Expenses and Fringe Benefits. During the Contract Period, the Executive shall be entitled to reimbursement for all business expenses incurred by him with respect to the business of the Employer in the same manner and to the same extent as such expenses were previously reimbursed to him immediately prior to the Change in Control, PROVIDED, HOWEVER, that if the deduction by Employer for federal income tax purposes of any expense which is incurred by Executive and reimbursed to Executive by Employer is disallowed as a result of not being an ordinary and necessary business expense under the then current version of Section 162 of the Internal Revenue Code, then Executive shall repay the amount of such reimbursed expense to Employer; AND FURTHER PROVIDED that, notwithstanding the foregoing clause of this sentence, Executive shall not be obligated to repay to Employer any business expense incurred by him and reimbursed to him by the Bank the deductibility of which is prohibited or limited by the application of a specific statutory, regulatory or administrative principle, and which would otherwise be deductible to Employer as an ordinary and necessary business expense under the then current version of Section 162 of the Internal Revenue Code. Executive consents to the withholding by Employer of any such amount from that paycheck of Executive which immediately succeeds the final disallowance by the Internal Revenue Service of the deduction of such reimbursed expense, but only if the withholding of such amount would not violate applicable wage and hour laws. If prior to the Change in Control, the Executive was entitled to the use of an automobile, he shall be entitled to the same use of an automobile at least comparable to the automobile provided to him prior to the Change in Control, and he shall be entitled to vacations and sick days, in accordance with the practices and procedures of the Employer, as such existed immediately prior to the Change in Control. During the Contract Period the Executive also shall be entitled to hospital, health, medical and life insurance, and any other benefits enjoyed, from time to time, by executive officers of the Employer, all upon terms as favorable as those enjoyed by other executive officers of the Employer. Notwithstanding anything in this section to the contrary, if Employer adopts any change in the expenses allowed to, or fringe benefits provided for, executive officers of Employer, and such policy is uniformly applied to all executive officers of Employ...
Expenses and Fringe Benefits. During the Contract Period, the Executive shall be entitled to reimbursement for all business expenses incurred by him or her with respect to the business of the Employer in the same manner and to the same extent as such expenses were previously reimbursed to him or her immediately prior to the Change in Control. If prior to the Change in Control, the Executive was entitled to the use of an automobile, he or she shall continue to be entitled to the same use of an automobile at least comparable to the automobile provided to him or her prior to the Change in Control, and he or she shall be entitled to vacation leave and sick days, in accordance with the practices and procedures of the Employer, as such existed immediately prior to the Change in Control. During the Contract Period, the Executive also shall be entitled to hospital, health, medical and life insurance, and any other material benefits enjoyed, from time to time, by executive officers of the Employer, all upon terms as favorable as those enjoyed by other executive officers of the Employer. Notwithstanding anything in this section to the contrary, if the Employer adopts any change in the expenses allowed to, or fringe benefits provided for, executive officers of the Employer, and such policy is uniformly applied to all executive officers of the Employer, and any successor or acquirer of the Employer, if any, including the chief executive officer of such entities, then no such change in policy shall be deemed to be a violation of this provision.
Expenses and Fringe Benefits. During the Contract Period, the Executive shall be entitled to reimbursement for all business expenses incurred by him with respect to the business of Company in the same manner and to the same extent as such expenses were previously reimbursed to him immediately prior to the Change in Control. If prior to the Change in Control, the Executive was entitled to the use of an automobile, he shall be entitled to the same use of an automobile at lease comparable to the automobile provided to him prior to the Change in Control, and shall be entitled to vacations and sick days, in accordance with the practices and procedures of Company, as such existed during Executive’s employment with the BANK immediately prior to the Change in Control. During the Contract Period, the Executive also shall be entitled to hospital, health, medical and life insurance, and any other benefit enjoyed, from time to time, by other executive officers of Company, all upon terms as favorable as those enjoyed by Executive prior to the Change in Control. Notwithstanding anything in this section to the contrary, if Company adopts any change in the expenses allowed to, or fringe benefits provided for, executive officers of Company, and such policy is uniformly applied to all Executive officers of Company, including the Chief Executive Officer of such Company, then no such change shall be deemed to be contrary to this section.
Expenses and Fringe Benefits. The Company shall reimburse the Executive for all ordinary and necessary business expenses incurred by him while carrying out his employment responsibilities under this Agreement. The Executive shall be entitled to participate in such vacation policies, medical, dental, life and disability insurance programs; 401(k), profit sharing and any other retirement plans, and other fringe benefit plans or programs as the Company from time to time shall establish for its senior management and/or other full time employees, provided he is otherwise qualified to participate in such plans or programs. The Company retains the right to establish limits on the types or amounts of business expenses that the Executive may incur and to abolish or alter the terms of any fringe benefit plan or program that it may establish.
