Relocation Program. “Relocation Program” means the Cinergy Corp. Relocation Program, or any similar program or successor to that program, as in effect on the date of the Executive’s termination of employment.
Relocation Program. This document describes the Executive relocation/reimbursement program (the “Relocation Program”) available to the Executive.
Relocation Program. Xxxxxxx will be eligible to participate in CP&L's relocation program in accordance with its terms. However, CP&L will pay to Xxxxxxx an additional amount to compensate him for the income taxes Xxxxxxx will incur on these benefits.
Relocation Program. The Employer will provide relocation assistance in the event of location closure, to eligible regular full- time employees who elect to exercise a permanent transfer to a Ryder Integrated Logistics account location in accordance with the following:
Relocation Program. The Company agrees to reimburse Executive for actual expenses reasonably incurred by the Executive in order to relocate to the San Francisco Bay Area as provided in the Company’s relocation policies as follows: (i) actual moving and relocation expenses of family and possessions to the San Francisco Bay Area, (ii) transactions and closing costs in connection with the acquisition of a new home in the San Francisco Bay Area and the sale of a prior home in the Los Angeles area (but only including real estate brokerage fees for sale of Executive’s home in the Los Angeles area), (iii) a housing stipend of up to $20,000 per month for up to 12 months in order to cover rental of an additional residence in the San Francisco Bay Area, (iv) reimbursement of travel expenses of the Executive and his spouse and offspring for up to the first 12 months of employment with the Company to allow the Executive to travel back and forth to Los Angeles on a once per week basis, and (v) a tax adjustment “gross up” payment in an amount equal to the entire amount of all income taxes imposed with respect to the reimbursement payments in clauses (i) through (v) of this Section 3(e) (including any income taxes imposed upon the “gross up” payment itself under this clause (v)), such that the Executive’s receipt of the reimbursement payments under this Section 3(e) is “tax neutral” to Executive from an income tax perspective.
Relocation Program. Nothing herein shall be deemed to require TIMET to continue or modify the Relocation Program following the Closing. TIMET acknowledges that no accruals as of the Closing Date shall be established in connection with the Relocation Program for purposes of the adjustment to the Preliminary Purchase Price pursuant to the provisions of section2(g).
Relocation Program. Xxxxx will be eligible to participate in the ------------------ CP&L relocation program in accordance with its terms.
Relocation Program. Executive shall be eligible for participation in the Company’s relocation program dated May 28, 2008 (the “Relocation Program”) to relocate from Executive’s current residence to the Bellevue, Washington area. In the event that Executive is in good faith unable to sell Executive’s primary residence, located at 000 Xxxxxxxx Xxxxx, Xxxxx Xxxx, Xxxxx 00000, within 90 days after the Effective Date, the Compensation Committee of the Company’s Board of Directors shall declare such inability to sell an “undue hardship” and Executive will be allowed to participate in the Guaranteed Offer Program as set forth in Appendix B to the Relocation Policy. As a condition to being able to participate in the Relocation Program, Executive agrees (A) to be bound by the terms of the Relocation Program, (B) to relocate on a permanent basis to the Bellevue, Washington area by no later than September 30, 2011 (the “Washington Relocation”), and (C) to execute the Agreement to Repay Relocation Costs attached as Appendix A hereto (the “Relocation Repayment Agreement”) prior to the Effective Date.
Relocation Program. Kilgore will be eligible to participate in CP&L relocation program xx xxxordance with its terms with any taxable portion grossed up.
Relocation Program. The Executive shall be entitled to the relocation services and reimbursements regularly offered by the Company to executive officers and as set forth in the letter from the Company to the Executive dated as of the date of this Agreement (the “Offer Letter”).
