Relocation Bonus. In addition, you will receive a cash relocation bonus of $125,000 to help with relocation costs. The relocation bonus is taxable, and all federal, state and local required payroll deductions will be withheld. If you resign from the Company for any reason within eighteen (18) months of your Start Date, other than due to a Change in Control (as defined in the Company’s Equity Incentive Plan) or due to Good Reason, you shall be obligated to repay such relocation bonus to the Company. In addition, to the extent that your current employer pays to repatriate you to the United States, you will not be eligible to receive this relocation bonus.
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Sources: Employment Agreement (Generate Biomedicines, Inc.), Employment Agreement (Generate Biomedicines, Inc.)