Common use of Housing Stipend Clause in Contracts

Housing Stipend. In the event that Executive relocates to New York in connection with the planned merger of the Company with Affinitas, Executive shall receive a stipend for housing in New York of $100,000 per year, paid on a monthly basis on or about the first business day of each month, following such relocation so long as he remains employed by the Company and continues to live in New York. For clarity, it is anticipated that these payments will commence on August 1, 2017.

Housing Stipend. In the event that Executive relocates to New York in connection with the planned merger of the Company with Affinitas, Executive shall receive a stipend for housing in New York of $100,000 per yearyear (the “Housing Stipend”), paid on a monthly basis on or about the first business day of each month, following such relocation month so long as he remains employed by the Company and continues to live in New York. For clarity, it is anticipated that these payments will commence on August 1, 20174.