Relocation Reimbursements Sample Clauses

Relocation Reimbursements. If Executive relocates to the area where the Company Headquarters is located (the “Company Headquarters Area”) prior to the date that is twelve (12) months after the Effective Date (the “Relocation Deadline”), the Company will pay or otherwise reimburse Executive up to a maximum gross amount of $100,000 for the following expenses incurred prior to the Relocation Deadline during the Term of Employment, in each case subject to Executive remaining employed with the Company through the date such payment or reimbursement is paid: (i) reasonable moving expenses incurred by Executive and his immediate family for the packing, loading, insuring, and transferring household goods and furnishings during their relocation from Executive’s primary residence in the Commonwealth of Massachusetts to the Company Headquarters Area, plus storage for such items, (ii) reasonable costs for Executive to move himself and his immediate family from the Commonwealth of Massachusetts to the Company Headquarters Area (i.e., mileage reimbursement for one vehicle, shipping costs for one vehicle, and up to two nights of lodging and reasonable meal expenses), (iii) reasonable costs for up to two house-hunting trips to the Company Headquarters Area (i.e., reimbursement of coach airfare, up to three nights of lodging expenses, and reasonable meal expenses for Executive and his immediate family), and (iv) the closing costs on the purchase of a new personal home in the Company Headquarters Area (including loan origination and inspections fees, but excluding points and realtor fees) ((i) through (iv) collectively, the “Relocation Payments”). All reimbursement requests made pursuant to this section must be submitted within sixty (60) days of the date they are incurred, and are subject to the Company’s reimbursement policy, including appropriate substantiation for any such requests. The Relocation Payments will be grossed up for applicable taxes upon payment or reimbursement to Executive, in each case subject to Executive’s continued employment through such gross up is paid. If, prior to the date twelve (12) months after the date Executive first incurred any expense subject to reimbursement under this paragraph, Executive’s employment is terminated by the Company for Cause or by Executive voluntarily without Good Reason, Executive agrees to repay the Company a portion of the Relocation Payments and tax gross up payments within thirty (30) days of Executive’s employment termination date, with such ...
Sample 1
AutoNDA by SimpleDocs
Relocation Reimbursements. Subject to the terms of the Company’s travel and relocation policies, the Executive will be eligible to receive relocation reimbursements for actual costs incurred in the Executive’s relocation, subject to a maximum reimbursement of $50,000 in actual costs incurred. Any relocation reimbursement shall be subject to a gross-up for applicable taxes (exclusive of the $50,000 cap). If the Executive resigns from employment with the Company without Good Reason or the Company terminates the Executive’s employment for Cause, in each case on or prior to the first anniversary of the Start Date, the Executive must repay the relocation reimbursement in full to the Company. If any repayment is due to the Company pursuant to this Section, the Executive agrees that the amount of the repayment due is payable in full immediately and the Executive agrees to permit the Company to deduct this amount from any monies or benefits due to the Executive including wages, bonuses, reimbursements and/or expenses and any remaining amounts are the Executive’s responsibility.
Sample 1
Relocation Reimbursements. In addition to the Relocation Bonus, the Company agrees to reimburse the Executive for the cost of up to three months of temporary executive housing incurred prior to the first anniversary of the Effective Date (the “Housing Allowance”), provided that such expense has been preapproved by the Company’s Chief People Officer. In the event the Executive is unable to relocate immediately, the Housing Allowance may be used to reimburse the Executive for commuting expenses until the Executive has relocated. The estimated value of the Housing Allowance is $8,000/month for three months, or an aggregate estimated value of $24,000. The Company also agrees to reimburse the Executive for any reasonably documented, nonrefundable school fees that are forfeited as a result of the Executive’s relocation.
Sample 1
Relocation Reimbursements. Vistaprint shall reimburse you for the expenses listed below, in all cases subject to Section 7 below.
Sample 1
Relocation Reimbursements. During the Employment Term, the ------------------------- Company will reimburse the Executive for reasonable business class travel and living expenses, including airfare, hotel and/or housing accommodations, incurred by Executive and his spouse traveling between the Company's offices and New York. In the event that Executive is the Chief Executive Officer of the Company on or after January 1, 2001, the Company will also reimburse the Executive at such times thereafter for customary and reasonable relocation costs and housing accommodations. Executive shall not be required to permanently relocate to the Company's offices until January 31, 2001.
Sample 1
Relocation Reimbursements. (i) Executive will be eligible to receive reimbursement for reasonable temporary housing and travel between Chicago, Illinois and San Diego, California for up to twelve (12) months, plus an amount equal to the full gross up for any taxable income Executive may recognize as a result of such reimbursement (the “Initial Relocation Reimbursement”). The Initial Relocation Reimbursement will be paid to Executive in accordance with the terms and conditions of Company’s expense reimbursement policy and provided Executive remains an employee of the Company on the date(s) the Initial Relocation Reimbursement is paid to Executive. Notwithstanding the foregoing, if, prior to the first anniversary of the Effective Date (x) Executive’s employment with the Company terminates due to Executive’s voluntary resignation other than for Good Reason or (y) the Company terminates Executive’s employment with the Company for Cause, then, Executive must repay the gross amount of the Initial Relocation Reimbursement paid to the Company within thirty (30) days of the date of such termination of employment.
Sample 1
Relocation Reimbursements. From the Employment Commencement Date ------------------------- until January 1, 2001, the Company will reimburse the Executive for reasonable business class travel and living expenses, including airfare and hotel accommodations, incurred by the Executive traveling between the Company's offices and Italy and for similar expenses incurred on behalf of his immediate family with respect to their visiting and staying with Executive in the United States, during the Year 2000. In addition, in the event that the Board appoints Executive to serve as the Chief Executive Officer of the Company on or after January 1, 2001, and Executive elects to serve as the Chief Executive Officer of the Company, the Company shall reimburse Executive for (i) reasonable moving expenses incurred by Executive and his family during their relocation from Executive's primary European residence to the United States and for (ii) reasonable housing accommodations to be mutually agreed to by the Company and Executive.
Sample 1
AutoNDA by SimpleDocs

