Transition Support and Allowances Sample Clauses
The "Transition Support and Allowances" clause defines the obligations and benefits provided to individuals or parties during a period of change, such as the end of employment or the transfer of responsibilities. Typically, this clause outlines the types of support offered, which may include financial allowances, continued access to certain resources, or assistance with finding new opportunities. Its core practical function is to ensure a smooth transition by providing stability and support, thereby reducing disruption and uncertainty for those affected.
Transition Support and Allowances. The Company shall pay for the following expenses, allowances and benefits through the Assignment Term. Such allowances and benefits shall not be considered for purpose of any calculations under the Company’s benefit plans. All of the benefits provided in this Addendum are inclusive of a Representation Allowance of CHF 100,000.
(a) Work Permits/Visas. The Company will assist in obtaining the proper work permits and/or visas necessary for the provision of services in Switzerland and reimburse the Executive for any work permit/visa, passport and immigration expenses, including expenses for dependents of the Executives relocating or intending to relocate to Switzerland.
Transition Support and Allowances. The Company shall pay for the following expenses, allowances and benefits with respect to the Swiss Assignment. Such allowances and benefits shall not be considered for purpose of any calculations under the Company’s benefit plans.
(a) Work Permits/Visas. The Company will assist in obtaining the proper work permits and/or visas necessary for the provision of services in Switzerland and reimburse Executive for any work permit/visa, passport and immigration expenses, including expenses for Executive’s spouse. Mr. T. ▇▇▇▇▇▇▇ ▇▇▇▇ February 15, 2011