Mobility Bonus Sample Clauses
A Mobility Bonus clause provides for additional compensation or benefits to employees who are required to relocate or travel as part of their job duties. Typically, this clause outlines the eligibility criteria, the amount or type of bonus, and the circumstances under which it is paid, such as moving to a new city for a work assignment or accepting a transfer. The core function of this clause is to incentivize and support employees facing the challenges of relocation, thereby facilitating workforce mobility and addressing potential financial or personal burdens associated with moving.
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Mobility Bonus. You will receive a payment equal to one (1) month’s base pay, less taxes, for each 12 months of your Assignment (pro-rated for periods of less than 12 months). The first payment of $36,479.16 USD will be paid immediately prior to your departure, and subsequent payments will be made on or as soon as administratively practicable following each succeeding anniversary of your departure date.