Common use of Relocation Payment Clause in Contracts

Relocation Payment. The Company paid the Executive $185,000 for relocation expenses. It is understood and agreed that any monies paid to you in the form of relocation assistance will be paid back to the Company if you voluntarily resign during the first eighteen months of employment.

Relocation Payment. The Company paid the Executive $185,000 36,000 for relocation expenses. It is understood and agreed that any monies paid to you in the form of relocation assistance will be paid back to the Company on a pro-rated basis if you voluntarily resign during the first eighteen months of employmentemployment from the commencement date.