Common use of Expenses and Payments Clause in Contracts

Expenses and Payments. 3.1. In addition to any monetary compensation that will be granted to the Directors, the Company and/or the Subsidiary will reimburse the Directors for any documented, out-of-pocket expenses from time to time properly incurred by the Directors in connection with the Business Development Activities, including (but not limited to) necessary traveling expenses. 3.2. All payments shall include V.A.T., if required by law, which shall be added to the amounts or consideration set forth above.