Company Relocation Sample Clauses

Company Relocation a) In the event the Company relocates more than 50 km. from its present Richmond address, the Company will pay each employee a sum of $300.00 split into 2 equal payments of $150.00. The first payment shall be made at the time of the relocation and the 2nd payment made on the 1st anniversary date of the relocation. In the event the facility is relocated a distance greater than 80 km. from its present location, the payment shall be $600.00 split into 2 equal payments and paid as above.
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Company Relocation. In the event the Board of Directors determines to relocate the Company to a location outside of the New York City Metropolitan area and the Employee determines, at his option, not to relocate with the Company, then the Company shall pay the Employee a severance payment equal to the amounts set forth in Section 3(d) hereof as if the Employee were terminated without cause.
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Company Relocation. The Company acknowledges that funds are made available to it under this Agreement in whole or in part for the purpose of economic development for the State of South Carolina and particularly for generating professional research and development jobs in South Carolina. SC Launch has limited funds to make available to applicants, thus, to the extent SC Launch makes funds available to the Company, SC Launch may lose the opportunity to make those funds available to other applicants or participants in the SC Launch program. In addition, SC Launch incurs considerable expenses providing support services for its client companies. If the Company relocates from South Carolina after receiving funds from SC Launch, SC Launch and the State of South Carolina will suffer considerable harm, including potential lost jobs and wages for South Carolina citizens, lost tax revenue, wasted costs associated with providing support services, and lost opportunity costs had those funds and resources been made available to other companies. Accordingly, the Company agrees for a period of five (5) years from the date of this Agreement, that is shall not (a) move or relocate the Company’s principal office or principal place of business outside the State of South Carolina, and (b) have more than one-half, based on payroll expenses, of the Company’s total employees, or senior management employees, or employees engaged principally in professional research and development, employed at locations outside of the State of South Carolina (any of which shall be deemed a “Company Relocation”), unless the Company has paid SC Launch a Relocation Fee as set forth below. Before any Sale of the Company (as defined below), the Company, or its prospective successor or assignee, as applicable, will provide confirmation to SC Launch that the obligations of the Company to pay a Relocation Fee will continue or be assumed, as applicable, after the Sale of the Company, subject to any modifications of those obligations as may be agreed upon by SC Launch. SAMPLE
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Company Relocation. The Company acknowledges that funds are made available to it under this Agreement in whole or in part for the purpose of economic development for the State of South Carolina and particularly for generating professional research and development jobs in South Carolina. Accordingly, the Company agrees for a period of five years from the date of this Agreement, not to (a) move or relocate the Company Business or the Company’s principal office or principal place of business outside the State of South Carolina, and
Sample 1
Company Relocation. Within one (1) year of the Effective Date, the Company shall move its Company headquarters to an office established and opened in the Philadelphia, Pennsylvania metropolitan area (the "Philadelphia office"). The Company shall locate and transfer such functions to the Philadelphia office as Employee deems necessary and appropriate, on such timetables as he shall reasonably decide. Once the Philadelphia office is opened, Employee will work primarily from that office. Prior to the opening of the Philadelphia office, Employee will work from the Philadelphia metropolitan area approximately two-thirds (2/3) of the time.
Sample 1
Company Relocation. The Company acknowledges that funds are made available to it under this Agreement in whole or in part for the purpose of economic development for the State of South Carolina and particularly for generating professional research and development jobs in South Carolina. SC Launch has limited funds to make available to applicants, thus, to the extent SC Launch makes funds available to the Company, SC Launch may lose the opportunity to make those funds available to other applicants or participants in the SC Launch program. In addition, SC Launch incurs considerable expenses providing support services for its client companies. If the Company relocates from South Carolina after receiving funds from SC Launch, SC Launch and the State of South Carolina will suffer considerable harm, including potential lost jobs and wages for South Carolina citizens, lost tax revenue, wasted costs associated with providing support services, and lost opportunity costs had those funds and resources been made available to other companies. Accordingly, the Company agrees for a period of five (5) years from the latest date of any Advance under this Agreement, that it shall not (a) move or relocate the Company’s principal office or principal place of business outside the State of South Carolina, and
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Company Relocation 
Sample 1
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Related to Company Relocation

  • Relocation World Omni shall give WOAR at least 60 days’ prior written notice of any relocation of its principal executive office or jurisdiction of formation if, as a result of such relocation, the applicable provisions of the UCC would require the filing of any amendment of any previously filed financing or continuation statement or of any new financing statement and shall promptly file any such amendment or new financing statement.

  • Employment Location The Company or an Affiliate requiring the Executive to be based at any location that is more than fifty (50) miles from the location at which the Executive is based immediately prior to the CIC Date.

