Common use of Reimbursement for Business Expenses Clause in Contracts

Reimbursement for Business Expenses. Executive shall be entitled to reimbursement by the Company for any ordinary and necessary business expenses incurred by Executive in the performance of Executive’s duties and in acting for the Company during the Term, which types of expenditures shall be determined by the Board of Directors, provided that: (a) Each such expenditure is of a nature qualifying it as a proper deduction on the federal and state income tax returns of the Company as a business expense and not as deductible compensation to Executive; and (b) Executive furnishes to the Company adequate records and other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of such expenditures as deductible business expenses of the Company and not as deductible compensation to Executive.

Reimbursement for Business Expenses. Executive shall be entitled to reimbursement by the Company Bank for any ordinary and necessary business expenses incurred by Executive in the performance of Executive’s 's duties and in acting for the Company Bank during the Term, which types type of expenditures shall be determined by the Board of Directors, provided that: (a) Each such expenditure is of a nature qualifying it as a proper deduction on the federal and state income tax returns of the Company Bank as a business expense and not as deductible compensation to Executive; and (b) Executive furnishes to the Company Bank adequate records and other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of such expenditures as deductible business expenses of the Company Bank and not as deductible deductible-compensation to Executive.

Reimbursement for Business Expenses. Executive shall be entitled to reimbursement by the Company FDSI for any ordinary and necessary business expenses incurred by Executive in the performance of Executive’s 's duties and in acting for the Company FDSI during the Term, which types of expenditures shall be determined by the Board of Directors, provided that: (a) 1. Each such expenditure expenditures is of a nature qualifying it as a proper deduction on the federal Federal and state State income tax returns of the Company FDSI as a business expense and not as a deductible compensation to Executive; and (b) 2. Executive furnishes to the Company FDSI adequate records and other documentary evidence required by federal Federal and state statutes State statues and regulations issued by the appropriate taxing authorities for the substantiation of such expenditures as deductible business expenses expense of the Company FDSI and not as deductible compensation to Executive.

Reimbursement for Business Expenses. Executive shall be entitled to reimbursement by the Company Bank for any ordinary and necessary business expenses incurred by Executive in the performance of Executive’s duties and in acting for the Company Bank during the Term, which types of expenditures shall be determined by the Board of DirectorsDirectors of the Bank, provided Provided that: (a) Each such expenditure is of a nature qualifying it as a proper deduction on the federal and state income tax returns of the Company Bank as a business expense and not as deductible compensation to Executive; and (b) Executive furnishes to the Company Bank adequate records record and other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of such expenditures as deductible business expenses of the Company Bank and not as deductible compensation to Executive.

Reimbursement for Business Expenses. Executive shall be entitled to reimbursement by the Company Bank for any ordinary and necessary business expenses incurred by Executive in the performance of Executive’s 's duties and in acting for the Company Bank during the Term, which types of expenditures shall be determined by the Board of Directors, provided that: (a) Each such expenditure is of a nature qualifying it as a proper deduction on the federal and state income tax returns of the Company Bank as a business expense and not as a deductible compensation to Executive; and (b) Executive furnishes to the Company Bank adequate records and other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of such expenditures as deductible business expenses of the Company Bank and not as deductible compensation to Executive.

Reimbursement for Business Expenses. Executive shall be entitled to reimbursement by the Company Bank for any ordinary and necessary business expenses incurred by Executive in the performance of Executive’s 's duties and in acting for the Company Bank during the Term, which types of expenditures shall be determined by the Board of Directors, provided Provided that: (a) Each such expenditure is of a nature qualifying it as a proper deduction on the federal and state income tax returns of the Company Bank as a business expense and not as deductible compensation to Executive; and (b) Executive furnishes to the Company Bank adequate records and other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of such expenditures as deductible business expenses of the Company Bank and not as deductible compensation to Executive.

Reimbursement for Business Expenses. Executive shall be entitled to reimbursement by the Company Bank for any ordinary and necessary business expenses incurred by Executive in the performance of Executive’s duties and in acting for the Company Bank during the Term, which types of expenditures shall be determined by the Board of Directors, provided that: (a) Each such expenditure is of a nature qualifying it as a proper deduction on the federal and state income tax returns of the Company Bank as a business expense and not as deductible compensation to Executive; and (b) Executive furnishes to the Company Bank adequate records and other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of such expenditures as deductible business expenses of the Company Bank and not as deductible compensation to Executive.

Reimbursement for Business Expenses. Executive shall be entitled to reimbursement by the Company Bank for any ordinary and necessary business expenses incurred by Executive in the performance of Executive’s 's duties and in acting for the Company Bank during the Term, which types of expenditures shall be determined by the Board of Directors, provided that:: ( (aa.) Each such expenditure is of a nature qualifying it as a proper deduction on the federal and state income tax returns of the Company Bank as a business expense and not as deductible compensation to the Executive; and and (b) Executive furnishes to the Company Bank adequate records and other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of such expenditures as deductible business expenses of the Company Bank and not as deductible compensation to Executive.

Reimbursement for Business Expenses. Executive shall be entitled to reimbursement by the Company Bank for any ordinary and necessary business expenses incurred by Executive in the performance of Executive’s 's duties and in acting for the Company Bank during the Term, which types of expenditures shall be determined by the Board of Directors, provided that: (a) Each such expenditure is of a nature qualifying it as a proper deduction on the federal and state income tax returns of the Company Bank as a business expense and not as deductible compensation to Executive; and (b) Executive furnishes to the Company Bank adequate records and other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of such expenditures as deductible business expenses of the Company Bank and not as deductible compensation to Executive.

Reimbursement for Business Expenses. Executive shall be entitled to reimbursement by the Company Bank for any ordinary and necessary business expenses incurred by Executive in the performance of Executive’s duties and in acting for the Company Bank during the Term, which types of expenditures shall be determined by the Board of Directors, provided that: (a) 1. Each such expenditure is of a nature qualifying it as a proper deduction on the federal and state income tax returns of the Company Bank as a business expense (without regard to limitations such as meals) and not as a deductible compensation to Executive; and (b) 2. Executive furnishes to the Company Bank adequate records and other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of such expenditures as deductible business expenses of the Company Bank and not as deductible compensation to Executive.