Expenses and Fringe Benefits. In addition to the compensation provided under Section 3 above:
(a) Consultant shall be reimbursed for all pre-approved out-of-pocket expenses incurred by him while conducting Company business in accordance with the policies adopted by the Company from time to time for such purpose; and
(b) Consultant shall be entitled to participate in other benefit programs, such as group insurance policies, and medical and health benefits plans, maintained by the Company and offered to other Consultants of similar position under the programs adopted by the Company from time to time for such purpose. The Company reserves the right to modify or terminate any such program or change the terms of eligibility at any time in its discretion to the fullest extent permitted by applicable law.
Expenses and Fringe Benefits. The Employer shall reimburse the Executive for all ordinary and necessary business expenses incurred by him while carrying out his employment responsibilities under this Agreement which are approved by the Employer’s designated representative and are documented in the form required by the Employer. The Executive shall be entitled to participate in such insurance programs, retirement plans and fringe benefit plans or programs as the Employer from time to time shall establish for its full time employees generally, provided he is otherwise qualified to participate in such plan or programs.
Expenses and Fringe Benefits. 9.1 Employer shall also pay or reimburse all expenses reasonably incurred by Employee in discharge or Employee's duties hereunder. Such expenses shall include, without limitation, the following:
(a) Automobile lease expenses of Employee;
(b) Education expenses incurred for the purpose of maintaining or improving Employee's skills;
(c) Expenses for travel, lodging, and related expenses in connection with conventions or meetings, attendance at which is necessary or appropriate in connection with the performance by Employee of his duties required hereunder;
(d) Expenses for meals, entertainment and similar items reasonably incurred by Employee in connection with the business of Employer; and
(e) Such other expenses incurred by the Employee reasonably related to the discharge by Employee of his duties as set forth herein.
9.2 Employer reserves the right to require, as a condition of payment or reimbursement for any item pursuant to Section 9.1, Employee to furnish Employer with reasonable documentation evidencing that the expense has been incurred and the relationship of such item to the business of Employer or the duties of Employee.
9.3 Employer shall provide, for the benefit of Employee and his spouse, standard coverage medical insurance, with additional coverage for dental expenses.
9.4 Notwithstanding any provision herein to the contrary, Employer shall provide the Employee all other Employee fringe benefits which are generally provided for or made available to the employees of Employer.
Expenses and Fringe Benefits. In addition to the compensation provided under Section 3 above:
(a) Employee shall be reimbursed for all pre-approved out-of-pocket expenses incurred by him while conducting Company business in accordance with the policies adopted by the Company from time to time for such purpose; and
(b) Employee shall be entitled to participate in other benefit programs, such as group insurance policies, and medical and health benefits plans, to the extent maintained by the Company and offered to other executive employees under the programs adopted by the Company from time to time for such purpose. Employee shall be entitled to initial paid vacation periods aggregating two (2) weeks per year. The Company reserves the right to modify or terminate any such benefit program or change the terms of eligibility at any time in its discretion to the fullest extent permitted by applicable law.
Expenses and Fringe Benefits. (a) The Employee shall be reimbursed for the reasonable authorized expenses incurred by the Employee in the performance of his duties hereunder.
(b) The Employee shall also be entitled to receive the Fringe Benefits set forth on Exhibit B hereto. The Corporation agrees that, without the Employee's written consent, it will not make any material changes in such benefits which would materially adversely affect the Employee's right to receive or eligibility to participate in such benefit plans or the amounts, timing or terms of such benefits; provided, however, the Corporation shall not be in breach of this provision if it institutes an alternative benefits plan or program with substantially equivalent benefits.
Expenses and Fringe Benefits. Upon presentation by Executive of ---------------------------- documentation, expense statements, vouchers and/or such other supporting information as the Company may reasonably request, the Company shall reimburse Executive for all reasonable travel, entertainment and other expenses incurred or paid by Executive in connection with, or related to, the performance of his duties, responsibilities or services under this Agreement, which are consistent with Company policies and Executive's practices as of the date hereof. Without limiting the foregoing, the Company shall provide Executive with (i) a personal assistant; (ii) an office and office furniture commensurate with his title and position; and (iii) a first rate personal computer for his home and other technological equipment (as is developed from time to time) which Executive reasonably determines can meaningfully assist him in the performance of his duties and tasks hereunder. In addition, at the beginning of the Term and each third year thereafter the Company shall lease for Executive, for his exclusive use, a new automobile reasonably selected by Executive, consistent with its practice as of the date hereof, which automobile shall not cost more than $50,000. In addition to making lease and insurance payments for the automobile, the Company shall reimburse Executive for reasonable and proper maintenance expenses which he incurs for such automobile.
