Former Residence definition
Examples of Former Residence in a sentence
The reimbursement provided for under this Section 3(b)(x)(C) is subject to Employee using reasonable efforts to sell the Former Residence.
The Company will reimburse for one time, reasonable moving and packing expenses in an amount of $10,000, which will be paid consistent with the guidelines set forth in the Company’s Policies on Reimbursement of Employee’s Expenses Resulting from Transfer, and Selling Former Residence and Loans to Acquire New Residence.
During the Employment Term, the ----------------------- Company will reimburse Executive for the difference between Executive's annual property tax obligation for the Former Residence (as defined below) and Executive's annual property tax obligation for the New Residence (as defined below) following the closing of Executive's purchase of the New Residence.