Common use of Reimbursement of Expenses; In-Kind Benefits Clause in Contracts

Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements described in this Agreement must be incurred by the Executive during the Term of this Agreement to be eligible for reimbursement. Any in-kind benefits provided by the Employer must be provided during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement nor in-kind benefits are subject to liquidation or exchanges for other benefits.

Appears in 12 contracts

Samples: Employment Agreement (Oconee Financial Corp), Employment Agreement (TC Bancshares, Inc.), Employment Agreement (First Security Group Inc/Tn)

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Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements described in this Agreement must be incurred by the Executive during the Term of this Agreement to be eligible for reimbursement. Any All in-kind benefits described in this Section 3 must be provided by the Employer must be provided during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement nor in-kind benefits are subject to liquidation or exchanges for other benefits.

Appears in 9 contracts

Samples: Employment Agreement (Coastal Banking Co Inc), Employment Agreement (Coastal Banking Co Inc), Employment Agreement (Coastal Banking Co Inc)

Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements described in this Agreement must be incurred by the Executive during the Term of this Agreement to be eligible for reimbursement. Any All in-kind benefits described in this Section 3 must be provided by the Employer must be provided during the Term of this AgreementTerm. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement nor in-kind benefits are subject to liquidation or exchanges for other benefits.

Appears in 6 contracts

Samples: Employment Agreement (Nicolet Bankshares Inc), Employment Agreement (Nicolet Bankshares Inc), Employment Agreement (Nicolet Bankshares Inc)

Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements reimbursement described in this Agreement must be incurred by the Executive Employee during the Term of this Agreement to be eligible for reimbursement. Any in-kind benefits provided by the Employer must be provided during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement nor in-kind benefits are shall be subject to liquidation or exchanges exchange for other benefits.

Appears in 6 contracts

Samples: Employment Agreement (Smartfinancial Inc.), Employment Agreement (Smartfinancial Inc.), Employment Agreement (Smartfinancial Inc.)

Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements described in reimbursement under this Agreement must be incurred by the Executive during the Term of this Agreement to be eligible for reimbursement. Any All in-kind benefits described in this Agreement must be provided by the Employer must be provided Bank during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement All reimbursements shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights Such right to reimbursement nor or in-kind benefits are not subject to liquidation or exchanges exchange for other benefitsanother benefit.

Appears in 5 contracts

Samples: Employment Agreement (Nicolet Bankshares Inc), Employment Agreement (Nicolet Bankshares Inc), Employment Agreement (Nicolet Bankshares Inc)

Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements reimbursement described in this Agreement must be incurred by the Executive during the Term of this Agreement to be eligible for reimbursement. Any in-kind benefits provided by the Employer must be provided during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement reimbursement, nor in-kind benefits are benefits, shall be subject to liquidation or exchanges exchange for other benefits.

Appears in 5 contracts

Samples: Employment Agreement (Smartfinancial Inc.), Employment Agreement (Smartfinancial Inc.), Employment Agreement (Reliant Bancorp, Inc.)

Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements reimbursement described in this Agreement must be incurred by the Executive during the Term of this Agreement to be eligible for reimbursement. Any in-kind benefits provided by the Employer must be provided during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement reimbursement, nor in-kind benefits are benefits, shall be subject to liquidation or exchanges for other benefits.

Appears in 5 contracts

Samples: Employment Agreement (Commerce Union Bancshares, Inc.), Employment Agreement (Commerce Union Bancshares, Inc.), Employment Agreement (Commerce Union Bancshares, Inc.)

Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements described in this Agreement must be incurred by the Executive during the Term of this Agreement to be eligible for reimbursement. Any All in-kind benefits provided by the Employer described in this Section 3 must be provided by Park Sterling during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement nor in-kind benefits are subject to liquidation or exchanges for other benefits.

Appears in 4 contracts

Samples: Employment Agreement (Park Sterling Corp), Employment Agreement (Park Sterling Corp), Employment Agreement (Park Sterling Corp)

Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements reimbursement described in this Agreement must be incurred by the Executive Employee during the Term of this Agreement to be eligible for reimbursement. Any in-kind benefits provided by the Employer Bank must be provided during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement nor in-kind benefits are shall be subject to liquidation or exchanges exchange for other benefits.

Appears in 4 contracts

Samples: Employment Agreement (Smartfinancial Inc.), Employment Agreement (Smartfinancial Inc.), Employment Agreement (Cornerstone Bancshares Inc)

Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements described in this Agreement as eligible for reimbursement must be incurred by the Executive during the Term of this Agreement to be eligible for reimbursement. Any in-kind benefits provided by the Employer must be provided during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement reimbursement, nor in-kind benefits are benefits, shall be subject to liquidation or exchanges exchange for other benefits.

