Relocation Program Clause Samples
The Relocation Program clause outlines the terms and conditions under which an employee or tenant may be required or permitted to move from one location to another as part of their employment or tenancy. Typically, this clause details the circumstances that trigger relocation, the process for notification, and any support or compensation provided, such as moving expenses or temporary housing. Its core function is to establish clear expectations and procedures for relocation, thereby minimizing disputes and ensuring a smooth transition for all parties involved.
POPULAR SAMPLE Copied 1 times
Relocation Program. The Company will extend its relocation program to Executive to assist with his move from Maryland to Pennsylvania. The Company will pay for (a) reasonable relocation expenses (including reasonable costs incurred to sell Executive’s house in Falston and to move to Pennsylvania) up to a maximum of $100,000, and (b) temporary living expenses for you for six months, in each case to help with Executive’s relocation to the Company’s ▇▇▇▇▇ office. Each expense reimbursement will include a tax gross-up so that the net amount paid to Executive after withholding is equal to the amount of expenses being reimbursed. Each reimbursable expense shall be incurred before the Effective Date or while Executive is employed by the Company, and each reimbursement payment shall be made as soon as practicable after the expense is incurred (and Executive submits reasonable required documentation) and no later than the last day of the “applicable 2 1/2-month period” under Treas. Reg. § 1.409A-1(b)(4)(i)(A).
Relocation Program. “Relocation Program” means the Cinergy Corp. Relocation Program, or any similar program or successor to that program, as in effect on the date of the Executive’s termination of employment.
Relocation Program. ▇▇▇▇▇▇▇ will be eligible to participate in CP&L's relocation program in accordance with its terms. However, CP&L will pay to ▇▇▇▇▇▇▇ an additional amount to compensate him for the income taxes ▇▇▇▇▇▇▇ will incur on these benefits.
Relocation Program. This document describes the Executive relocation/reimbursement program (the “Relocation Program”) available to the Executive.
Relocation Program. The Executive shall at any time be entitled to dispose of his principal residence through the Third Party Home Purchase feature of the Company's Relocation Program. The purchase price to be paid to the Executive thereunder shall be the appraised value of the residence. If the residence is subsequently sold for less than its appraised value, the Executive shall reimburse the Company for one-half of any amount in excess of $50,000 less than its appraised value.
Relocation Program. ▇▇▇▇▇ will be eligible to participate in the ------------------ CP&L relocation program in accordance with its terms.
Relocation Program. The Company agrees to reimburse Executive for actual expenses reasonably incurred by the Executive in order to relocate to the San Francisco Bay Area as provided in the Company’s relocation policies as follows: (i) actual moving and relocation expenses of family and possessions to the San Francisco Bay Area, (ii) transactions and closing costs in connection with the acquisition of a new home in the San Francisco Bay Area and the sale of a prior home in the Los Angeles area (but only including real estate brokerage fees for sale of Executive’s home in the Los Angeles area), (iii) a housing stipend of up to $20,000 per month for up to 12 months in order to cover rental of an additional residence in the San Francisco Bay Area, (iv) reimbursement of travel expenses of the Executive and his spouse and offspring for up to the first 12 months of employment with the Company to allow the Executive to travel back and forth to Los Angeles on a once per week basis, and (v) a tax adjustment “gross up” payment in an amount equal to the entire amount of all income taxes imposed with respect to the reimbursement payments in clauses (i) through (v) of this Section 3(e) (including any income taxes imposed upon the “gross up” payment itself under this clause (v)), such that the Executive’s receipt of the reimbursement payments under this Section 3(e) is “tax neutral” to Executive from an income tax perspective.
Relocation Program. The Employer will provide relocation assistance in the event of location closure, to eligible regular full- time employees who elect to exercise a permanent transfer to a Ryder Integrated Logistics account location in accordance with the following:
1. An employee relocating his household a distance of 100 – 449 miles will be eligible for cash assistance of five hundred dollars ($500.00).
Relocation Program. If the Port buys any Owner Occupied Property in accordance with the Plan, the Port will provide relocation assistance to the Eligible Homeowners and eligible Tenants, if any, of that property. If the Port buys any Owner Occupied Property in which a Home Based Business is conducted, the Port will also provide relocation assistance for the Home Based Business. Reimbursement of Acquisition Costs in Excess of $20 Million. Under this Agreement, the Port’s “Acquisition Costs” include the out-of-pocket costs incurred by the Port in carrying out the Neighborhood Acquisition Plan and the Relocation Program.
Relocation Program. Nothing herein shall be deemed to require TIMET to continue or modify the Relocation Program following the Closing. TIMET acknowledges that no accruals as of the Closing Date shall be established in connection with the Relocation Program for purposes of the adjustment to the Preliminary Purchase Price pursuant to the provisions of section2(g).