GENERAL EXPENSE. REIMBURSEMENTS. The Company will reimburse the Executive for all reasonable business expenses that the Executive incurs in performing the services hereunder pursuant to the Company’s usual expense reimbursement policies and practices, following submission by the Executive of reasonable documentation thereof. All reimbursements provided under this Agreement shall be made in accordance with the requirements of Section 409A (as defined below) to the extent that such reimbursements are subject to Section 409A, including, as applicable, the requirements that (i) any reimbursement is for expenses incurred during the Employment Term, (ii) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible for reimbursement in any other calendar year, (iii) the reimbursement of an eligible expense shall be made on or before the last day of the calendar year following the calendar year in which the expense was incurred, and (iv) the right to reimbursement is not subject to liquidation or exchange for any other benefit.
Appears in 13 contracts
Samples: Executive Employment Agreement (Avadim Health, Inc.), Executive Employment Agreement (Flex Pharma, Inc.), Executive Employment Agreement (Cleveland Biolabs Inc)
GENERAL EXPENSE. REIMBURSEMENTS. The Company will reimburse the Executive for all reasonable business expenses expenses, including travel, computer and cellular phone costs that the Executive incurs in performing the services hereunder pursuant to the Company’s usual expense reimbursement policies and practices, following submission by the Executive of reasonable documentation thereof. All reimbursements provided under this Agreement shall be made in accordance with the requirements of Section 409A (as defined below) to the extent that such reimbursements are subject to Section 409A, including, as applicable, the requirements that (i) any reimbursement is for expenses incurred during the Employment Term, (ii) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible for reimbursement in any other calendar year, (iii) the reimbursement of an eligible expense shall be made on or before the last day of the calendar year following the calendar year in which the expense was incurred, and (iv) the right to reimbursement is not subject to liquidation or exchange for any other benefit.
Appears in 6 contracts
Samples: Employment Agreement (Synthetic Biologics, Inc.), Employment Agreement (Synthetic Biologics, Inc.), Employment Agreement (Synthetic Biologics, Inc.)
GENERAL EXPENSE. REIMBURSEMENTS. The Company will reimburse the Executive for all reasonable business expenses expenses, including travel, computer and cellular phone costs that the Executive incurs in performing the services hereunder pursuant to the Company’s usual expense reimbursement policies and practices, following submission by the Executive of reasonable documentation thereof. All reimbursements provided under this Agreement shall be made in accordance with the requirements of Section 409A (as defined below) to the extent that such reimbursements are subject to Section 409A, including, as applicable, the requirements that that: (i) any reimbursement is for expenses incurred during the Employment Term, ; (ii) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible for reimbursement in any other calendar year, ; (iii) the reimbursement of an eligible expense shall be made on or before the last day of the calendar year following the calendar year in which the expense was incurred, ; and (iv) the right to reimbursement is not subject to liquidation or exchange for any other benefit.
Appears in 2 contracts
Samples: Employment Agreement (Synthetic Biologics, Inc.), Employment Agreement (Synthetic Biologics, Inc.)
GENERAL EXPENSE. REIMBURSEMENTS. The Company will reimburse the Executive for all usual, reasonable and necessary business expenses expenses, including travel, computer and cellular phone costs that the Executive incurs in performing the services hereunder pursuant to the Company’s usual expense reimbursement policies and practices, following submission by the Executive of reasonable documentation thereof. All reimbursements provided under this Agreement shall be made in accordance with the requirements of Section 409A (as defined below) to the extent that such reimbursements are subject to Section 409A, including, as applicable, the requirements that that: (i) any reimbursement is for expenses incurred during the Employment Term, ; (ii) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible for reimbursement in any other calendar year, ; (iii) the reimbursement of an eligible expense shall be made on or before the last day of the calendar year following the calendar year in which the expense was incurred, ; and (iv) the right to reimbursement is not subject to liquidation or exchange for any other benefit.
Appears in 1 contract
Samples: Employment Agreement (Innovative Payment Solutions, Inc.)
GENERAL EXPENSE. REIMBURSEMENTS. The Company will reimburse the Executive for all usual, reasonable and necessary business expenses expenses, including travel, computer and cellular phone costs that the Executive incurs in performing the services hereunder pursuant to the Company’s usual expense reimbursement policies and practices, following submission by the Executive of reasonable documentation thereof. . All reimbursements provided under this Agreement shall be made in accordance with the requirements of Section 409A (as defined below) to the extent that such reimbursements are subject to Section 409A, including, as applicable, the requirements that that: (i) any reimbursement is for expenses incurred during the Employment Term, ; (ii) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible for reimbursement in any other calendar year, ; (iii) the reimbursement of an eligible expense shall be made on or before the last day of the calendar year following the calendar year in which the expense was incurred, ; and (iv) the right to reimbursement is not subject to liquidation or exchange for any other benefit.
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