Appears in 4 contracts

Samples: Employment Agreement (Reliant Bancorp, Inc.), Employment Agreement (Reliant Bancorp, Inc.), Employment Agreement (Smartfinancial Inc.)

Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements described in this Agreement as eligible for reimbursement must be incurred by the Executive during the Term of this Agreement to be eligible for reimbursement. Any in-kind benefits provided by the Employer must be provided during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement nor in-kind benefits are shall be subject to liquidation or exchanges exchange for other benefits.

Appears in 3 contracts

Samples: Employment Agreement (Reliant Bancorp, Inc.), Employment Agreement (Reliant Bancorp, Inc.), Employment Agreement (Reliant Bancorp, Inc.)

Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements described in reimbursement under this Agreement must be incurred by the Executive during the Term of this Agreement to be eligible for reimbursement. Any All in-kind benefits described in this Agreement must be provided by the Employer must be provided during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement All reimbursements shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights Such right to reimbursement nor or in-kind benefits are not subject to liquidation or exchanges exchange for other benefitsanother benefit.

Appears in 3 contracts

Samples: Employment Agreement (Nicolet Bankshares Inc), Employment Agreement (Nicolet Bankshares Inc), Employment Agreement (Nicolet Bankshares Inc)

Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements described in this Agreement must be incurred by the Executive during the Term of this Agreement to be eligible for reimbursement. Any in-kind benefits provided by the Employer Bank must be provided during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement nor in-kind benefits are subject to liquidation or exchanges for other benefits.

Appears in 3 contracts

Samples: Key Officer Compensation Agreement (Southeastern Bank Financial CORP), Employment Agreement (Southeastern Bank Financial CORP), Key Officer Compensation Agreement (Southeastern Bank Financial CORP)

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Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements reimbursement described in this Agreement must be incurred by the Executive during the Term of this Agreement to be eligible for reimbursement. Any in-kind benefits provided by the Employer Bank must be provided during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement reimbursement, nor in-kind benefits are benefits, shall be subject to liquidation or exchanges exchange for other benefits.

Appears in 3 contracts

Samples: Employment Agreement (Reliant Bancorp, Inc.), Employment Agreement (Reliant Bancorp, Inc.), Employment Agreement (Reliant Bancorp, Inc.)

Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements described in this Agreement as eligible for reimbursement must be incurred by the Executive Employee during the Term of this Agreement to be eligible for reimbursement. Any in-kind benefits provided by the Employer must be provided during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement reimbursement, nor in-kind benefits are benefits, shall be subject to liquidation or exchanges exchange for other benefits.

Appears in 1 contract

Samples: Employment Agreement (Reliant Bancorp, Inc.)

Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements described in reimbursement under this Agreement must be incurred by the Executive during the Term of this Agreement to be eligible for reimbursement. Any All in-kind benefits provided by the Employer described in this Agreement must be provided by Employer during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement All reimbursements shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights Such right to reimbursement nor or in-kind benefits are not subject to liquidation or exchanges exchange for other benefitsanother benefit.

Appears in 1 contract

Samples: Employment Agreement (Nicolet Bankshares Inc)

Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements reimbursement described in this Agreement must be incurred by the Executive Employee during the Term of this Agreement to be eligible for reimbursement. Any in-kind benefits provided by the Employer Bank must be provided during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement reimbursement, nor in-kind benefits are benefits, shall be subject to liquidation or exchanges exchange for other benefits.

Appears in 1 contract

Samples: Employment Agreement (Smartfinancial Inc.)

Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements reimbursement described in this Agreement must be incurred by the Executive Employee during the Term of this Agreement to be eligible for reimbursement. Any in-kind benefits provided by the Employer Company must be provided during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement nor in-kind benefits are shall be subject to liquidation or exchanges exchange for other benefits.

Appears in 1 contract

Samples: Employment Agreement (Cornerstone Bancshares Inc)

Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements reimbursement described in this Agreement must be incurred by the Executive during the Term of this Agreement to be eligible for reimbursement. Any in-kind benefits provided by the Employer Company must be provided during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement reimbursement, nor in-kind benefits are benefits, shall be subject to liquidation or exchanges exchange for other benefits.

Appears in 1 contract

Samples: Employment Agreement (Reliant Bancorp, Inc.)

Reimbursement of Expenses; In-Kind Benefits. All expenses eligible for reimbursements reimbursement described in this Agreement must be incurred by the Executive Employee during the Term of this Agreement to be eligible for reimbursement. Any in-kind benefits provided by the Employer must be provided during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement reimbursement, nor in-kind benefits are benefits, shall be subject to liquidation or exchanges exchange for other benefits.

Appears in 1 contract

Samples: Employment Agreement (Reliant Bancorp, Inc.)

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