Common use of Reimbursement of Business and Other Expenses: Perquisites; Vacations Clause in Contracts

Reimbursement of Business and Other Expenses: Perquisites; Vacations. (a) The Executive is authorized to incur reasonable expenses in carrying out his duties and responsibilities under this Agreement and the Company shall promptly reimburse him for all reasonable business expenses incurred in connection with carrying out the business of the Company and its affiliates, subject to documentation in accordance with the Company's policy. (b) During the Term of Employment, the Company shall reimburse the Executive for reasonable personal financial (including tax) counseling (other than legal fees) by a firm or consultant to be chosen by the Executive, such reimbursement to be no more than the amount authorized under Company policy in effect from time to time. (c) During the Term of Employment, the Executive shall be entitled to four weeks' paid vacation per year.

Appears in 5 contracts

Samples: Employment Agreement (Kmart Holding Corp), Employment Agreement (Kmart Holding Corp), Employment Agreement (Kmart Holding Corp)

AutoNDA by SimpleDocs

Reimbursement of Business and Other Expenses: Perquisites; Vacations. (a) The Executive is authorized to incur reasonable expenses in carrying out his her duties and responsibilities under this Agreement and the Company shall promptly reimburse him her for all reasonable business expenses incurred in connection with carrying out the business of the Company and its affiliates, subject to documentation in accordance with the Company's policy. (b) During the Term of Employment, the Company shall reimburse the Executive for reasonable personal financial (including tax) counseling (other than legal fees) by a firm or consultant to be chosen by the Executive, such reimbursement to be no more than the amount authorized under Company policy in effect from time to time. (c) During the Term of Employment, the Executive shall be entitled to four weeks' paid vacation per year.

Appears in 2 contracts

Samples: Employment Agreement (Kmart Holding Corp), Employment Agreement (Kmart Holding Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!