Closeout Reimbursement Clause Samples

The Closeout Reimbursement clause defines the process and obligations for reimbursing costs incurred during the closeout phase of a contract or project. Typically, this clause specifies which expenses are eligible for reimbursement, such as final administrative costs, demobilization, or outstanding payments to subcontractors, and outlines the documentation required to support such claims. Its core practical function is to ensure that parties are fairly compensated for necessary expenditures made to properly conclude contractual obligations, thereby preventing disputes over final payments and clarifying financial responsibilities at the end of an agreement.
Closeout Reimbursement. Closeout ▇▇▇▇▇▇▇▇ are to be submitted by July 31, 2021, as set forth in Section 2.2, above. If not submitted, the unexpended funds shall revert to the City of Wichita.
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Closeout Reimbursement. Closeout ▇▇▇▇▇▇▇▇ are to be submitted 10 working days after termination of the contract, or as further defined by HUD. If not submitted, the unexpended funds shall revert to the City of Wichita.
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Closeout Reimbursement. Closeout ▇▇▇▇▇▇▇▇ are to be submitted within thirty (30) days after termination of the contract. If not submitted, the unexpended funds shall revert to the City.
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Closeout Reimbursement. Closeout ▇▇▇▇▇▇▇▇ for construction/renovation activities must be submitted by January 31, 2022. If not submitted, the unexpended funds shall revert to the City of Wichita.
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Related to Closeout Reimbursement

  • Cost Reimbursement This payment method is based on an approved budget and submission of a request for reimbursement of expenses ▇▇▇▇▇▇▇ has incurred at the time of the request;

  • Meal Reimbursement When an employee is specifically directed by the City to work two (2) hours or longer at the beginning or end of their normal work shift away from their place of residence of at least eight (8) hours or work two (2) hours or longer at the end of their work shift of at least eight (8) hours when the employee is called in to work on their regular day off, or otherwise works under circumstances for which meal reimbursement is authorized per Ordinance 111768 and the employee actually purchases a reasonably priced meal away from his place of residence as a result of such additional hours of work, the employee shall be reimbursed for the "reasonable cost" of such meal in accordance with Seattle Municipal Code (SMC) 4.20.

  • Expense Reimbursements To the extent that any reimbursements payable pursuant to this Agreement are subject to the provisions of Section 409A of the Code, any such reimbursements payable to Executive pursuant to this Agreement shall be paid to Executive no later than December 31 of the year following the year in which the expense was incurred, the amount of expenses reimbursed in one year shall not affect the amount eligible for reimbursement in any subsequent year, and Executive’s right to reimbursement under this Agreement will not be subject to liquidation or exchange for another benefit.

  • Business Expense Reimbursement During the Term of employment, the Executive shall be entitled to receive proper reimbursement for all reasonable, out-of-pocket expenses incurred by the Executive (in accordance with the policies and procedures established by the Company for its senior executive officers) in performing services hereunder, provided the Executive properly accounts therefore.

  • Business Expense Reimbursements During the Term, the Company shall promptly reimburse Executive for Executive’s reasonable and necessary business expenses in accordance with the Company’s then-prevailing policies and procedures for expense reimbursement (which shall include appropriate itemization and substantiation of expenses incurred).