Common use of Relocation Period Clause in Contracts

Relocation Period. During the period commencing on the Effective Date and ending no later than the first anniversary thereof (the "Relocation Period"), Executive is expected to arrange relocation from California to Connecticut on a permanent basis for her, her spouse and her dependents. The Company shall, during the Relocation Period, pay or reimburse Executive for all reasonable expenses incurred for temporary housing, local ground transportation, travel to and from California for her, her spouse and her dependents, closing costs and moving expenses in connection with the purchase and sale of permanent housing and other costs and expenses during the Relocation Period related to her maintaining a residence separate from her family and relocating to Connecticut; provided, however, that no later than November 1, 2005, Executive shall have relocated to Connecticut and no further payments for expenses under this Section 7 that are incurred after the end of the Relocation Period shall be borne by the Company. The Company shall pay or reimburse Executive under this Section 7 for all costs and expenses incurred during the Relocation Period in an aggregate amount up to $500,000.

Relocation Period. During the period commencing on the Original Effective Date and ending no later than the first anniversary thereof (the "Relocation Period"), Executive is expected to arrange relocation from California to Connecticut on a permanent basis for her, her spouse and her dependents. The Company shall, during the Relocation Period, pay or reimburse Executive for all reasonable expenses incurred for temporary housing, local ground transportation, travel to and from California for her, her spouse and her dependents, closing costs and moving expenses in connection with the purchase and sale of permanent housing and other costs and expenses during the Relocation Period related to her maintaining a residence separate from her family and relocating to Connecticut; provided, however, that no later than November 1, 2005, Executive shall have relocated to Connecticut and no further payments for expenses under this Section 7 that are incurred after the end of the Relocation Period shall be borne by the Company. The Company shall pay or reimburse Executive under this Section 7 for all costs and expenses incurred during the Relocation Period in an aggregate amount up to $500,000.