Housing Reimbursement Sample Clauses

Housing Reimbursement. The Executive owns a single family residence located at 000 Xxxxxxxx Xxxxx, Copper Canyon, Texas, 75077 (the “Residence”). If the Residence is sold within 180 days after receipt by the Executive of notice of the Board’s election to relocate the Executive, the Company agrees to reimburse the Executive for an amount (if positive) equal to (1) the aggregate sum of (X) the Executive’s purchase price for the Residence and all land and mineral rights owned by the Executive adjacent to the Residence and (Y) the cost of all capital improvements to the Residence and the adjacent land, less (2) the sales price of the Residence net of commissions, closing costs and required repairs. If the Executive is unable to secure a buyer during the 180 day period, the Company will purchase Residence on the 181st day at a purchase price equal to 100% of the average of two appraised values obtained from two independent appraisers selected by the Executive subject to approval of the Company, which approval shall not be unreasonably withheld.
Sample 1
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Housing Reimbursement. The Executive shall be eligible to receive a one-time UHC housing reimbursement payment of $25,180; provided, however, if the Executive’s employment with the Company terminates by reason of election by the Executive for other than for Good Reason or termination for Cause by the Company before the second anniversary of her Start Date, the Company will be entitled to recover from the Executive, and Executive agrees to pay back to the Company, the prorated portion of the UHC housing reimbursement representing the number of days that the Executive was short of being employed for 730 days.
Sample 1
Housing Reimbursement. The Executive owns a single family residence located at 0000 Xxxxxxxxxx Xxxxx, Xxxxxxx, Xxxxx, 00000 (the ‘Residence’). If the Residence is sold prior to December 31, 2011, the Company agrees to reimburse the Executive for an amount (if positive) equal to (1) the sum of the Executive’s purchase price for the Residence and capital improvements, less (2) the sales price of the Residence net of commissions, closing costs and required repairs; provided, that in no event shall such reimbursement exceed $200,000. Notwithstanding the foregoing, if the Executive is terminated by the Company for Cause or if the Executive voluntarily resigns without Good Reason, either of which events occur within the one-year period after the date of the closing of the sale of the Residence, then, as applicable, (1) the Executive agrees to repay to the Company, within 30 days of the Date of Termination, any reimbursement made by the Company under this Paragraph 3(b)(xii) (including any payment made pursuant to Paragraph 3(b)(xiii) relating to such reimbursement) or (2) the Company shall not be obligated to make any reimbursement payment as otherwise provided in this Paragraph 3(b)(xii).”
Sample 1
Housing Reimbursement. The Company will pay Executive the --------------------- reasonable closing costs incurred by Executive as a result of the sale of his primary residence located in Chaska, Minnesota, which amount shall be "grossed up" for tax purposes at an assumed tax rate of thirty-six percent (36%). Company shall also pay Executive the reasonable closing costs incurred by Executive as a result of the purchase of his primary residence located in Orange County, California, which amount shall be "grossed up" for tax purposes at an assumed tax rate of thirty-six percent (36%).
Sample 1
Housing Reimbursement. Upon presentation of reasonable substantiation and documentation as the Company may specify from time to time, the Company shall reimburse the Executive during the Employment Term on a monthly basis for the reasonable costs incurred by the Executive in obtaining temporary housing in the vicinity of the Company’s headquarters (the “Housing Reimbursement”); provided that each monthly Housing Reimbursement under this Section 6(e) shall not exceed $6,250 and the aggregate Housing Reimbursement under this Section 6(e) shall not exceed $75,000; provided, further, that the Housing Reimbursement shall only be provided until the earlier of the first anniversary of the Effective Date or the Executive’s relocation of his primary residence from Minnesota to the vicinity of the Company’s headquarters. To the extent that the Housing Reimbursement constitutes taxable income to the Executive, the amount of the Housing Reimbursement shall be grossed-up so that the after-tax amount received by the Executive is equal to the amounts provided herein.
Sample 1
Housing Reimbursement. The Company will pay Executive the --------------------- reasonable closing costs incurred by Executive as a result of the sale of his primary residence located in The Woodlands, Texas, which amount shall be "grossed up" for tax purposes at an assumed tax rate of thirty-six percent (36%). Company shall also pay Executive the reasonable closing costs incurred by Executive as a result of the purchase of his primary residence located in Orange County, California, which amount shall be "grossed up" for tax purposes at an assumed tax rate of thirty-six percent (36%).
Sample 1
Housing Reimbursement. During the Term, the Company shall reimburse Executive for the cost of housing rental and related insurance, subject to a maximum reimbursement in an amount to be mutually agreed to be Executive and the Company.
Sample 1
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Housing Reimbursement. The Executive owns a single family residence located at 0000 Xxxxxxxxxx Xxxxx, Xxxxxxx, Xxxxx, 00000 (the ‘Dallas Residence’). Upon the closing of the sale of the Dallas Residence pursuant to a contract negotiated at arm’s length, if such sale occurs prior to December 31, 2012, the Company agrees to reimburse the Executive for an amount (if positive) equal to (1) the sum of the Executive’s purchase price for the Dallas Residence and capital improvements but not to exceed $900,000, less (2) the sales price of the Dallas Residence reduced by the amount of commissions, closing costs and required repairs. Notwithstanding the foregoing, if the Executive is terminated by the Company for Cause or if the Executive voluntarily resigns without Good Reason, either of which events occur within the three-year period beginning on September 30, 2011, then, as applicable, (1) the Executive agrees to repay to the Company, within 30 days of the Date of Termination, the product of any reimbursement made by the Company under this Paragraph 3(b)(xii) (including any payment made pursuant to Paragraph 3(b)(xiii) relating to such reimbursement) times a fraction (A) the numerator of which is the number of full months remaining after the Date of Termination in the three-year period beginning on September 30, 2011, and (B) the denominator of which is thirty six, or (2) if no reimbursement has been made by the Company under this Paragraph 3(b)(xii) as of the Date of Termination, the Company shall not be obligated to make any reimbursement payment as otherwise provided in this Paragraph 3(b)(xii) (including any payment made pursuant to Paragraph 3(b)(xiii) relating to such reimbursement).”
Sample 1

