Need your employees to get right to work, then you might dabble in advancements.
If so, your company needs this Employment Reimbursement Agreement form to ensure the full repayment of the advance.
Money can get spent easily, quickly, and quite often without keeping close attention of the when's, where's and how much.
If it's a bit of a difficulty with your own expenses, you can imagine how difficult it can be with expenses being accrued by your employees.
But it doesn't have to be difficult, this sample form can help!
Keeping a close watch on how and when that money is spent can be a hassle, not to mention the amount of paperwork and tracking necessary.
This simple, one page agreement alleviates the hassle and the paperwork!
EMPLOYMENT REIMBURSEMENT AGREEMENT
The undersigned officer or employee of ________ [Company], agrees to repay to the Company all compensation payments or reimbursements that are disallowed, 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 Company shall not be obligated to seek further appeal if available.
Signed under seal this __ day of _________, 19__.