Common use of REQUIRED RELOCATION Clause in Contracts

REQUIRED RELOCATION. (a) S2 acknowledges that (i) on the date of this agreement DAB resides in Canton, Ohio and (ii) except as provided in subparagraph (b) below, the relocation of DAB's residence near to S2's principal place of business is not a condition precedent to DAB's employment. (b) S2 and DAB acknowledge that is anticipated that at some point in time during the Employment Period the BOD will decide on a permanent location of S2's operations and that DAB will then be required to relocate near to such permanent location. Upon such relocation, (i) DAB's commuting expense reimbursement benefits included on Exhibit B shall cease and (ii) S2's reimbursement of DAB's relocation related expenditures shall be subject to the Relocation Policy of S2 then in effect for all executive employees.

REQUIRED RELOCATION. (a) S2 acknowledges that (i) on the date of this agreement DAB resides in Canton, Ohio and (ii) except as provided in subparagraph (b) below, the relocation of DAB's residence near to S2's principal place of business is not a condition precedent to DAB's employment. (b) S2 and DAB acknowledge that it is anticipated that at some point in time during the Employment Period the BOD will decide on a permanent location of for S2's operations and that DAB will then be required to relocate near to such permanent location. Upon such relocation, (i) DAB's commuting expense reimbursement benefits included on Exhibit B shall cease and (ii) S2's reimbursement of DAB's relocation related expenditures shall be subject to the Relocation Policy of S2 then in effect for all executive employees.