Relocation Terms and Benefits Sample Clauses

Relocation Terms and Benefits. The Company will pay up to a maximum of $300,000 in relocation expenses (including but not limited to all costs associated with commuting, temporary living and taxes associated with grossing up all taxable, non-deductible expenses) in accordance with the i2 Technologies US, Inc. Homeowner’s Relocation Policy unless otherwise defined within this Section 1.4.7. The relocation must be initiated no later than six (6) months from the date a successor to the current CEO is hired, and completed as soon as possible, but no later than six (6) months from the date the relocation is actually initiated. The date on which the Employee initiates the relocation shall hereinafter be referred to as the relocation initiation date. The date on which the Employee completes the relocation shall hereinafter be referred to as the relocation completion date. Included in the $300,000 maximum relocation expenses defined in this Section 1.4.7, while the Employee is commuting, the Company will provide a grossed up monthly allowance of $6,000 per month for travel to and from Dallas, a rental car and housing of choice for up to twelve (12) months from the date a successor to the current CEO is hired, or until the relocation completion date, whichever is earlier. By signing this Agreement, Employee acknowledges having read, understood and agrees to abide by the guidelines set forth in the i2 Technologies US, Inc. Homeowner’s Relocation Policy with the exception of any different terms defined within this Section 1.4.7. In the event that the Employee voluntarily terminates employment prior to completing two full years of employment with the Company from the relocation initiation date, Employee agrees to reimburse the Company for 100% of the total amount of the relocation expenses incurred, less commuting expenses incurred prior to the relocation initiation date. Further, if Employee voluntarily terminates employment after completing two full years of employment with the Company after the relocation initiation date, but prior to completing three full years of employment with the Company after the relocation initiation date, Employee must reimburse to the Company 50% of the total amount of the relocation expenses incurred, less commuting expenses incurred prior to the relocation initiation date. Unless other payment arrangements are made to reimburse i2 in a timeframe agreeable to the Company, Employee authorizes the Company to deduct any monies due to the Company from Employee’s pay or oth...
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Related to Relocation Terms and Benefits

  • Vacation and Benefits The Executive is entitled to four (4) weeks of vacation, which will accrue on a pro-rata basis during the employment year, in addition to all public holidays when the office is closed. Executive will be eligible to participate in all employee benefit plans established by the Company for its employees from time to time, subject to general eligibility and participation provisions set forth in such plans. In accordance with Company policies from time to time and subject to proper documentation, the Company will reimburse you for all reasonable and proper travel and business expenses incurred by you in the performance of your duties.

  • Rights and Benefits In all policies of D&O Insurance, the Indemnitee shall be named as an insured in such a manner as to provide the Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’s directors, if the Indemnitee is a director; or of the Company’s officers, if the Indemnitee is not a director of the Company but is an officer; or of the Company’s key employees, if the Indemnitee is not a director or officer but is a key employee.

  • Company Policies and Benefits The employment relationship between the parties shall also be subject to the Company’s personnel policies and procedures as they may be interpreted, adopted, revised or deleted from time to time in the Company’s sole discretion. Executive will be eligible to participate on the same basis as similarly situated employees in the Company’s benefit plans in effect from time to time during his employment. All matters of eligibility for coverage or benefits under any benefit plan shall be determined in accordance with the provisions of such plan. The Company reserves the right to change, alter, or terminate any benefit plan in its sole discretion. Notwithstanding the foregoing, in the event that the terms of this Agreement differ from or are in conflict with the Company’s general employment policies or practices, this Agreement shall control.

  • Pay and Benefits A. The Agency shall continue to pay salary and benefits which includes pension contribution, insurance and paid leave time consistent with what they earned before their appointment. Employees appointed as a Contract Specialist shall not be eligible for reimbursement for uniforms, boots or other ancillary items while serving as a Contract Specialist the specifics which will be noted in the employee’s Contract Specialist agreement.

  • Insurance and Benefits Company shall allow Executive to participate in each employee benefit plan and to receive each executive benefit that Company provides for senior executives at the level of Executive's position.

  • Severance Pay and Benefits Upon Termination by the Company without Cause or by the Executive for

  • ADDITIONAL COMPENSATION AND BENEFITS The Executive shall receive the following additional compensation and welfare and fringe benefits:

  • Salaries and Benefits (i) Seller shall be responsible for (A) the payment of all wages and other remuneration due to Active Employees with respect to their services as employees of Seller through the close of business on the Closing Date, including pro rata bonus payments and all vacation pay earned prior to the Closing Date; and (B) the payment of any termination or severance payments and the provision of health plan continuation coverage in accordance with the requirements of COBRA and Sections 601 through 608 of ERISA.

  • Severance Payments and Benefits For purposes of this Agreement, the term "Severance Payments and Benefits" shall mean:

  • Payment and Benefits In consideration of the promises made in this Release, Employer has agreed to pay Executive the benefits as provided in that certain employment agreement made and entered into as of _________________________, by and between the Parties (the “Employment Agreement”). Executive understands and acknowledges that the benefits described in this Section 2 constitute benefits in excess of those to which Executive would be entitled without entering into this Release. Executive acknowledges that such benefits are being provided by Employer as consideration for Executive entering into this Release, including the release of claims and waiver of rights provided in Section 3 of this Release.

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