Common use of Personal Expense Allowance Clause in Contracts

Personal Expense Allowance. In addition to the reimbursement to by Employer to Principal of expenses as described in Section 4.2 above, Employer agrees to pay to Principal a personal expense allowance of not greater than $2,000 USD per month provided that Principal gives Employer a written accounting of the expenses incurred. In addition, Employer agrees to pay for any club fees and dues in respect of health and sport clubs, entertainment centers, and the like that Principal is a member or otherwise utilizes.