Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: THURSDAY, April 1, 1993 TAG: 9304010039
SECTION: VIRGINIA PAGE: A4 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
EXPENSE PAYMENT POLICIES
Contributions: All requests from cultural and civic groups exceeding $1,000 must be submitted to and approved by the new Community Involvement Committee, headed by First Union-Virginia Vice Chairman David Caudill. Contributions under the limit must not exceed the amount approved during the annual budget process.Club memberships: The company is developing a policy statement detailing which employees will be eligible for company-paid dinner or country club memberships. "These memberships are not `perks,' " an internal company memorandum says. "Once given to an employee, the membership must be used for significant business development purposes."
Senior executives holding contracts with Dominion Bankshares Corp. were entitled to company-paid memberships at the Jefferson Club and a country club, according to one of the executives with knowledge of the contracts.
Air Travel: Air fares will not be reimbursed for travel within the Virginia/Maryland/Washington market. And air fare between Roanoke and Charlotte, N.C., corporate headquarters, will not be reimbursed. Employees are expected to drive and submit their mileage expenses.
Dominion employees on company business were reimbursed for air fare.
Lunches: No lunch expenses will be reimbursed unless a customer or potential customer is present and the lunch is used for business development. "Working lunches" involving only First Union employees will not be reimbursed.
In most cases, Dominion working lunches were reimbursable.
External Training: No external training costs will be reimbursed.
Local Directors Meetings: No more than five local directors' meetings will be held this year, and directors fees will not exceed $150 per meeting.
Dominion generally held six meetings per year for local directors, paying $500 per meeting.
Coffee Subsidies: Coffee, soft drinks and snacks will not be reimbursed. Reimbursements for customers will be made.
Cellular Phones: No expenses related to purchase or use will be reimbursed.
Generally, Dominion did not pay for installation of cellular phones. But business calls made from an employee-owned cellular phone were reimbursable.
Parking Subsidies: Parking will be paid for employees driving company cars. Parking subsidies will not be paid for other employees, though the company is studying the possibility of parking subsidies in areas with rates significantly higher than average.
Most Dominion employees received some form of parking subsidy, depending on tenure.
Car Allowances: No car allowances - monthly payments added to an employee's base pay - will be paid.
Dominion car allowances were "few and far between," said a senior executive. "Less than half a dozen people had car allowances."
Subscriptions: A maximum of one local newspaper and two copies of The Wall Street Journal will be paid per city. No other subscriptions will be paid. Internal company memorandum