Employment Reimbursement Agreement

EMPLOYMENT REIMBURSEMENT AGREEMENT

 

 

The undersigned officer or staff member of _ (Organization), agrees to repay to the Organization all compensation payments or reimbursements that are not allowed under the terms and conditions, 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 Organization shall not be obligated to seek further appeal if available. If the employee fails to repay within _ days, the adjustment would be directly done from the salary.

 

Signed under seal this _ day of _, 20_.

 

_____________________________

 

 Employment Reimbursement Agreement

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