Financial, Tax and Estate Planning. During the Term of the Executive’s employment, the Company will reimburse the Executive for fees and expenses related to personal financial planning, tax planning and estate planning, an amount not to exceed $10,000.00 for each twelve (12) month period. The Executive shall present invoices for such planning services stated above to the Chairman of the Compensation Committee for approval within thirty (30) days of receipt of invoices for such services. Reimbursement will occur through normal Company procedures, and no later than 2‑1/2 months after the end of the calendar year (or if later, the Company’s tax year) in which the expense is incurred.
Appears in 1 contract
Financial, Tax and Estate Planning. During the Term term of the Executive’s employment, the Company will reimburse the Executive for fees and expenses related to personal financial planning, tax planning and estate planning, an amount not to exceed $10,000.00 for each twelve (12) month period. The Executive shall present invoices for such planning services stated above to the Chairman of the Compensation Committee for approval within thirty (30) days of receipt of invoices for such services. Reimbursement will occur through normal Company procedures, and no later than 2‑1/2 2 1/2 months after the end of the calendar year (or if later, the Company’s tax year) in which the expense is incurred.
Appears in 1 contract
Financial, Tax and Estate Planning. During the Term term of the Executive’s employment, the Company will reimburse the Executive for fees and expenses related to personal financial planning, tax planning and estate planning, an amount not to exceed $10,000.00 for each twelve (12) month period. The Executive shall present invoices for such planning services stated above to the Chairman of the Compensation Committee for approval within thirty (30) days of receipt of invoices for such services. Reimbursement will occur through normal Company procedures, and no later than 2‑1/2 2-1/2 months after the end of the calendar year (or if later, the Company’s tax year) in which the expense is incurred.
Appears in 1 contract
Financial, Tax and Estate Planning. During the Term of the Executive’s employment, the Company will reimburse the Executive for fees and expenses related to personal financial planning, tax planning and estate planning, an amount not to exceed $10,000.00 for each twelve (12) month period. The Executive shall present invoices for such planning services stated above to the Chairman of the Compensation Committee for approval within thirty (30) days of receipt of invoices for such services. Reimbursement will occur through normal Company procedures, and no later than 2‑1/2 2-1/2 months after the end of the calendar year (or if later, the Company’s tax year) in which the expense is incurred.
Appears in 1 contract