Common use of Timing of Payments and Reimbursements Clause in Contracts

Timing of Payments and Reimbursements. Any payments or reimbursements under Section 3(f) shall be made within fifteen (15) days after the proper presentation by the Executive of such expense statements or other supporting information. Any such payments or reimbursements or other reimbursements to which the Executive may become eligible shall (i) be made no later than the last day of the calendar year following the calendar year in which the expenses were incurred (and only to the extent that the expense reimbursement was properly submitted as provided for herein), (ii) not affect any expenses eligible for direct payment or reimbursement in any other calendar year, and (iii) not be liquidated or exchanged for any other benefit.

Appears in 3 contracts

Samples: Executive Employment Agreement (Myriant Corp), Executive Employment Agreement (Myriant Corp), Executive Employment Agreement (Myriant Corp)

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Timing of Payments and Reimbursements. Any payments or reimbursements under Section 3(f), Section 3(g) or Section 3(h) above shall be made within fifteen (15) days after the proper presentation by the Executive of such expense statements or other supporting information. Any such payments or reimbursements or other reimbursements to which the Executive may become eligible shall (i) be made no later than the last day of the calendar year following the calendar year in which the expenses were incurred (and only to the extent that the expense reimbursement was properly submitted as provided for herein), (ii) not affect any expenses eligible for direct payment or reimbursement in any other calendar year, and (iii) not be liquidated or exchanged for any other benefit.

Appears in 1 contract

Samples: Executive Employment Agreement (Myriant Corp)

Timing of Payments and Reimbursements. Any payments or reimbursements under Section 3(f) shall be made within fifteen (15) days after the proper presentation by the Executive of such expense statements or other supporting support information. Any such payments or reimbursements or other reimbursements to which the Executive may become eligible shall (i) be made no later than the last day of the calendar year following the calendar year in which the expenses were incurred (and only to the extent that the expense reimbursement was properly submitted as provided for herein), (ii) not affect any expenses eligible for direct payment or reimbursement in any other calendar year, and (iii) not be liquidated or exchanged for any other benefit.

Appears in 1 contract

Samples: Executive Employment Agreement (Myriant Corp)

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Timing of Payments and Reimbursements. Any payments or reimbursements under Section 3(f) above shall be made within fifteen (15) days after the proper presentation by the Executive of such expense statements or other supporting information. Any such payments or reimbursements or other reimbursements to which the Executive may become eligible shall (i) be made no later than the last day of the calendar year following the calendar year in which the expenses were incurred (and only to the extent that the expense reimbursement was properly submitted as provided for herein), (ii) not affect any expenses eligible for direct payment or reimbursement in any other calendar year, and (iii) not be liquidated or exchanged for any other benefit.

Appears in 1 contract

Samples: Executive Employment Agreement (Myriant Corp)

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