Reasonable Expense definition

Reasonable Expense means an expense that demonstrates prudence, good judgement, moderation and is defensible to an impartial observer or citizen of Calgary.
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Reasonable Expense means a cost incurred reflecting the action that a prudent person would have taken under the circumstances prevailing at the time the decision to incur the cost was made. Major considerations involved in the determination of the reasonableness of a cost are: whether the cost is of a type generally recognized as necessary and appropriate for the operation of the institution or the performance of the sponsored agreement. (Reference: OMB Circular and Guidance A-21, Cost Principles for Educational Institutions (https://www.govinfo.gov)).
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Reasonable Expense means the usual, reasonable and customary fee or charge for the services rendered and the supplies furnished in the area where and at the time such services are rendered or supplies furnished, as determined by the Company. Such services and supplies must be recommended and approved by a Physician.
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Examples of Reasonable Expense in a sentence

  • Reasonable Expense ‐ an expense, the amount of which is appropriate for the position of the individual and the circumstance giving rise to the expense.

  • Said teacher shall remain at the bottom of the list until such time as the teacher is placed on a directed growth plan or a self-directed growth plan, at which time the teacher shall be restored to his/her appropriate position on the list.

  • Indemnitee’s obligation to reimburse the Company for any Reasonable Expense Advance shall be unsecured and no interest shall be charged thereon.

  • By: Name: Title: By: Name: Title: Trustee Solely for purposes of Section 20: By: Name: Title: Beginning after the first year anniversary of the effective date (i.e. the second year of Trust operation), there shall be established a Presumptively Reasonable Expense Amount (“PREA”) for each year’s operations thereafter with respect to ZAI.

  • In determining the amount of the Aggregate Excess Expense Credit and offsetting it against a Contingent Deferred Payment (ZAI), the terms and conditions set forth in Annex A hereto (“Credit to Grace for Administrative Expenses Exceeding a Presumptively Reasonable Expense Amount”) shall be given effect for purposes of interpreting, to the extent necessary or appropriate, the provisions of this Deferred Payment Agreement (ZAI) relevant to such determination and offset.


More Definitions of Reasonable Expense

Reasonable Expense means expenditure that can withstand a public disclosure test, therefore the cardholder will have no hesitation about disclosing the expenditure, being able to defend both its purpose and amounts while highlighting the benefits to the organisation.
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Reasonable Expense means the usual and customary fee or charge for a given service or supplies by a Licensed Physician to a majority of the Licensed Physician’s patients and the customary fee charged by the majority of the Licensed Physicians within a community for the same services and supplies.
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Reasonable Expense means an expense that demonstrates prudence, good judgement, moderation and is defensible to an impartial observer.
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Reasonable Expense means the reasonable and customary fee or charge for the services rendered and the supplies furnished in the area where rendered or
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Related to Reasonable Expense

  • Reasonable Expenses means the reasonable expenses of Employee or Personnel, as the case may be, for which those Employees or Personnel may be reimbursed under the Operator's usual expense account practice; including without limiting the generality of the foregoing, any relocation expenses necessarily incurred in order to properly staff the Mining Operations if the relocation is approved by the Management Committee.

  • Allowable Expense means a necessary, reasonable and customary item of expense for health care, which is:

  • Reasonable costs means the reasonable actual costs and expenses incurred by us in carrying out any further Audit under this Contract, including, but not limited to, reasonable travel and subsistence costs;

  • Reasonable cost means a cost for a service or item that is consistent with the market standards for comparable services or items.

  • Reasonable payment means, with respect to professional and other technical services, a payment in an amount that is consistent with the amount normally paid for such services in the private sector.