Expenses and Reimbursement Clause Samples
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Expenses and Reimbursement. The Legal Services expenses (the "Legal Services Expenses") for which Van Kampen may be reimbursed are salary and salary related ▇▇▇▇▇▇▇▇, including but not limited to bonuses, group insurance and other regular wages paid to the personnel of the Legal Services Group. Each member of the Legal Services Group will complete as of the last business day of each month, a time allocation sheet indicating the monthly time spent (reflected as a percentage) on matters relating to the Funds, on matters relating to other funds for which Van Kampen or its subsidiaries act as investment adviser and ▇▇▇▇▇▇▇utor ("Van Kampen Non-Participating Funds") and for other matters. ▇▇▇ ▇▇▇▇egate of time spent on matters for the Funds and Van Kampen Non-Participating Funds is referred to herein a▇ ▇▇▇ "▇▇▇▇ Percentage". Each member's Fund Percentage shall be multiplied by each member's individual Legal Service Expense; the resulting product for each member shall then be aggregated to arrive at the Legal Services Expenses that can be allocated as set forth in Paragraph 4 ("Allocable Legal Services Expenses"). The Legal Services Expenses will be paid by Van Kampen (or the affiliate of Van Kampen employing such Legal ▇▇▇▇ices Group persons) an▇ ▇▇▇▇ ▇▇▇tion of such Legal Services Expenses allocated to the Funds as set forth in Paragraph 4 shall be reimbursed by the Funds. Van Kampen will tender to each Fund a monthly invoice with▇▇ ▇▇▇▇ ▇▇siness days of the last business day of each month which shall certify the total Legal Service Expenses expended and allocated to such Fund. Except as provided herein, Van Kampen will receive no other compensation in connectio▇ ▇▇▇▇ ▇▇▇al Services rendered in accordance with this Agreement, and Van Kampen and its affiliates will be responsible for all ▇▇▇▇▇ ▇▇▇▇nses relating to the providing of Legal Services.
Expenses and Reimbursement. The Legal Services expenses (the "Legal Services Expenses") for which Van ▇▇▇▇▇▇ ▇▇▇ be reimbursed are salary and salary related benefits, including but not limited to bonuses, group insurance and other regular wages paid to the personnel of the Legal Services Group, as well as overhead and expenses related to office space and necessary equipment. The Legal Services Expenses will be paid by Van ▇▇▇▇▇▇ ▇▇▇ reimbursed by the Funds. Van ▇▇▇▇▇▇ ▇▇▇l tender to each Fund a monthly invoice as of the last business day of each month which shall certify the total Legal Service Expenses expended. Except as provided herein, Van ▇▇▇▇▇▇ ▇▇▇l receive no other compensation in connection with Legal Services rendered in accordance with this Agreement, and Van ▇▇▇▇▇▇ ▇▇▇l be responsible for all other expenses relating to the providing of Legal Services.
Expenses and Reimbursement. The Employee shall be reimbursed by the Company for reasonable and necessary out-of-pocket expenses incurred by the Employee in performing his duties hereunder, provided such expenses are approved in accordance with the procedures of the Company then in effect and are presented for reimbursement in accordance with the Company's policies and practices then in effect.
Expenses and Reimbursement. The Company will bear all of its expenses in connection with the Conversion and the Offering. The Company shall reimburse ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ for its reasonable out-of-pocket expenses incurred in connection with the services contemplated hereunder, regardless of whether the Offering is consummated, provided that such out-of-pocket expenses shall not exceed $5,000. Typical expenses include, but are not limited to, postage, overnight delivery, telephone and travel. Not later than two days before the Offering closing, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ will provide the Company with a detailed accounting of all reimbursable expenses of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, to be paid at closing.
Expenses and Reimbursement. During the Employment Period, the Company shall reimburse Employee for all ordinary and reasonable expenses incurred by him in the course of performing his duties and responsibilities under this Agreement, but only in a manner that is consistent with the Company’s policies in effect from time to time with respect to travel and other business expenses, and subject to the Company’s requirements with respect to reporting and documentation of such expenses (including preapproval of travel expenses) as well as its reimbursement practices.
Expenses and Reimbursement. The Pledgor undertakes to pay to the Pledgee all cost and expenses incurred in relation to this Agreement and the relationship established under this Agreement in accordance with the terms set out in clause 17 (Costs and Expenses) of the Facilities Agreement.
Expenses and Reimbursement. Any expenses related to travel will be the responsibility of the Contractor and City shall not reimburse Contractor for any travel-related expenses.
Expenses and Reimbursement. Each operating department is responsible for all necessary and legitimate expenses incurred as a result of nurse participation in job assigned training and development activities. The department may approve reimbursement for expenses incurred in nurse initiated training: 1. 75% of the tuition or registration costs.
Expenses and Reimbursement. The Company shall be responsible for all expenses, costs and liabilities arising from the management, organization or operation of the Company in accordance with this Agreement. The Sole Member and the Manager (if different from the Sole Member) shall be entitled to receive prompt reimbursement from the Company to the extent, if any, that they incur any such management expenses, unless such management expenses arose from a material violation of this Agreement, gross negligence, willful misconduct or a knowing violation of criminal law.
Expenses and Reimbursement. (a) Services shall be responsible for all expenses in connection with providing the Functions and related services, including but not limited to:
(i) the costs and expenses of providing the necessary facilities, personnel, office equipment and supplies, telephone service, and other utility service;
(ii) charges and expenses of outside legal counsel retained;
(iii) the costs and expenses for issuance of the Contracts;
(iv) the costs and expenses of printing definitive prospectuses and other information for prospective purchasers;
(v) expenses incurred in connection with Services’ registration as a broker or dealer or in the registration or qualification of its officers, directors or associated persons under federal and state securities laws and FINRA rules;
(vi) the costs of promotional, sales and advertising materials; and
(vii) any other expenses incurred by Services or its associated persons.
(b) TIAA on behalf of the Separate Account shall reimburse Services for the cost of providing the Functions and the amount of such expenses through daily payments based on the expense deduction rate agreed upon from time to time between TIAA and Services reflecting estimates of the cost of providing the Functions with the objective of keeping the payments as close as possible to actual expenses. As soon as practicable after the end of each calendar quarter (usually within thirty days), TIAA and Services shall determine the amount necessary to correct any differences between the payments and the expenses actually incurred in connection with providing the Functions To the extent actual expenses incurred over the quarter differ from the amount deducted, an appropriate amount will be repaid to, or deducted from (as the case may be), the Separate Account in equal installments over the remaining days in the quarter. The current rate for the amounts payable from the net assets of the Separate Account each Valuation Day for each Calendar Day of the Valuation Period ending on that Valuation Day for the distribution of the Contracts are set forth on Schedule A. TIAA and Services agree to update such schedule at least annually. For purposes of this Agreement, “Valuation Day,” “Calendar Day,” and “Valuation Period” shall each be defined as specified in the Separate Account’s current Prospectus.
(i) Notwithstanding the foregoing, TIAA shall make all cash disbursements, incur all expenses, and provide such personnel as may be necessary for Services to fulfill its obligations here...