Common use of Memberships Clause in Contracts

Memberships. The Employer shall reimburse the Employee for the annual dues associated with membership in two country or eating clubs selected by the Employee; provided, however, that the aggregate annual dues for such memberships shall not exceed five percent (5%) of the Employee's Base Salary then in effect, and for memberships in such professional associations which are commensurate with the Employee's position; provided, however, that the Employee shall, as a condition of reimbursement, submit verification of the nature and amount of such expenses in accordance with reimbursement policies from time to time adopted by the Employer and in sufficient detail to comply with rules and regulations promulgated by the Internal Revenue Service.

Appears in 4 contracts

Samples: Employment Agreement (Flag Financial Corp), Employment Agreement (Flag Financial Corp), Employment Agreement (Flag Financial Corp)

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Memberships. The Employer shall reimburse the Employee for the ----------- annual dues associated with membership in two country or eating clubs selected by the Employee; provided, however, that the aggregate annual dues for such memberships shall not exceed five percent (5%) of the Employee's Base Salary then in effect, and for memberships in such professional associations which are commensurate with the Employee's position; provided, however, that the Employee shall, as a condition of reimbursement, submit verification of the nature and amount of such expenses in accordance with reimbursement policies from time to time adopted by the Employer and in sufficient detail to comply with rules and regulations promulgated by the Internal Revenue Service.

Appears in 2 contracts

Samples: Employment Agreement (Flag Financial Corp), Employment Agreement (Flag Financial Corp)

Memberships. The Employer shall reimburse the Employee for the annual dues associated with membership in two one country or eating clubs club selected by the Employee; provided, however, that the aggregate annual dues for such memberships shall not exceed five percent (5%) of the Employee's Base Salary then in effect, and for memberships in such professional associations which are commensurate with the Employee's position; provided, however, that the Employee shall, as a condition of reimbursement, submit verification of the nature and amount of such expenses in accordance with reimbursement policies from time to time adopted by the Employer and in sufficient detail to comply with rules and regulations promulgated by the Internal Revenue Service.

Appears in 1 contract

Samples: Employment Agreement (Flag Financial Corp)

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Memberships. The Employer shall reimburse the Employee for the ----------- annual dues associated with membership in two one country or eating clubs club selected by the Employee; provided, however, that the aggregate annual dues for such memberships shall not exceed five percent (5%) of the Employee's Base Salary then in effect, and for memberships in such professional associations which are commensurate with the Employee's position; provided, however, that the Employee shall, as a condition of reimbursement, submit verification of the nature and amount of such expenses in accordance with reimbursement policies from time to time adopted by the Employer and in sufficient detail to comply with rules and regulations promulgated by the Internal Revenue Service.

Appears in 1 contract

Samples: Employment Agreement (Flag Financial Corp)

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