Common use of Relocation Package Clause in Contracts

Relocation Package. In the event of relocation, during the Term, of Executive’s principal office location more than 25 miles from its location as of the Effective Date (but not closer to the executives principal residence), and, as a result thereof, Executive relocates his principal residence, the Company shall offer Executive a reasonable relocation package.

Relocation Package. In the event of relocation, during the Term, of Executive’s principal office location more than 25 miles from its location as of the Effective Date (but not closer to the executives principal residence)Date, and, as a result thereof, Executive relocates his principal residence, the Company shall offer Executive a reasonable relocation package.

Relocation Package. In the event of relocation, during the Term, of Executive’s principal office location more than 25 50 miles from its location as of the Effective Date (but not closer to the executives principal residence), and, as a result thereof, Executive relocates his principal residenceDate, the Company shall offer Executive a reasonable relocation package; provided, however, that Executive may decline such relocation package and resign pursuant to Section 4.3.2 herein; provided further, however, that Executive may provide notice pursuant to Section 4.3.2 at the time of the decision by the Company to relocate and shall not be required to wait until the Company’s actual relocation.