Common use of NO REIMBURSEMENT OF EXPENSES Clause in Contracts

NO REIMBURSEMENT OF EXPENSES. 5.1 The parties agree that the Compensation hereunder shall be inclusive of any and all fees or expenses incurred by Consultant on Consultant’s own behalf pursuant to this Agreement including but not limited to the costs of rendering the Services. Notwithstanding the foregoing, Company shall reimburse Consultant for any bona fide expenses incurred by Consultant on behalf of Company in connection with the provision of the Services provided that Consultant submits to Company an itemized written account of such expenses and corresponding receipts of purchase in a form acceptable to Company within 10 days after Consultant incurs such expenses. However, Company shall have no obligation to reimburse Executive for any single expense in excess of CDN$500 or CDN $3,000.00 in the aggregate without the express prior written approval of the Board of Directors.