or reimburse Executive for any expenses reasonably incurred by him her in furtherance of his her duties hereunder, including, but not limited to, reasonable expenses for traveling, meals and hotel accommodations, upon submission by Executive of vouchers or itemized statements therefortherefore, prepared in compliance with such rules and policies as the Company may from time to time adopt and as may be required in order to permit such payments as proper deductions by the Company under the Internal Revenue Code and the rules and regulations adopted pursuant thereto, now or hereafter in effect. Executive shall have made available to himher, on substantially the same terms as other management level employees of the Company, group insurance, retirement plans, and other benefit programs in effect from time to time during the term of Executive’s employment. Executive’s participation under any group insurance programs, retirement plans or other benefit programs shall be subject to the applicable terms and conditions of the same. This paragraph shall not be construed as a commitment on the part of the Company to establish, maintain, or continue any such plans or programs.

Appears in 1 contract

Samples: Agreement (Western Sizzlin Corp)

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Expenses and Benefits. The Company shall pay or reimburse Executive for any expenses reasonably incurred by him in furtherance of his duties hereunder, including, but not limited to, reasonable expenses for traveling, meals and hotel accommodations, upon submission by Executive of vouchers or itemized statements therefortherefore, prepared in compliance with such rules and policies as the Company may from time to time adopt and as may be required in order to permit such payments as proper deductions by the Company under the Internal Revenue Code and the rules and regulations adopted pursuant thereto, now or hereafter in effect. Executive shall have made available to him, on substantially the same terms as other management level employees of the Company, group insurance, retirement plans, and other benefit programs in effect from time to time during the term of Executive’s 's employment. Executive’s 's participation under any group insurance programs, retirement plans or other benefit programs shall be subject to the applicable terms and conditions of the same. This paragraph shall not be construed as a commitment on the part of the Company to establish, maintain, or continue any such plans or programs.

Appears in 1 contract

Samples: Employment Agreement (Gateway Energy Corp/Ne)

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