Common use of Relocation Benefits Clause in Contracts

Relocation Benefits. Following termination of the Executive’s employment for any reason (other than death), the Executive will be entitled to reimbursement from Cinergy for the reasonable costs of relocating from the Cincinnati, Ohio, area to a new primary residence in a manner that is consistent with the terms of the Relocation Program. Notwithstanding the foregoing, if the Executive becomes employed by another employer and is eligible to receive relocation benefits under another employer-provided plan, any benefits provided to the Executive under this Section 3e will be secondary to those provided under the other employer-provided relocation plan. The Executive must report to Cinergy any such relocation benefits that he actually receives under another employer-provided plan.

Appears in 8 contracts

Samples: Employment Agreement (Psi Energy Inc), Employment Agreement (Cincinnati Gas & Electric Co), Employment Agreement (Cincinnati Gas & Electric Co)

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Relocation Benefits. Following termination of the Executive’s 's employment for any reason (other than death), the Executive will be entitled to reimbursement from Cinergy for the reasonable costs of relocating from the Cincinnati, Ohio, area to a new primary residence in a manner that is consistent with the terms of the Relocation Program. Notwithstanding the foregoing, if the Executive becomes employed by another employer and is eligible to receive relocation benefits under another employer-provided plan, any benefits provided to the Executive under this Section Subsection 3e will be secondary to those provided under the other employer-provided relocation plan. The Executive executive must report to Cinergy any such relocation benefits that he actually receives under another employer-provided plan.

Appears in 1 contract

Samples: Employment Agreement (Cincinnati Gas & Electric Co)

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Relocation Benefits. Following termination of the Executive’s employment for any reason (other than death), the Executive will be entitled to reimbursement from Cinergy for the reasonable costs of relocating from the Cincinnati, Ohio, area to a new primary residence within the continental United States in a manner that is consistent with the terms of the Relocation Program. Notwithstanding the foregoing, if the Executive becomes employed by another employer and is eligible to receive relocation benefits under another employer-provided plan, any benefits provided to the Executive under this Section 3e will be secondary to those provided under the other employer-provided relocation plan. The Executive must report to Cinergy any such relocation benefits that he actually receives under another employer-provided plan.

Appears in 1 contract

Samples: Employment Agreement (Psi Energy Inc)

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