Common use of Travel and Expenses Clause in Contracts

Travel and Expenses. The Company shall reimburse Executive for the reasonable and necessary business expenses incurred by him in connection with the performance of his duties and obligations as set forth herein consistent with any existent Company policy with respect to same. Reimbursement shall be made upon the presentation by Executive to the Company of reasonably detailed statements of such expenses. Payment of the Base Salary shall not in any way limit or reduce any other obligation of the Company pursuant to this Agreement, and no other compensation, benefit, or payment hereunder shall in any way limit or reduce the obligation of the Company to pay Executive's Base Salary, except that, for the period commencing on the date Executive becomes Disabled and ending on the Termination Date, the Base Salary shall be reduced by any amounts that are payable to Executive prior to or during such period under any disability benefit plan of the Company in which Executive participates.