Expenses & Expense Reimbursement Sample Clauses
The Expenses & Expense Reimbursement clause defines how costs incurred by one party in connection with the agreement will be handled and reimbursed. Typically, it outlines which types of expenses are eligible for reimbursement, the process for submitting expense claims, and any limitations or approval requirements. For example, it may specify that only pre-approved travel or material costs will be reimbursed, and that receipts must be provided. This clause ensures clarity and fairness in managing out-of-pocket costs, preventing disputes over which expenses are covered and how they should be documented and paid.
Expenses & Expense Reimbursement. Executive shall be entitled to reimbursement from Employer of all reasonable and necessary business, travel and entertainment expenses incurred by Executive in the performance of Executive’s job responsibilities hereunder, subject to the expense reimbursement policies and procedures of Employer in effect from time-to-time. Executive must submit proper documentation for each such expense within one hundred twenty (120) days after the later of (i) Executive’s incurrence of such expense or (ii) Executive’s receipt of the invoice for such expense. If such expense qualifies hereunder for reimbursement, then the Employer shall reimburse Executive for that expense within thirty (30) business days thereafter. In no event shall any such expense be reimbursed later than the close of the calendar year following the calendar year in which is incurred. The amount of reimbursement to which Executive becomes entitled in any calendar year will not affect the amount of expenses eligible for reimbursement hereunder in any other calendar year. In addition, none of Executive’s rights to such reimbursement may be liquidated or exchanged for any other benefit or payment.
Expenses & Expense Reimbursement. The Expense Reimbursement paid by Purchaser to Seller shall serve as partial reimbursement to Sellers for the consulting, accounting, legal, and other charges and expenses incurred by Sellers in connection with the negotiation, execution and performance of this Agreement, the related agreements and the transactions contemplated hereby. Except as otherwise specifically provided herein, and as provided in the preceding sentence with respect to the Expense Reimbursement, each of the parties hereto shall be solely responsible for and pay its own consulting, accounting, legal, and other charges and expenses incurred by such party in connection with the negotiation, execution and performance of this Agreement, the related agreements and the transactions contemplated hereby and thereby without obligation to pay or contribute to the expenses incurred by any other party. In the event this Agreement is terminated pursuant to Section 9 hereof, Purchaser shall be responsible for and pay all out-of-pocket expenses incurred by Sellers, Campus Outfitters and Campus Textbooks in connection with the Campus Audit to the extent Purchaser shall have consented in writing to the terms and conditions of the engagement letter relating to the Campus Audit, among Sellers, Campus Outfitters and Campus Textbooks and the auditor to perform the Campus Audit. Except for expenses as provided in this Section 11.6, all other transaction expenses of the Sellers or either Company shall be borne by the Sellers and not by either Company. Any such expenses paid by the Companies shall be reimbursed by the Sellers at Closing as provided in Section 2.7.
Expenses & Expense Reimbursement. (a) Except as set forth in this Section 9.3, all fees and expenses incurred in connection with this Agreement and the Contemplated Transactions shall be paid by the Party incurring such expenses, whether or not the Merger is consummated; provided, that CGI and the Company shall share equally all fees and expenses incurred in relation to (i) the printing and filing with the SEC of the Form S-4 (including any financial statements and exhibits) and any amendments or supplements thereto and paid to a financial printer or the SEC (for avoidance of doubt, excluding any costs incurred in the preparation of such documents) and (ii) the filing of a NASDAQ listing application, if any, in connection with the Contemplated Transactions.
(i) If this Agreement is terminated by the Company pursuant to Section 9.1(e) or Section 9.1(f) and (1) after the date of this Agreement and prior to such termination, an Acquisition Proposal with respect to CGI shall have been publicly announced or disclosed and (2) within 12 months of the date of termination of this Agreement, CGI enters into a definitive agreement with respect to an Acquisition Transaction which Acquisition Transaction is subsequently consummated, CGI shall pay to the Company, within ten Business Days after the receipt by CGI of a written request from Company accompanied with reasonably detailed supporting documents, an amount equal to all reasonable and documented out-of-pocket fees and expenses incurred by the Company in connection with the preparation and negotiation of this Agreement, due diligence efforts by the Company or otherwise in connection with the Merger; provided, however, that the amount payable pursuant to this Section 9.3(b)(i) shall in no event exceed $500,000.
(ii) If this Agreement is terminated by CGI pursuant to Section 9.1(g) and (1) after the date of this Agreement and prior to such termination, an Acquisition Proposal with respect to the Company shall have been publicly announced or disclosed or otherwise communicated to the Company’s Board of Directors or the Company’s shareholders or their representatives and (2) within 12 months of the date of termination of this Agreement, the Company enters into a definitive agreement with respect to an Acquisition Transaction which Acquisition Transaction is subsequently consummated, the Company shall pay to CGI, within ten Business Days after the receipt by the Company of a written request from CGI accompanied with reasonably detailed supporting docume...