EMPLOYMENT
REIMBURSEMENT AGREEMENT
The undersigned
officer or employee of [s-Company], agrees to repay to the Company
all compensation payments or reimbursements that are disallowed, in
whole or in part, as a deductible expense by the Internal Revenue
Service. The reimbursement shall be made to the full extent of the
disallowance upon an adverse decision of the last tribunal or agency
to consider the issue, provided the Company shall not be obligated to
seek further appeal if available.
Signed under seal
this ___ day of ___, 20___.