Related to Housing Reimbursement

  • Meal Reimbursement 1. If an employee is required to work one and one-half (1-1/2) hours before or beyond his/her normal working day or on overtime for emergency purposes or for extended work periods of five (5) or more hours in length on a day that is not the employee’s regular work day, and the employee is not exercising flexible work hours, the employee shall be reimbursed for the actual cost of a meal/food items not to exceed $18.00, plus tip (not to exceed 15%) and applicable taxes. Reimbursement is contingent upon the employee providing receipts.

  • Mileage Reimbursement A. Subject to the current Vehicle Rules and Regulations established by the Board, an employee who is authorized to use a private automobile in the performance of duties shall be reimbursed for each mile driven in the performance of his or her duties during each monthly period as follows:

  • Tuition Reimbursement A. Agencies may approve full or partial tuition reimbursement, consistent with agency policy and within available resources.

  • Expense Reimbursements To the extent that any reimbursements payable pursuant to this Agreement are subject to the provisions of Section 409A of the Code, any such reimbursements payable to Executive pursuant to this Agreement shall be paid to Executive no later than December 31 of the year following the year in which the expense was incurred, the amount of expenses reimbursed in one year shall not affect the amount eligible for reimbursement in any subsequent year, and Executive’s right to reimbursement under this Agreement will not be subject to liquidation or exchange for another benefit.

  • Expense Reimbursement The Executive shall be entitled to receive reimbursement for all appropriate business expenses incurred by him in connection with his duties under this Agreement in accordance with the policies of the Company as in effect from time to time.

  • Course Reimbursement 15.9.1 Prior approval by the Department of Accountability & Staff and School Renewal is required.

  • Travel Expense Reimbursement Pricing for services provided under this Contract are exclusive of any travel expenses that may be incurred in the performance of those services. Travel expense reimbursement may include personal vehicle mileage or commercial coach transportation, hotel accommodations, parking and meals; provided, however, the amount of reimbursement by Customers shall not exceed the amounts authorized for state employees as adopted by each Customer; and provided, further, that all reimbursement rates shall not exceed the maximum rates established for state employees under the current State Travel Management Program (xxxx://xxx.xxxxxx.xxxxx.xx.xx/procurement/prog/stmp/). Travel time may not be included as part of the amounts payable by Customer for any services rendered under this Contract. The DIR administrative fee specified in Section 5 below is not applicable to travel expense reimbursement. Anticipated travel expenses must be pre-approved in writing by Customer.

  • Travel Reimbursement 2.1 The County will only cover costs associated with travel on vendors outside a 50 mile radius from Xxxxxxxxxx County, Texas.

  • Business Expense Reimbursement During the Term of employment, the Executive shall be entitled to receive proper reimbursement for all reasonable, out-of-pocket expenses incurred by the Executive (in accordance with the policies and procedures established by the Company for its senior executive officers) in performing services hereunder, provided the Executive properly accounts therefore.

  • Business Expense Reimbursements During the Term, the Company shall promptly reimburse Executive for Executive’s reasonable and necessary business expenses in accordance with the Company’s then-prevailing policies and procedures for expense reimbursement (which shall include appropriate itemization and substantiation of expenses incurred).

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