Common use of Deposit Assistance Clause in Contracts

Deposit Assistance. i. If a landlord/lessor requires an advance deposit(s) as a requirement of leasing a residential property, the Company shall provide deposit assistance up to a maximum of $10,000 per pilot. The purpose of the deposit assistance is to mitigate the financial burden placed upon pilots who are required to supply advance deposits. The provision of the deposit assistance shall be on a tax free basis to the pilot.

Appears in 4 contracts

Samples: Letter of Agreement, Tentative Agreement, Letter of Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!