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Billy Carter — Part 4
Page 13
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iS
-EMPLOYEE such repayment shall be refunded
compensation. It is further understood that the EMPLOYER shall
not be required to legally defend any propese| ai allowance by the
Internal Revenue Service and the amount recuired to be reimburse a
| by EMPLOYEE ‘shall be the amount, as finally determined by agreeme!
or otherwise, actually disallowed as a deduction. EMPLOYE= shell
be obligated to make such repayments only if the amounts so repaid
to the EMPLOYER will be deductible or exclu
dadle from the-gross
income of EMPLOYEE under Section 1341 of the Internal Revenue Code
of 1954, as amended, or any statute of similer import, and if such
‘repayment is, determined not to be deductible or excludable b
ty the EMPLOYER to |
. EMPLOYEE within 90 days from the date of sucn determination.
5. Discretionary bonuses. EMPLOYE= 5 shell be entitled to
participate in an“equitable manner with all other employees ‘of
EMPLOYER in discretionary bonuses authorizes and declared ty .
the Board of Directors of EMPLOYER to its exployees. No other
compensation provided for in this Agreenent
stitute for EMPLOYEE'S right to partici pa
‘bonuses when and as declared by the Boaré
6. Working facilities and expenses.
. vided with an office, stenographic and tec
other facilities and services suitable to his position and adequate
for the performance of his duties.
EMPLOYEE is encouraged and is expected, from time to time,
to incur reasonable expenses for promoting
including, expenses for civic club membershid and participation
entertainment, travel and similar items.
+ sneall be deemed a subd-
<2 in such discretionary
cf Directors. _
=MPLOYEE shall be pro-
rnical help, and such
sne business of ENPLOYER,
Thre cost of such activit
ies
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