Common use of Transportation and Moving Expenses Clause in Contracts

Transportation and Moving Expenses. Candidates selected to vacancies which represent a lateral or demotion in accordance with Article 10.1 and employed for a minimum of four years in their current work headquarters shall be entitled to moving expenses in accordance with the provisions of Part 'A', Item 24.0. Should the employee who has received a paid move under this clause leave his/her employment with ESA voluntarily prior to the end of the two (2) year period following the move, he/she must re-pay a pro-rated amount of the total moving expenses paid for Legal and Real Estate Brokerage Fees, Incidental Out-of-Pocket Moving Expenses and physical move costs. The formula for calculating the pro-rated repayment amount is 24 months less the number of months since the move, divided by 24, times the total moving expenses paid. Repayment is not required for an employee who dies or transfers to long term disability. Candidates selected to placement opportunities as per Article 10.2 will not be automatically entitled to the moving and transportation expenses provided in Part 'A', Item 24.0. Reimbursement of any such expenses incurred by the employee, in whole or in part, shall be at Management's discretion. Employees appointed to positions which are filled due to an agreed to waiver of posting and/or selection, as provided in 10.1.3 (b) (3), will be entitled to moving expenses in accordance with the provisions of Part 'A', Item 26.0.

Appears in 3 contracts

Samples: Partnership Agreement, Partnership Agreement And, Partnership Agreement And

AutoNDA by SimpleDocs

Transportation and Moving Expenses. Candidates selected to vacancies which represent a lateral or demotion in accordance with Article 10.1 and employed for a minimum of four years in their current work headquarters shall be entitled to moving expenses in accordance with the provisions of Part 'A', Item 24.0. Should the employee who has received a paid move under this clause leave his/her employment with ESA voluntarily prior to the end of the two (2) year period following the move, he/she must re-pay a pro-rated amount of the total moving expenses 3Equal Classification - as defined in Article 11. paid for Legal and Real Estate Brokerage Fees, Incidental Out-of-Pocket Moving Expenses and physical move costs. The formula for calculating the pro-rated repayment amount is 24 months less the number of months since the move, divided by 24, times the total moving expenses paid. Repayment is not required for an employee who dies or transfers to long term disability. Candidates selected to placement opportunities as per Article 10.2 will not be automatically entitled to the moving and transportation expenses provided in Part 'A', Item 24.0. Reimbursement of any such expenses incurred by the employee, in whole or in part, shall be at Management's discretion. Employees appointed to positions which are filled due to an agreed to waiver of posting and/or selection, as provided in 10.1.3 (b) (3), will be entitled to moving expenses in accordance with the provisions of Part 'A', Item 26.0.

Appears in 1 contract

Samples: Partnership Agreement And

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