Common use of Timing of Reimbursements and In-kind Benefits Clause in Contracts

Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under Sections 3(c), 4(d), or 5(f), and such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses reimbursable in any one calendar year shall not affect the amount reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The Executive’s rights to payment or reimbursement of expenses pursuant to Section 3(c) or 4(d) shall expire at the end of two (2) years after the end of the Term, and the Executive’s rights to payment or reimbursement of expenses pursuant to Section 5(f) shall expire at the end of fifteen (15) years after the end of the Term. No right of the Executive to reimbursement of expenses under Sections 3(c), 4(d) or 5(f) shall be subject to liquidation or exchange for another benefit.

Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under Sections 3(c3(e), 4(d4(e), 5(f) or 5(f18(h), and such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses reimbursable in any one calendar year shall not affect the amount reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The Executive’s rights to payment or reimbursement of expenses pursuant to Section 3(c3(e) or 4(d4(e) shall expire at the end of two (2) years after the end of the Term, and the Executive’s rights to payment or reimbursement of expenses pursuant to Section 5(f) or 18(h) shall expire at the end of fifteen (15) 15 years after the end of the Term. No right of the Executive to reimbursement of expenses under Sections 3(c3(e), 4(d4(e), 5(f) or 5(f18(h) shall be subject to liquidation or exchange for another benefit.

Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under Sections 3(c3(d), 4(d4(e), 5(f) or 5(f18(h), and such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses reimbursable in any one calendar year shall not affect the amount reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The Executive’s rights to payment or reimbursement of expenses pursuant to Section 3(c3(d) or 4(d4(e) shall expire at the end of two (2) years after the end of the Term, and the Executive’s rights to payment or reimbursement of expenses pursuant to Section 5(f) or 18(h) shall expire at the end of fifteen (15) 15 years after the end of the Term. No right of the Executive to reimbursement of expenses under Sections 3(c3(d), 4(d4(e), 5(f) or 5(f18(h) shall be subject to liquidation or exchange for another benefit.

Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under Sections 3(c3(g), 4(d4(e), or 5(f), and such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses reimbursable in any one calendar year shall not affect the amount reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The Executive’s rights to payment or reimbursement of expenses pursuant to Section 3(c3(g) or 4(d4(e) shall expire at the end of two (2) years after the end of the Term, and the Executive’s rights to payment or reimbursement of expenses pursuant to Section 5(f) shall expire at the end of fifteen (15) years after the end of the Term. No right of the Executive to reimbursement of expenses under Sections 3(c3(g), 4(d4(e) or 5(f) shall be subject to liquidation or exchange for another benefit.