Housing Allowance and Relocation Sample Clauses
The Housing Allowance and Relocation clause defines the employer’s obligations to provide financial support for an employee’s housing and moving expenses when they are required to relocate for work. Typically, this clause outlines the types of expenses covered, such as rent, temporary accommodation, moving costs, and sometimes utility setup fees, as well as any limits or conditions on reimbursement. Its core function is to ease the financial burden of relocation on employees, ensuring a smoother transition and making the job offer more attractive to candidates who must move for their role.
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Housing Allowance and Relocation. During the Employment Period, the Executive shall be entitled to a housing allowance in the amount of CHF 6,000 per month in accordance with the applicable policies and procedures of Numonyx as in effect from time to time. If, during the Employment Period, the Executive relocates from Italy at the request of Numonyx, and as agreed by the Executive, Numonyx shall pay or reimburse the Executive the reasonable costs of such relocation in accordance with the applicable procedures of Numonyx as in effect from time to time.
Housing Allowance and Relocation. The Company shall provide Executive with a housing allowance in the amount of $3,500 per month, for the first 12 months of the Employment Term. For purposes of paragraph 1(e) of this Agreement Executive’s residence during the first 12 months of the Employment Term shall be deemed her principal residence. In the event Executive remains employed by the Company upon the conclusion of the first 12 months of the Employment Term, the Company will make benefits under the Relocation Program, described in Exhibit A, available to Executive.