Common use of Purchase Guarantee Clause in Contracts

Purchase Guarantee. 23.6.2.1 The Company will provide a purchase guarantee based on an appraisal of the property's current worth by a group of up to three (3) appraisers, to be selected by mutual agreement betw een the Company and the employee. The appraisals will be done at a time that is convenient to the employee and his/her family. Individual appraisa ls provided to the Company by the realtors/appraisers will not be disclosed to ensure objectivity for current and future appraisals. 23.6.2.2 The Company will not request appraisals until the employee is ready to list his/her house in the marketplace, providin g this is within one (1) year of the employee's transfer to the new work location, and the employee is prepared to abide by Subsection 23.6. 2.4 and Subsection 23.6.3.1. 23.6.2.3 The employee must accept or reject the Company’s Purchase Guarantee within five (5) working days of its receipt. If the employee rejects the Purchase Guarantee, the Company has no further responsibility with regard to Housing Assistance or the Purchase Guarantee, however, the employee will still be entitled to the other relocation assistance benefits including 23.6.5.3. 23.6.2.4 If the employee wishes to participate in the Housing Assistance Plan, the employee must not list the property for sale until the Purchase Guarantee has been accepted.

Appears in 1 contract

Samples: Collective Agreement

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Purchase Guarantee. 23.6.2.1 26.6.2.1 The Company will provide a purchase guarantee based on an appraisal of the property's current worth by a group of up to three (3) appraisers, to be selected by mutual agreement betw een between the Company and the employee. The appraisals will be done at a time that is convenient to the employee and his/her family. Individual appraisa ls appraisals provided to the Company by the realtors/appraisers will not be disclosed to ensure objectivity for current and future appraisals. 23.6.2.2 26.6.2.2 The Company will not request appraisals until the employee is ready to list his/his or her house in the marketplace, providin g providing this is within one (1) year of the employee's transfer to the new work location, and the employee is prepared to abide by Subsection 23.6. 2.4 26.6.2.4 and Subsection 23.6.3.126.6.3.1. 23.6.2.3 26.6.2.3 The employee must accept or reject the Company’s Purchase Guarantee within five (5) working days of its receipt. If the employee rejects the Purchase Guarantee, the Company has no further responsibility with regard to Housing Assistance or the Purchase Guarantee, however, the employee will still be entitled to the other relocation assistance benefits including 23.6.5.326.6.5.3. 23.6.2.4 26.6.2.4 If the employee wishes to participate in the Housing Assistance Plan, the employee must not list the property for sale until the Purchase Guarantee has been accepted.

Appears in 1 contract

Samples: Collective Agreement

Purchase Guarantee. 23.6.2.1 The Company will provide a purchase guarantee based on an appraisal of the property's current worth by a group of up to three (3) appraisers, to be selected by mutual agreement betw een the Company between Corporate Real Estate and the employee. The appraisals will be done at a time that is convenient to the employee and his/her family. Individual appraisa ls appraisals provided to the Company by the realtors/appraisers will not be disclosed to ensure objectivity for current and future appraisals. 23.6.2.2 The Company will not request appraisals until the employee is ready to list his/his or her house in the marketplace, providin g providing this is within one (1) year of the employee's transfer to the new work location, and the employee is prepared to abide by Subsection 23.6. 2.4 23.6.2.4 and Subsection 23.6.3.1. 23.6.2.3 The employee must accept or reject the Company’s Purchase Guarantee within five (5) ten working days of its receipt. If the employee rejects the Purchase Guarantee, the Company has no further responsibility with regard to Housing Assistance or the Purchase Guarantee, however, the employee will still be entitled to the other relocation assistance benefits including 23.6.5.3. 23.6.2.4 If the employee wishes to participate in the Housing Assistance Plan, the employee must not list the property for sale until the Purchase Guarantee has been accepted.

Appears in 1 contract

Samples: Collective Agreement

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Purchase Guarantee. 23.6.2.1 The Company will provide a purchase guarantee based on an appraisal of the property's current worth by a group of up to three (3) appraisers, to be selected by mutual agreement betw een the Company between Corporate Real Estate and the employee. The appraisals will be done at a time that is convenient to the employee and his/her family. Individual appraisa ls appraisals provided to the Company by the realtors/appraisers will not be disclosed to ensure objectivity for current and future appraisals. 23.6.2.2 The Company will not request appraisals until the employee is ready to list his/his or her house in the marketplace, providin g providing this is within one (1) year of the employee's transfer to the new work location, and the employee is prepared to abide by Subsection 23.6. 2.4 and Subsection 23.6.3.1.Subsection 23.6.2.3 The employee must accept or reject the Company’s Purchase Guarantee within five (5) working days of its receipt. If the employee rejects the Purchase Guarantee, the Company has no further responsibility with regard to Housing Assistance or the Purchase Guarantee, however, the employee will still be entitled to the other relocation assistance benefits including 23.6.5.3. 23.6.2.4 If the employee wishes to participate in the Housing Assistance Plan, the employee must not list the property for sale until the Purchase Guarantee has been accepted.

Appears in 1 contract

Samples: Collective Agreement

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