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Billy Carter — Part 4
Page 13
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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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