Reimbursement of Company Business Expenses. Company shall within ninety (90) days of its receipt from Executive of supporting receipts, to the extent required by applicable income tax regulations and Company’s reimbursement policies, reimburse Executive for all out-of-pocket business expenses reasonably and actually incurred by Executive in connection with his employment hereunder and consistent with Company policies (the “Business Expenses”). Board approval shall be required for any single expense exceeding $10,000 or for expenses exceeding in the aggregate annually $10,000. Reimbursement of any and all Business Expenses is conditioned on Executive submitting his request to Company for reimbursement and supporting substantiation within thirty (30) days of the date on which any such expenses shall have been incurred.
Appears in 5 contracts
Samples: Senior Executive Employment Agreement (VIASPACE Green Energy Inc.), Employment Agreement (VIASPACE Inc.), Senior Executive Employment Agreement (VIASPACE Green Energy Inc.)
Reimbursement of Company Business Expenses. Company shall within ninety thirty (9030) days of its receipt from Executive Employee of supporting receipts, to the extent required by applicable income tax regulations and Company’s reimbursement policies, reimburse Executive Employee for all out-of-pocket business expenses reasonably and actually incurred by Executive Employee in connection with his employment hereunder and consistent with Company policies (the “Business Expenses”)employment. Advance Board approval shall be required for any single expense exceeding $10,000 or for expenses exceeding in the aggregate annually $10,000120,000. Reimbursement of any and all Business Expenses is conditioned on Executive Employee submitting his request to Company for reimbursement and supporting substantiation within thirty ninety (3090) days of the date on which any such expenses shall have been incurred.
Appears in 1 contract
Samples: Employment Agreement (VIASPACE Inc.)
Reimbursement of Company Business Expenses. Company shall within ninety (90) days of its receipt from Executive of supporting receipts, to the extent required by applicable income tax regulations and Company’s reimbursement policies, reimburse Executive for all out-of-pocket business expenses reasonably and actually incurred by Executive in connection with his employment hereunder and consistent with Company policies (the “Business Expenses”). Board approval shall be required for any single expense exceeding $10,000 or for expenses exceeding in the aggregate annually $10,000[ ]. Reimbursement of any and all Business Expenses is conditioned on Executive submitting his request to Company for reimbursement and supporting substantiation within [thirty (30) )] days of the date on which any such expenses shall have been incurred.
Appears in 1 contract
Samples: Employment Agreement (VIASPACE Inc.)