Required Relocation definition

Required Relocation means if you are required to relocate to a new position that is more than 75 miles from the location of your employment prior to such written required relocation.

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Required Relocation means if you are required to relocate to a new position that is outside of Long Island or, in the event you are willingly transferred to another SMSC location, that is more than 75 miles from the location of your employment.

Required Relocation means the Company’s requirement that an Eligible Executive relocate to a work site in excess of fifty (50) miles from the current work site of the Eligible Executive’s principal job location or office.

Examples of Required Relocation in a sentence

• Upon ------------------------------- Required Relocation or Material Breach.

• Port shall give Permittee at least 90 days prior written notice (the “Change Notice”) setting forth a description of the Required Relocation or the Assigned Space Change, as applicable, the approximate effective date thereof (the “Target Effective Date”), the “Maximum Reimbursement Amount,” if any, and with respect to a Required Relocation, the location of the on-Airport replacement Assigned Space, as conclusively determined by the Port.

• Upon Required Relocation or Material --------------------------------------------------------------- Breach.

• In addition to the Maximum Reimbursement Amount (if any), in the event of a Required Relocation, and upon approval to pay such costs as evidenced by a resolution or ordinance duly adopted by the Board, the Port shall pay to Permittee the unamortized costs of Permittee’s improvements to the original Assigned Space.

• Port shall give Permittee at least 180 90 days prior written notice (the “Change Notice”) setting forth a description of the Required Relocation or the Assigned Space Change, as applicable, the approximate effective date thereof (the “Target Effective Date”), the “Maximum Reimbursement Amount,” if any, and with respect to a Required Relocation, the location of the on-Airport replacement Assigned Space, as conclusively determined by the Port.

• Notwithstanding the foregoing, in the event of a Required Relocation of an ATM unit, Tenant shall have no right to terminate this Lease and shall relocate the ATM unit at Tenant’s sole cost and expense without reimbursement from City or reduction of the Minimum Annual Guarantee.

• This Section 5.2 does not apply to a Required Relocation or a Leased Premises Change under Section 3.3 and SARAA’s obligations under Section 3.3 regarding the reimbursement to Concessionaire of certain costs of a Required Relocation or a Leased Premises Change as set forth in Section 3.3.

• With respect to a Required Relocation, if the replacement Leased Premises is deemed unsatisfactory to Concessionaire, then Concessionaire may terminate this Agreement by giving notice thereof to SARAA within thirty (30) days after the Change Notice is given.

• Port shall give Permittee at least 180 days prior written notice (the “Change Notice”) setting forth a description of the Required Relocation or the Assigned Space Change, as applicable, the approximate effective date thereof (the “Target Effective Date”), the “Maximum Reimbursement Amount,” if any, and with respect to a Required Relocation, the location of the on-Airport replacement Assigned Space, as conclusively determined by the Port.

• This cost is included in the Board-adopted Infrastructure Improvement Plan FY 2020-2025 budget under projects P-3 Ekwill, ▇▇▇▇▇▇, and ▇▇▇▇▇▇▇▇▇ Infrastructure Relocation and P-4 City, County, Caltrans Required Relocation Projects.

More Definitions of Required Relocation

Required Relocation means if you are required to relocate to a new position that is outside of Long Island or, in the event you are willingly transferred to another SMSC location, that is more than 75 miles from the location of your employment. The foregoing severance benefits may not be reduced without your written consent, notwithstanding the terms and conditions of any Severance Plan, or the cancellation of modification of any Severance Plan. The payment of 12 months base salary as severance is in lieu of any severance payment of base salary you would receive as part of any Severance Plan; however you shall receive any additional benefits not set forth herein to which you are entitled as an Executive as part of any Severance Plan. The parties acknowledge that the payment of some or all of the above severance benefits payable under the SMSC Severance Plan or this Letter Agreement may be considered to be a form of nonqualified deferred compensation benefits subject to 409A. In recognition of this fact, the parties hereby agree and confirm as follows: i. Notwithstanding anything to the contrary in this Agreement, in no event shall any benefits be paid to you prior to the 6th month anniversary of your Separation from Service as defined pursuant to 409A, unless otherwise permissible under 409A. Any and all payments that may not be paid prior to such 6th month anniversary shall be delayed until the first day of the month after such 6th anniversary occurs and shall retroactively apply to make you whole for any lost benefits, with interest at the rate of prime plus 2%, determined as of the first day of the month in which the Separation from Service occurred. To the extent that you are required to pay for the cost of any benefits to keep them in full force and effect during the 6 month delay period, you shall also be reimbursed for such out-of-pocket expenses as of the same date provided above with the same rate of interest. ii. In the event that any payment or benefit required to be paid to you pursuant to this Agreement would violate 409A, the parties agree notwithstanding any provisions of this Agreement to the contrary, to amend this Agreement, to the extent necessary and reasonable to maintain the spirit of this Agreement without resulting in a violation under Section 409A. iii. In the event of a violation of 409A , it is not the intent of the Company for you to incur the excise tax and other penalties under 409A. Accordingly, to the extent any excise taxes, or underpayment of...

Required Relocation has the meaning set forth in Section 10.02.