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Billy Carter — Part 4

20 pages · May 21, 2026 · Broad topic: Politics & Activism · Topic: Billy Carter · 20 pages OCR'd
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compensation. It is further understood that the EMPLOYER shall not be required to legally defend any proposed ¢ eisallowance by the Internal Revenue Service and the amount recuired to be reimoursed by EMPLOYEE ‘shall be the amount, es finally Jetermined by eagreene _or otherwise, actually disallowed as a deduction. EMPLOYEES shell be obligated to make such repayments only if the amounts so repaid to the EMPLOYER will be deductible or excludable from the-gross income of EMPLOYEE under Section aBgh1 of the Internal Revenue Code of 1954, as amended, or any statute of similar import, and if such repayment bs, detepmined not to be deductidle or excludable by EMPLOYEE such repayment shall be refunded ty the EMPLOYER to EMPLOYEE within 90 days from the date of such determination. 5. Discretionary bonuses. EMPLOYEE sell be entitled to participate in an”equitable manner with 211 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 Agreem baka shall be deemed a sub- , stitute for EMPLOYEE'S right to participat 2 in such discretionary _ bonuses when and as declared by the Boaré cZ Tirectors. — 6. Working facilities and expenses. EMPLOYEE shall be pro- i. vided with an office, stenographic and technical help, and such 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 the business of EMPLOYER, including expenses for civic club members and participa tion, entertainment, travel and similar items. Tre cost of such activities
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