Common use of Temporary Accommodation Allowance Clause in Contracts

Temporary Accommodation Allowance. To assist the Executive in taking up residence in an appropriate property in an appropriate London location as soon as practicable, the Company will provide a monthly allowance (taxable) towards his relocation. For the first twelve months this will be £20,416.67 a month, the second year £12,083.33 a month, and the third year £7,500.00 a month.