During the term of Executive’s employment, Executive shall be entitled to receive reimbursement for all reasonable employment expenses incurred by Executive in accordance with the policies, practices and procedures of the Company, including, without limitation, expenses for travel and similar items related to such duties and responsibilities. The Company will reimburse Executive for all such expenses upon presentation by Executive from time to time of appropriately itemized and approved (consistent with the Company’s policy) accounts of such expenditures. The reimbursement policies, practices and procedures applicable to Executive shall be the most favorable policies, practices and procedures of the Company relating to reimbursement of employment expenses incurred by Company, directors, officers or employees in effect at any time during the 12 month period preceding the date Executive incurs the expenses. Any employment expense reimbursement shall be made no later than the last day of the calendar year following the calendar year in which the Executive incurs the expense, the expense reimbursement for any calendar year shall not affect the expenses eligible for reimbursement in any other calendar year, and Executive’s right to expense reimbursement cannot be liquidated or exchanged for any other benefit.