Angiotech will Sample Clauses

Angiotech will. (a) pay the Executive the total amount of $100,000 for the purpose of assisting the Executive in obtaining suitable housing in the Vancouver area, which will be paid in three instalments, as follows: (i) $50,000, upon the commencement of the Executive's employment with Angiotech; (ii) $25,000, on March 26, 2008; and (iii) $25,000, on March 26, 2009; (b) upon the submission by the Executive of appropriate receipts, reimburse the Executive for moving-related expenses incurred by the Executive that Angiotech, in its sole discretion, determines are reasonably necessary in connection with the relocation of the Executive's household and immediate family to the Vancouver area, which will include all expenses that Angiotech determines are reasonably necessary for the following purposes: (i) a managed move of the Executive's household from Toronto to the Vancouver area, including packing, insurance, and transportation of household goods and automobiles; (ii) legal fees, real estate fees and commissions, and land transfer taxes in respect of the sale of the Executive's residence in Toronto, and the purchase of a residence in the Vancouver area; (iii) travel for the Executive and the Executive's immediate family from Toronto to Vancouver; and (iv) rental of temporary accommodation in the Vancouver area for the Executive and the Executive's immediate family for up to a maximum of six months; and (c) upon or after the commencement of the Executive's commencement of employment with Angiotech, pay the Executive an allowance of $5,000 for miscellaneous additional moving-related expenses.
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