Housing Expenses Clause Samples

Housing Expenses. The Company and Executive acknowledge that, in prior years up to and including 2024, the Company has paid Executive a $60,000 taxable housing stipend (the 1 “Stipend”). The Company, acting through the Board, will consider whether to grant Executive a stipend in subsequent years. Any such determination shall be made by the Board in its discretion. To avoid doubt, the Company is under no obligation to grant the Stipend.

Housing Expenses. During the HK Assignment, the Company will pay up to HK$155,138 per month for Executive’s costs of renting a house or apartment in Hong Kong, and Company will also pay Executive’s costs for utilities, insurance and taxes related to such rental. This rental payment will be made by Company directly to the landlord. Executive’s housing allowance limit will be reviewed by Company annually, commencing July 2014, and increased by the Hong Kong annual inflation rate. In the event that, during the HK Assignment, the landlord fails to meet his obligations under the lease or the lease is terminated through no fault of the Executive, the Company will ensure that the Executive receives temporary housing comparable to the terminated lease and the Company will pay for the reasonable costs incurred by Executive in relocating to other equivalent housing in Hong Kong.

Housing Expenses. The Company understands that the Executive intends to maintain his primary residence outside the Massachusetts area. The Company agrees to provide the Executive with a housing allowance for reasonable housing and living expenses of $5,600 per month, related to the rental or purchase of a home, within suitable distance to the Company’s headquarters, which payment shall be made on a fully tax grossed-up basis. The Company also will reimburse the Executive for (i) reasonable travel, meals and lodging expenses incurred by him for up to two trips for the purpose of securing such house or apartment within a suitable distance to the Company’s headquarters and (ii) reasonable moving expenses in relocating his belongings from his residence in Florida to such house or apartment.

Housing Expenses. The Company will rent or lease on your behalf accommodation of your choice within commuting distance of London and will contribute up to a maximum value of £6,890 per calendar month towards your housing costs (covering rent, management fees, government rates and utilities). The Company will recover from you on a monthly basis any amount that it spends on your behalf over and above this figure. The Company will also cover any realtor brokerage costs and deposit requirements related to your housing. During the period before you locate permanent housing, the Company will provide appropriate transitional accommodation in either a hotel or serviced apartment for a period estimated to be one month. Other than as set forth herein, the costs associated with providing you housing will not be deducted from your compensation.

Housing Expenses. (i) Costs associated with selling a residence at the “old” location, including agent’s commission, legal expenses, stamp duty and bank charges. (ii) Costs associated with the purchase or construction of a new residence at the “new “ location, where that residence will be the usual place of residence, such as legal expenses, stamp duty, bank charges, connection of utilities and mortgage insurance (one-off payment).

Housing Expenses. During the Term, the Company shall reimburse the Executive for reasonable housing or other accommodation expenses for living accommodations located in Chicago, Illinois.

Housing Expenses. The Board agrees to reimburse the Superintendent for the Superintendent’s expenses for his housing in the City of Athens (up to the amount of $1,250.00 per month), and such payments shall be made until the earlier of (i) the date he has sold his home at ▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, or (ii) June 30, 2014.

Housing Expenses. Pursuant to Employee's move from Employee's old residence to Employee's new residence, Company is willing to advance to Employee the dollar amount equal to 100 percent of the closing costs (including real estate broker commission not to exceed 6%) involved in the sale of one of Employee's residences and the dollar amount equal to 100 percent of the closing costs and points involved in the purchase of Employee's local residence ("Residence Purchase and Sale Expenses"). Employee must submit a copy of the closing statement without exception for all such stipulated costs incurred regardless of party making payment. Such documentation must be submitted to Company Payroll Department within sixty (60) days from the day in which cost was incurred. At Company's expense and not subject to Employee's repayment, Company shall arrange and provide Employee with temporary housing for up to ninety days until Employee is able to find local housing and pay the initial deposit and first month's rent of Bay Area rental residence up to $10,000. NOTWITHSTANDING ANY PROVISIONS HEREIN TO THE CONTRARY, IF EMPLOYEE IS CONTINUOUSLY EMPLOYED WITH COMPANY THROUGH THE INITIAL TERM, EMPLOYEE SHALL NOT BE REQUIRED TO REPAY THE RESIDENCE PURCHASE AND SALE EXPENSES TO COMPANY, EVEN IF SUCH EXPENSES ARE INCURRED BEYOND THE INITIAL TERM.

Housing Expenses. The Company shall continue to provide temporary ----------------- housing through December 2001. In addition, the Company requires the Employee to maintain a home office for the Company's convenience.