Common use of Relocation Bonus Clause in Contracts

Relocation Bonus. The Company shall pay Executive a relocation bonus in an amount equal to $75,000 (subject to any applicable tax and other required withholding) as soon as reasonably practicable following the Effective Date, but in no event later than January 31, 2016, to reimburse Executive for Executive’s relocation-related expenses (including travel, hotel and incidental expenses, among others).”

Appears in 2 contracts

Sources: Employment Agreement (YETI Holdings, Inc.), Employment Agreement (YETI Holdings, Inc.)

Relocation Bonus. The Company shall pay Executive a relocation bonus in an amount equal to $75,000 (subject to any applicable tax and other required withholding) as soon as reasonably practicable following On the Effective Date, but the Company shall ---------------- pay to the Executive $50,000 (subject to applicable payroll or other taxes required to be withheld) to assist the Executive with other expenses of relocation, which shall be in no event later than January 31, 2016, addition to reimburse the payments under the Company's relocation policy. The Executive for Executive’s relocation-related expenses (including travel, hotel and incidental expenses, among others)shall not be required to account to the Company as to the use of the Relocation Bonus.

Appears in 1 contract

Sources: Employment Agreement (Paragon Health Network Inc)