Common use of Use of Credit Card Clause in Contracts

Use of Credit Card. All business expenses reasonably incurred by Employee in promoting the business of Employer, including expenditures for entertainment, gifts, and travel, are to be paid for, insofar as possible, by the use of credit cards in the name of Employer which will be furnished to Employee. Such expenditures shall not exceed the amount of ten thousand dollars ($10,000) in any one month without the specific approval of Employer’s Board of Directors.

Use of Credit Card. All business expenses reasonably incurred by Employee in promoting the business of Employer, including expenditures for entertainment, gifts, and travel, are to be paid for, insofar as possible, by the use of credit cards in the name of Employer which will be furnished to Employee. Such expenditures Expenses will be subject to the approval of the Chairman, which shall not exceed the amount of ten thousand dollars ($10,000) in any one month without the specific approval of Employer’s Board of Directorsbe unreasonably withheld.