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Employee Credit Card Agreement
"I need an Employee Credit Card Agreement for our senior executives who frequently travel internationally, with monthly spending limits of €10,000 and permission for business class travel bookings, to be implemented by March 2025."
1. Parties: Identification of the employer company and the employee receiving the credit card
2. Background: Context of the agreement and purpose of issuing the corporate credit card
3. Definitions: Key terms used throughout the agreement including 'Corporate Credit Card', 'Business Expenses', 'Statement Period', etc.
4. Card Issuance and Ownership: Clarification that the card remains company property and terms of issuance
5. Authorized Use: Permitted uses of the corporate credit card and spending limits
6. Employee Obligations: Core responsibilities including safeguarding the card, reporting loss/theft, and proper usage
7. Expense Documentation: Requirements for documenting and submitting expenses with receipts
8. Payment and Settlement: Process for statement review, expense submission, and payment handling
9. Unauthorized Use and Security: Procedures for reporting unauthorized transactions and security measures
10. Termination: Conditions and process for terminating card privileges and final settlement
11. Governing Law: Specification of German law as governing law and jurisdiction
1. International Usage: Include when employee needs to use the card for international travel or transactions
2. Cash Withdrawal Authorization: Include if cash withdrawals are permitted under specific circumstances
3. Rewards Program: Include if the corporate card has a rewards program and specify how points/benefits are handled
4. Private Use Authorization: Include if any private use is permitted, with specific terms and tax implications
5. Department-Specific Policies: Include for different spending limits or rules for specific departments
6. Digital Wallet Integration: Include if the card can be added to digital wallets or mobile payment systems
1. Schedule 1: Spending Limits and Authorization Levels: Detailed breakdown of spending limits, transaction limits, and approval requirements
2. Schedule 2: Expense Reporting Procedures: Step-by-step guide for submitting expenses and required documentation
3. Schedule 3: Prohibited Purchases: Comprehensive list of unauthorized purchases and merchant categories
4. Appendix A: Card Application Form: Form for requesting the corporate credit card
5. Appendix B: Cardholder Acknowledgment Form: Form for employee to acknowledge receipt and understanding of the agreement
6. Appendix C: Expense Report Template: Standard template for submitting expenses and receipts
Authors
Authorized User
Billing Cycle
Business Expenses
Card
Card Account
Card Issuer
Card Provider
Cardholder
Company
Credit Limit
Digital Wallet
Effective Date
Employee
Employer
Expense Report
Merchant Category Code (MCC)
Monthly Statement
Payment Due Date
Personal Expenses
PIN
Private Use
Prohibited Purchases
Receipt
Reimbursable Expenses
Security Credentials
Spending Limit
Statement Period
Transaction
Unauthorized Use
Working Day
Authorized Use
Spending Limits
Prohibited Uses
Security
Expense Reporting
Payment Terms
Documentation Requirements
Card Return
Liability
Confidentiality
Data Protection
Loss and Theft
Dispute Resolution
Termination
Amendment
Compliance
Tax Implications
Force Majeure
Notices
Assignment
Severability
Entire Agreement
Governing Law
Acknowledgment
Financial Services
Technology
Manufacturing
Professional Services
Retail
Healthcare
Education
Construction
Transportation
Energy
Telecommunications
Consulting
Media and Entertainment
Real Estate
Hospitality
Finance
Human Resources
Legal
Compliance
Procurement
Sales
Business Development
Operations
Executive Office
Audit
Risk Management
Travel Administration
Accounting
Chief Financial Officer
Finance Director
HR Director
Compliance Officer
Legal Counsel
Account Manager
Sales Director
Regional Manager
Business Development Manager
Project Manager
Department Head
Executive Assistant
Procurement Manager
Travel Manager
Operations Manager
Senior Consultant
Managing Director
Controller
Audit Manager
Risk Manager
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