Common use of Rental Expenses Clause in Contracts

Rental Expenses. The Company (and/or its Subsidiaries) shall --------------- pay all costs to rent a new residence which is located within thirty-five (35) miles of the location of the Company's new principal executive offices, to be selected by the Executive and which is comparable to the Executive's then current residence including all utilities, maintenance, insurance and other occupancy costs (the "Old Residence"); provided, however, in the event the Executive rents the Old Residence to a third party, the amount of the rental the Company (and/or its Subsidiaries) pay shall be reduced by the amount of rent (net of expenses) received by the Executive with respect to the Old Residence. The Company's (and/or its Subsidiaries') obligation shall terminate upon the earlier of (i) such time as the Executive, without any obligation to do so, sells or disposes of the Old Residence; or (ii) thirty (30) months after the date of the Relocation.

Rental Expenses. The Company (and/or its Subsidiaries) shall pay --------------- pay all costs to rent a new residence which is located within thirty-five (35) miles of the location of the Company's new principal executive offices, to be selected by the Executive and which is comparable to the Executive's then current residence including all utilities, maintenance, insurance and other occupancy costs (the "Old Residence"); provided, however, in the event the Executive rents the Old Residence to a third party, the amount of the rental the Company (and/or its Subsidiaries) pay shall be reduced by the amount of rent (net of expenses) received by the Executive with respect to the Old Residence. The Company's (and/or its Subsidiaries') obligation shall terminate upon the earlier of (i) such time as the Executive, without any obligation to do so, sells or disposes of the Old Residence; or (ii) thirty (30) months after the date of the Relocation.