Travel and Entertainment Expenses. During the term of Employee's employment, Employer shall reimburse Employee for reasonable out of pocket expenses incurred in connection with Employer's business, including travel expenses, food and lodging while away from his home, subject to such policies as Employer may from time to time establish for its employees. Employee shall keep records of his travel and entertainment expenses in a form suitable to the Internal Revenue Service and the Franchise Tax Board to qualify this reimbursement as a federal and state income tax deduction for Employer.
Appears in 2 contracts
Samples: Employment Agreement (Farmers & Merchants Bancorp), Employment Agreement (Farmers & Merchants Bancorp)
Travel and Entertainment Expenses. During the term of Employee's employment, Employer shall reimburse Employee for reasonable out of pocket expenses incurred in connection with Employer's business, including travel expenses, food and lodging while away from his her home, subject to such policies as Employer may from time to time establish for its employees. Employee shall keep records of his her travel and entertainment expenses in a form suitable to the Internal Revenue Service and the Franchise Tax Board to qualify this reimbursement as a federal and state income tax deduction for Employer.
Appears in 1 contract
Travel and Entertainment Expenses. During the term of Employee's ------------------------------------------------ employment, Employer shall reimburse Employee for reasonable out of pocket expenses incurred in connection with Employer's business, including travel expenses, food and lodging while away from his home, subject to such policies as Employer may from time to time establish for its employees. Employee shall keep records of his travel and entertainment entertainments expenses in a form suitable to the Internal Revenue Service and the Franchise Tax Board to qualify this reimbursement as a federal and state income tax deduction for Employer.
Appears in 1 contract