Accountable Business Expense Plan

Employees of the company will be reimbursed for ordinary and necessary business-related expenses incurred while performing services as an employee in accordance with the following guidelines.

1. Business Purpose

Business-related expenses covered by this accountable plan must meet the standards of accountability set forth by the Internal Revenue Service (Reg. 1.62-2). All business-related expenses that are ordinary and necessary must have been paid or incurred by the employee while performing services as an employee of the company.

2. Reasonable Period of Time to Request Reimbursement, Advances or Repayment

Any employee seeking reimbursement for qualified business-related expenses must adequately account to the company within sixty (60) days from the time the expense was either paid or incurred by the employee, or, in the case of an advance, within 30 days of when an expense was paid or incurred.

3. Reimbursement of Travel Expenses and/or Meal and Entertainment Expenses

Employees will be reimbursed for actual costs incurred for meal and entertainment, travel, and transportation expenses.

4. Reimbursement of Automobile Expense

The current federal standard mileage rate will be used to reimburse the employee's ordinary and necessary business-related mileage while conducting business for the company.

5. Excess Reimbursement

Excess reimbursements and/or allowances must also be repaid within a reasonable period of time. If the excess reimbursement is not re-paid within a reasonable period of time, then the excess will be considered "Additional income" and will be included in the employee's gross wages and will be subject to withholding and employment taxes.

Any advancement of business-related travel expenses that has not been properly accounted for will be considered "Additional income" and will be included in the employee's gross wages and will be subject to withholding and employment taxes.

6. Payment of Business-Related Expenses

Payment for reimbursement of all business-related expenses will be payable to the employee either by a separate check or as a separate entry on their regular paycheck.

Failure of the employee to follow the guidelines listed above may render any and all business-related expenses as non-reimbursable.