Common use of Payment and Reimbursement of Expenses Clause in Contracts

Payment and Reimbursement of Expenses. During the Employment Period, the Company shall pay or reimburse the Executive for all reasonable travel and other expenses incurred by the Executive in performing his obligations under this Agreement in accordance with the policies and procedures of the Company for its senior executive officers, provided that the Executive properly accounts therefor in accordance with the regular policies of the Company. In addition, the Company shall pay or reimburse the Executive for reasonable costs of accountants, lawyers, compensation specialists and other professionals retained by the Executive in connection with the negotiation and execution of this Agreement.