Common use of Relocation Payments Clause in Contracts

Relocation Payments. The Executive will be reimbursed for out-of-pocket expenses reasonably and necessarily incurred by the Executive in connection with one-time moving and transportation cost associated with the relocation of the Executive’s family and household goods to the Branford metropolitan area, provided such relocation is effected within 24 months of the Commencement Date and provided that the Executive is an employee of the Company at the time the relocation payments are incurred by the Executive.