  • Company Release Each of the Company, PubCo, Acquiror and their respective Subsidiaries (if any) and each of its and their successors, assigns and executors (each, a “Company Releasor”), effective as at the Acquisition Effective Time, shall be deemed to have, and hereby does, irrevocably, unconditionally, knowingly and voluntarily release, waive, relinquish and forever discharge Sponsor, its Affiliates (other than Acquiror and its Subsidiaries (if any)) and their respective successors, assigns, heirs, executors, officers, directors, partners, managers and employees (in each case in their capacity as such) (each, a “Company Releasee”), from (a) any and all obligations or duties such Company Releasee has prior to or as of the Acquisition Effective Time to such Company Releasor, (b) all claims, demands, liabilities, defenses, affirmative defenses, setoffs, counterclaims, actions and causes of action of whatever kind or nature, whether known or unknown, which any Company Releasor has, may have or might have or may assert now or in the future, against any Company Releasee arising out of, based upon or resulting from any Contract, transaction, event, circumstance, action, failure to act or occurrence of any sort or type, whether known or unknown, and which occurred, existed, was taken, permitted or begun prior to the Acquisition Effective Time (except in the event of fraud on the part of a Company Releasee); provided, however, that nothing contained in this Section 8.4 shall release, waive, relinquish, discharge or otherwise affect the rights or obligations of any party (i) arising under this Agreement or the Transaction Documents, or (ii) for any claim for fraud.

  • RELOCATION OF TENANT Upon prior written notice to Tenant, Landlord shall have the right to relocate Tenant to new space (the “Relocation Space”) within the Project that is comparable in size, utility, and condition to the Premises, including similar Tenant Improvements. Such relocation will be effective on a date specified by Landlord in its relocation notice, which date will not be less than ninety (90) days after the date of such notice. If Landlord relocates Tenant, Landlord will reimburse Tenant for Tenant’s reasonable out-of-pocket expenses for moving Tenant’s furniture, equipment, and supplies from the Premises to the Relocation Space, and other reasonable relocation costs. Tenant shall be entitled to concurrently occupy both the Premises and Relocation Space for a period not to exceed twenty (20) days in order to effectuate its relocation in a minimally non-disruptive manner. Upon such relocation, the Relocation Space will be deemed to be the Premises and the terms of this Lease will remain in full force and effect and apply to the Relocation Space. No amendment or other instrument shall be necessary to effectuate the relocation contemplated by this Section; however, if requested by Landlord, Tenant shall execute and deliver to Landlord an appropriate amendment document within twenty (20) days after Landlord’s request therefor. If Tenant fails to execute and deliver such relocation amendment within such time period, or if Tenant fails to relocate within the time period stated in Landlord’s relocation notice to Tenant (or, if the Relocation Space is not available on the date specified in Landlord’s relocation notice, as soon thereafter as the Relocation Space becomes available and is tendered to Tenant in the condition required by this Lease), then, in addition to Landlord’s other remedies set forth in this Lease, at law and/or in equity, Landlord may terminate this Lease by notifying Tenant in writing thereof at least sixty (60) days prior to the termination date contained in Landlord’s termination notice. Landlord’s exercise of its rights as permitted by this Section shall not (a) constitute a constructive eviction, an interference with Tenant’s right of quiet enjoyment, or a disturbance of Tenant’s right to use the Premises; and (b) subject Landlord to damages, including, but not limited to, damages for loss of goodwill, business, or profits. Time is of the essence with respect to Tenant’s obligations under this Section.

  • Company Records Records of the Company or its Subsidiaries regarding your period of service, termination of service and the reason(s) therefor, and other matters shall be conclusive for all purposes hereunder, unless determined by the Company to be incorrect.

  • Employment Position The parties agree that the employment of Executive by Employer shall continue for the term referred to in Section 2. Employer agrees to continue the employment of Executive in a senior officer position for both Employer and Bank with the same titles referenced above. Executive shall devote his full time during business hours to the performance of his duties hereunder and shall at all times use his best efforts to promote the best interests of Employer. Executive shall report to the Chief Executive Officer, or such other senior executive officer of Employer or Bank, as the Chief Executive Officer of Employer, the Chairman of the Board, or the Board of Directors (“Board”) shall direct.

  • Relocation Benefits If the Executive moves his residence in order to pursue other business or employment opportunities during the Continuation Period and requests in writing that the Company provide relocation services, he will be reimbursed for any expenses incurred in that initial relocation (including taxes payable on the reimbursement) which are not reimbursed by another employer. Benefits under this provision will include assistance in selling the Executive's home and all other assistance and benefits which were customarily provided by the Company to transferred executives prior to the Change in Control.

  • Cooperation of the Parties Each Party agrees to cooperate fully in the preparation, filing, and prosecution of any Patent Rights under this Agreement. Such cooperation includes, but is not limited to:

  • Relocation Reimbursement In the event the Company changes the principal place of business at which the Executive performs his duties to a location that is outside of a 50 mile radius of Jenkintown, Pennsylvania, the Company shall reimburse the Executive for all reasonable relocation expenses, including but not limited to, temporary housing for the Executive and his family.

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