Related to Relocation Reimbursements

  • Tuition Reimbursement A. Agencies may approve full or partial tuition reimbursement, consistent with agency policy and within available resources.

  • Travel Reimbursement 2.1 The County will only cover costs associated with travel on vendors outside a 50 mile radius from Xxxxxxxxxx County, Texas.

  • Expense Reimbursements To the extent that any reimbursements payable pursuant to this Agreement are subject to the provisions of Section 409A of the Code, any such reimbursements payable to Executive pursuant to this Agreement shall be paid to Executive no later than December 31 of the year following the year in which the expense was incurred, the amount of expenses reimbursed in one year shall not affect the amount eligible for reimbursement in any subsequent year, and Executive’s right to reimbursement under this Agreement will not be subject to liquidation or exchange for another benefit.

  • Business Expense Reimbursements During the Term, the Company shall promptly reimburse Executive for Executive’s reasonable and necessary business expenses in accordance with the Company’s then-prevailing policies and procedures for expense reimbursement (which shall include appropriate itemization and substantiation of expenses incurred).

  • Meal Reimbursement 1. If an employee is required to work one and one-half (1-1/2) hours before or beyond his/her normal working day or on overtime for emergency purposes or for extended work periods of five (5) or more hours in length on a day that is not the employee’s regular work day, and the employee is not exercising flexible work hours, the employee shall be reimbursed for the actual cost of a meal/food items not to exceed $18.00, plus tip (not to exceed 15%) and applicable taxes. Reimbursement is contingent upon the employee providing receipts.

  • Education Reimbursement The County will provide education reimbursement for education costs incurred by regular employees who apply for such reimbursement in accordance with the policies and procedures governing the education reimbursement program. The maximum reimbursement shall be $1,500 per year.

  • Mileage Reimbursement A. Subject to the current Vehicle Rules and Regulations established by the Board, an employee who is authorized to use a private automobile in the performance of duties shall be reimbursed for each mile driven in the performance of his or her duties during each monthly period as follows:

  • Travel Expense Reimbursement Pricing for services provided under this Contract are exclusive of any travel expenses that may be incurred in the performance of those services. Travel expense reimbursement may include personal vehicle mileage or commercial coach transportation, hotel accommodations, parking and meals; provided, however, the amount of reimbursement by Customers shall not exceed the amounts authorized for state employees as adopted by each Customer; and provided, further, that all reimbursement rates shall not exceed the maximum rates established for state employees under the current State Travel Management Program (xxxx://xxx.xxxxxx.xxxxx.xx.xx/procurement/prog/stmp/). Travel time may not be included as part of the amounts payable by Customer for any services rendered under this Contract. The DIR administrative fee specified in Section 5 below is not applicable to travel expense reimbursement. Anticipated travel expenses must be pre-approved in writing by Customer.

  • Business Expense Reimbursement During the Term of employment, the Executive shall be entitled to receive proper reimbursement for all reasonable, out-of-pocket expenses incurred by the Executive (in accordance with the policies and procedures established by the Company for its senior executive officers) in performing services hereunder, provided the Executive properly accounts therefore.

  • Disbursements, Reimbursement Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Lender’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Time is Money Join Law Insider Premium to draft better contracts faster.