Relocation and Repatriation Sample Clauses
The Relocation and Repatriation clause outlines the terms under which an employee may be required to move to a new work location or return to their home country at the end of an assignment. Typically, this clause specifies the employer's responsibilities for covering costs such as transportation, moving personal belongings, and sometimes temporary housing or travel expenses for the employee and their immediate family. Its core function is to ensure both parties understand the logistical and financial arrangements related to moving, thereby reducing uncertainty and disputes over relocation or repatriation obligations.
Relocation and Repatriation. Centurion will cover the following associated costs
8.1. Travel from Calgary to Cairo for you and your resident dependents upon initial relocation and travel from Cairo to Calgary upon final repatriation.
Relocation and Repatriation. The Company will provide, or reimburse Executive, for the following:
(i) Reasonable expenses relating to relocating Executive’s household from Germany to one location in the United States (the “Relocation Expenses”);
(ii) The Company will also pay Executive an additional amount such that, after payment by Executive of all taxes (which taxes shall be calculated based on the highest combined federal and state personal income tax rates applicable in the year of such payment) imposed in respect of the Relocation Expenses which are not deductible by Executive for federal income tax purposes, Executive retains an amount equal to the Relocation Expenses;
(iii) The Company will make Executive whole on an after-tax basis for German employment income and other applicable taxes on Executive’s remuneration (regardless of when paid or incurred) in excess of the tax Executive would owe if such remuneration was subject only to federal, state and local taxation applicable at Executive’s fiscal domicile prior to relocation to Germany, with such tax equalization to be calculated by the Company’s outside accounting firm and paid with the monthly payroll; and
(iv) Until Executive has completed his relocation and repatriation back to the United States and for all periods which Executive has tax liability exposure therefore, the Company will provide and pay for Executive’s tax filings (including any amended tax filings, if necessary) and advice in Germany and the United States with regard to Executive’s remuneration earned or granted while domiciled in Germany and any implications raised as a result of Executives repatriation, and any tax liability (including interest and penalties) to which Executive may be exposed due to insufficient amounts being withheld from Executive’s compensation for tax purposes.
Relocation and Repatriation