Common use of Company Relocation Clause in Contracts

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. b) In addition to 14.04 (a), if the Company relocates a distance greater than 80 km. from its present Richmond address, the Company will pay a $1500.00 moving allowance to any employee moving a minimum of 25 km. closer to the new location. The employee must advise the Company of their intent to move within 90 days of the official announcement and actually relocate within 6 months of the Company’s relocation.

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. b) In addition to 14.04 (15.04 a), if the Company relocates a distance greater than 80 km. from its present Richmond address, the Company will pay a $1500.00 moving allowance to any employee moving a minimum of 25 km. closer to the new location. The employee must advise the Company of their intent to move within 90 days of the official announcement and actually relocate within 6 months of the Company’s relocation.

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. b) In addition to 14.04 (15.04 a), if the Company relocates a distance greater than 80 km. from its present Richmond address, the Company will pay a $1500.00 moving allowance to any employee moving a minimum of 25 km. closer to the new location. The employee must advise the Company of their intent to move within 90 days of the official announcement and actually relocate within 6 months of the Company’s relocation.