Clauses > Expenses


Standard Standard — Parties pay own expenses 


  1. Fee and Expenses. Each party will pay all expenses it incurs in connection with this agreement.

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  1. Fee and Expenses
    1. Advancement of Expenses. [PARTY A] will advance to [PARTY B] $[ADVANCED EXPENSES], within 10 Business Days of the Effective Date, to cover [PARTY B]'s reasonable and necessary expenses incurred in connection with this agreement ("Advanced Expenses").
    2. Receipts and Records. PARTY B] will [keep receipts or other records of its use of the Advanced Expenses.
    3. Refund of Unspent Advancement. Within [30] Business Days of the end of this agreement, [PARTY B] will return to [PARTY A] all unspent Advanced Expenses. [PARTY A] may require the [PARTY B] to also submit all receipts or other records detailing the reasonableness and necessity of [PARTY B]'s use of the Advanced Expenses.

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Party weight: Slight Pro-Providee


  1. Expenses. [PARTY A] will pay all expenses in connection with administering this plan.

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Party weight: Heavy Pro-Providee


  1. Fee and Expenses. Except as otherwise provided for in this agreement, [PARTY A] will pay all expenses either party incurs in connection with this agreement.

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  1. Expenses
    1. Reimbursement of Expenses. [PARTY A] will reimburse [PARTY B] for all reasonable and necessary expenses [PARTY B] incurs in connection with this agreement.
    2. Payment of Expenses. [PARTY A] will reimburse [PARTY B] in accordance with [PARTY A]'s standard payroll practices.

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  1. Expenses
    1. Reimbursement of Expenses. [PARTY A] will reimburse [PARTY B] for all reasonable and necessary expenses [PARTY B] incurs in connection with this agreement.
    2. Receipts and Records. [PARTY B] will keep all receipts and other records of [PARTY B]'s expenses.
    3. Expense Invoices
      1. Invoice Each Pay Period. [PARTY B] will invoice [PARTY A] each [PAY PERIOD] for reimbursement of [PARTY B]'s expenses.
      2. Invoice Contents. [PARTY B] will include with each invoice
        1. an invoice number,
        2. the receipts or other records reasonably detailing each expense in the invoice, and
        3. the routing and account number necessary for [PARTY A] to make the payment.
    4. Payment of Invoices. [PARTY A] will reimburse [PARTY B] within 10 Business Days of receiving each invoice in immediately available funds to the account [PARTY B] specifies above.

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Party weight: Slight Pro-Providee


  1. Expenses
    1. Reimbursement of Expenses. [PARTY A] will reimburse [PARTY B] for all reasonable and necessary expenses [PARTY B] incurs in connection with this agreement.
    2. Receipts and Records. [PARTY B] will keep receipts or other records of its expenses to submit to [PARTY A] for reimbursement of its expenses.
    3. Expense Invoices
      1. Invoice Each Pay Period. [PARTY B] will invoice [PARTY A] each [PAY PERIOD] for reimbursement of [PARTY B]'s expenses.
      2. Invoice Contents. [PARTY B] will include with each invoice
        1. an invoice number,
        2. the receipts or other records reasonably detailing each expense in the invoice, and
        3. the routing and account number necessary for [PARTY A] to make the payment.
    4. Payment of Invoices. [PARTY A] will reimburse [PARTY B] within 10 Business Days of receiving each invoice in immediately available funds to the account [PARTY B] specifies above.
    5. Interest on Late Reimbursement. [PARTY A] will pay interest on any Late Reimbursement at a rate of 1% per month (12.68% annually) or the maximum allowed by law, whichever is less.

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Party weight: Heavy Pro-Providee


  1. Expenses
    1. Reimburse Pre-Approved Expenses. [PARTY A] will reimburse [PARTY B] for all reasonable and necessary expenses [PARTY B] incurs in connection with this agreement and that [PARTY A] pre-approves in writing.
    2. Receipts and Records. [PARTY B] will keep receipts or other records of its expenses to submit to [PARTY A] for reimbursement of its expenses.
    3. Expense Invoices
      1. Invoice Each Pay Period. [PARTY B] will invoice [PARTY A] each [PAY PERIOD] for reimbursement of [PARTY B]'s expenses.
      2. Invoice Contents. [PARTY B] will include with each invoice
        1. an invoice number,
        2. the receipts or other records reasonably detailing each expense in the invoice, and
        3. the routing and account number necessary for [PARTY A] to make the payment.
    4. Payment of Invoices. [PARTY A] will reimburse [PARTY B] within 10 Business Days of receiving each invoice in immediately available funds to the account [PARTY B] specifies above.

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Party weight: Slight Pro-Provider


  1. Fee and Expenses. Except as otherwise provided for in this agreement, [PARTY B] will pay all expenses either party incurs in connection with this agreement.

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  1. Executive's Expenses. [PARTY A] will reimburse [PARTY B] for his or her reasonable travel, entertainment, and other expenses he or she incurs in connection with the performance of his or her duties under this agreement, according to [PARTY A]'s expense reimbursement policy.

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Party weight: Neutral


  1. Expenses.
    1. Consummation of Transaction. Subject to the [MATERIAL BREACH BY PARTY B] section below, if the Transaction is consummated:
      1. [PARTY B] will submit to [PARTY A] an invoice for all reasonable and necessary expenses that it incurs in connection with this agreement, and
      2. [PARTY A] will reimburse the [PARTY B] for such expenses using the proceeds of the Transaction.
    2. Material Breach by [PARTY B]. If [PARTY B] materially breaches this agreement, [PARTY B] will bear all expenses incurred under this agreement, regardless of whether the Transaction is consummated.

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Party weight: Neutral


  1. Fees and Expenses
    1. In General, Parties Pay Their Own Expenses. Except as otherwise provided for in this subclause or elsewhere in this agreement, each party will pay all expenses it incurs in connection with this agreement.
    2. Termination Fees. In any of the following events, the [PARTY A/PARTIES] will pay to the [PARTY B/EACH OTHER] a termination fee of $[TERMINATION FEE DOLLAR AMOUNT] (the "Termination Fee"), it being understood that under no circumstances will the [PARTY A/PARTIES] be required to pay the Termination Fee on more than one occasion: [ENUMERATED LIST OF TERMINATION EVENTS ON WHICH THE TERMINATION FEE IS OWED].

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