Anticipated travel expenses must be pre-approved in writing by Customer. The DIR administrative fee specified in Section 5 below is not applicable to travel expense reimbursement. Travel time may not be included as part of the amounts payable by Customer for any services rendered under this Contract. Travel expense reimbursement may include personal vehicle mileage or commercial coach transportation, hotel accommodations, parking and meals provided, however, the amount of reimbursement by Customers shall not exceed the amounts authorized for state employees as adopted by each Customer and provided, further, that all reimbursement rates shall not exceed the maximum rates established for state employees under the current State Travel Management Program (xxxx://.xx/procurement/prog/stmp/). Travel Expense Reimbursement Pricing for services provided under this Contract are exclusive of any travel expenses that may be incurred in the performance of those services. Reimbursement for Business Expenses During the Term, the Company shall reimburse Employee for all reasonable and necessary expenses incurred by Employee in performing Employee’s duties for the Company, on the same basis as similarly situated employees and in accordance with the Company’s policies as in effect from time to time.īusiness Expenses The Company shall pay or reimburse the Executive for all reasonable and necessary business expenses incurred or paid by the Executive in the performance of his duties and responsibilities hereunder, subject to any maximum annual limit or other restrictions on such expenses set by the Board and to such reasonable substantiation and documentation as may be specified by the Company from time to time. 5)īusiness Expense Reimbursements During the Term, the Company shall promptly reimburse Executive for Executive’s reasonable and necessary business expenses in accordance with the Company’s then-prevailing policies and procedures for expense reimbursement (which shall include appropriate itemization and substantiation of expenses incurred).īusiness Expense Reimbursement During the Term of employment, the Executive shall be entitled to receive proper reimbursement for all reasonable, out-of-pocket expenses incurred by the Executive (in accordance with the policies and procedures established by the Company for its senior executive officers) in performing services hereunder, provided the Executive properly accounts therefore. The medical expenses may be for you, your spouse, or any dependent listed on your tax return. For further detailed information and effective dates you may obtain IRS Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs), from the IRS. Unreimbursed medical expenses If you take payments to pay for unreimbursed medical expenses that exceed a specified percentage of your adjusted gross income, you will not be subject to the 10 percent early distribution penalty tax. Related to Unreimbursed Business Expenses of Members Except as amended hereby, the Operating Agreement shall remain in full force and effect. The Manager of the Company is authorized to incorporate the foregoing amendment into an amended and restated version of the Operating Agreement, at which point such amended and restated version of the Operating Agreement shall thereafter constitute the operating agreement of the Company. It is the responsibility of the Member to maintain records to support any such expenditure. The unreimbursed business expenses paid from the funds of a Member shall be treated as a trade or business expense of the Member. These expenses include: (a) use of the Member’s (or its Affiliate’s) aircraft for Company business and any travel expenses related thereto (b) use of a Member’s (or its Affiliates’) computer equipment ( including software purchased for business purposes) or other office equipment on behalf of the Company or (c) charitable contributions by the Member (or its Affiliates). From time to time, a Member is expected to incur certain expenses related to the trade or business of the Company for which the Company will not reimburse that Member. Unreimbursed Business Expenses of Members.
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