Common use of Reimbursements for Travel Expenses Clause in Contracts

Reimbursements for Travel Expenses. 3.1. The Audit Committee Member may use his/her own car to perform the function. In this case the Audit Committee Member shall be reimbursed for travel expenses incurred thereby at the amount set by the Act No. 262/2006 Coll., the Labour Code, in the valid wording thereof, and by the Act No. 586/1992 Coll., on income tax, in the valid wording thereof. 3.2. In the event of business trips related to the performance of the function, the Audit Committee Member shall be entitled to subsistence allowance at the amount set by the Labour Code, to reimbursement for other expenses related to the business trip (above all payment of accommodation costs) at the proven amount, and insurance premiums, as well as to a business class air ticket and, in the event of foreign business trips, to spending money at the maximum amount set by the Labour Code.