Common use of Host Account Clause in Contracts

Host Account. The appointee shall have the use of an annual host account of $5,000.00 per fiscal year only while serving as the President. The host account for partial fiscal years of service as the President will be prorated. Expenditures from the host account must conform to policies established by the Board of Regents and the Chancellor. Host account funds may be used to pay for transportation, lodging, and meal expenses (in accordance with the standard state reimbursement rates) of appointee’s spouse, companion or domestic partner when appointee’s spouse, companion or domestic partner is expected to accompany appointee to events outside the fifty-mile radius from home for the purpose of assisting appointee in representing the Institution. Out-of-state travel by appointee’s spouse, companion or domestic partner will require prior approval by the Chancellor.

Host Account. The appointee shall have the use of an annual host account of five thousand dollars ($5,000.00 5,000.00) per fiscal year only while serving as the President. The host account for partial fiscal years of service as the President will be prorated. Expenditures from the host account must conform to policies established by the Board of Regents and the Chancellor. Host account funds may be used to pay for transportation, lodging, and meal expenses (in accordance with the standard state reimbursement rates) of appointee’s spouse, companion or domestic partner when appointee’s spouse, companion or domestic partner is expected to accompany appointee to events outside the fifty-mile radius from home for the purpose of assisting appointee in representing the Institution. Out-of-state travel by appointee’s spouse, companion or domestic partner will require prior approval by the Chancellor.