Common use of Real Estate and Legal Fees Clause in Contracts

Real Estate and Legal Fees. On relocation or within one year of the effective date of relocation, an employee who purchases and/or sells their private dwelling house, will be entitled to claim for the following expenses upon production of receipts: (a) Reimbursement of fees to a maximum of $4,000, charged by a real estate agency for the selling of the employee's private dwelling home in which they resided immediately prior to relocation. (b) An employee who has sold their own home without the aid of a realtor shall be entitled to claim $500. (c) Allowance for legal fees encumbered upon the employee because of the purchase of their private dwelling house in which they live after relocation will be paid in accordance with the following: (i) one percent of the first $40,000 of the purchase price; (ii) one-half of one percent of any amount of the purchase price above $40,000; (iii) the total cost to the Employer under Section 2.10(c) shall not exceed $800. (d) Where an employee purchases a reasonable amount of property, secures a joint mortgage (land and private dwelling) and begins construction within six months of relocation (i.e., foundation poured), they shall be entitled to reimbursement of legal fees not to exceed the amount specified in Section 2.10(c) above. In these circumstances, the reimbursement shall be for one transaction only. (e) The employee may only claim legal fee reimbursement in either Section 2.10(c) or (d) above, not both.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Real Estate and Legal Fees. On relocation or within one year of the effective date of relocation, an employee who purchases and/or sells their private dwelling house, will be entitled to claim for the following expenses upon production of receipts: (a) Reimbursement of fees to a maximum of $4,0008,500, charged by a real estate agency for the selling of the employee's private dwelling home in which they resided immediately prior to relocation. (b) An employee who has sold their own home without the aid of a realtor shall be entitled to claim $5002,000. (c) Allowance for legal fees encumbered upon the employee because of the purchase of their private dwelling house in which they live after relocation will be paid in accordance with the following: (i) one percent : ➢ 1% of the first $40,000 50,000 of the purchase price; (ii) ; ➢ one-half of one percent 1% of any amount of the purchase price above $40,000; (iii) 50,000; ➢ the total cost to the Employer under Section 2.10(cpart (c) shall not exceed $8001,000. (d) Where an employee purchases a reasonable amount of property, secures a joint mortgage (land and private dwelling) and begins construction within six months of relocation (i.e.ie., foundation poured), they shall be entitled to reimbursement of legal fees not to exceed the amount specified in Section 2.10(c(c) above. In these circumstances, the reimbursement shall be for one transaction only. (e) The employee may only claim legal fee reimbursement in either Section 2.10(c(c) or (d) above, not both.

Appears in 1 contract

Samples: Master Agreement

Real Estate and Legal Fees. On relocation or within one year of the effective date of relocation, an employee who purchases and/or sells their his private dwelling house, will be entitled to claim for the following expenses upon production of receipts: (a) Reimbursement reimbursement of fees to a maximum of $4,000, 4,500 charged by a real estate agency for the selling of the employee's private dwelling home in which they he resided immediately prior to relocation.; (b) An an employee who has sold their his own home without the aid of a realtor Realtor shall be entitled to claim $500.750; (c) Allowance allowance for legal fees encumbered upon the employee because of the purchase of their his private dwelling house in which they live he lives after relocation will be paid in accordance with the following: (i1) one percent (1%) of the first $40,000 of the purchase price; (ii2) one-half (½) of one percent (1%) of any amount of the purchase price above $40,000; (iii3) the total cost to the Employer under Section 2.10(csection (c) shall not exceed $800.; (d) Where where an employee purchases a reasonable amount of property, secures a joint mortgage (land and private dwelling) ), and begins construction within six months of relocation (i.e., foundation poured), they he shall be entitled to reimbursement of legal fees not to exceed the amount specified in Section 2.10(c(c) above. In these circumstances, the reimbursement shall be for one transaction only.; (e) The the employee may only claim legal fee reimbursement in either Section 2.10(c(c) or (d) above, not both.

Appears in 1 contract

Samples: Collective Agreement

Real Estate and Legal Fees. On relocation relocation, or within one year of the effective date of relocation, an employee who purchases and/or sells their private dwelling house, will be entitled to claim for the following expenses upon production of receipts: (a) Reimbursement Effective upon signing of this Agreement, reimbursement of fees to a maximum of $4,000, 6,000 charged by a real estate agency for the selling of the employee's private dwelling home in which they resided immediately prior to relocation. (b) An employee employee, who has sold their own home without the aid of a realtor realtor, shall be entitled to claim $5001,000. (c) Allowance for legal fees encumbered upon the employee because of the purchase of their private dwelling house in which they live after relocation will be paid in accordance with the following: (i1) one percent of the first $40,000 of the purchase price; (ii2) one-half of one percent of any amount of the purchase price above $40,000; (iii3) the total cost to the Employer under Section 2.10(cPart (c) shall not exceed $800900. (d) Where an employee purchases a reasonable amount of property, secures a joint mortgage (land and private dwelling) and begins construction within six months of relocation (i.e., foundation poured), they shall be entitled to reimbursement of legal fees not to exceed the amount specified in Section 2.10(c) above. In these circumstances, the reimbursement shall be for one transaction only. (e) The employee may only claim legal fee reimbursement in either Section 2.10(c) or (d) above, not both.in

Appears in 1 contract

Samples: Collective Agreement

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Real Estate and Legal Fees. On relocation relocation, or within one year of the effective date of relocation, an employee who purchases and/or sells their private dwelling house, will be entitled to claim for the following expenses upon production of receipts: (a) Reimbursement Effective upon signing of this agreement, reimbursement of fees to a maximum of $4,000, 6,000 charged by a real estate agency for the selling of the employee's private dwelling home in which they resided immediately prior to relocation. (b) An employee employee, who has sold their own home without the aid of a realtor realtor, shall be entitled to claim $5001,000. (c) Allowance for legal fees encumbered upon the employee because of the purchase of their private dwelling house in which they live after relocation will be paid in accordance with the following: (i1) one percent of the first $40,000 of the purchase price; (ii2) one-half of one percent of any amount of the purchase price above $40,000; (iii3) the total cost to the Employer under Section 2.10(cPart (c) shall not exceed $800900. (d) Where an employee purchases a reasonable amount of property, secures a joint mortgage (land and private dwelling) and begins construction within six months of relocation (i.e., foundation poured), they shall be entitled to reimbursement of legal fees not to exceed the amount specified in Section 2.10(c) above. In these circumstances, the reimbursement shall be for one transaction only. (e) The employee may only claim legal fee reimbursement in either Section 2.10(c) or (d) above, not both.in

Appears in 1 contract

Samples: Collective Agreement

Real Estate and Legal Fees. On relocation relocation, or within one year of the effective date of relocation, an employee who purchases and/or sells their a private dwelling house, will be entitled to claim for the following expenses upon production of receipts: (a) Reimbursement of fees fees, to a maximum of $4,0008,500 effective April 1, 2001, charged by a real estate agency for the selling of the employee's private dwelling home in which they the employee resided immediately prior to relocation. (b) An employee employee, who has sold their own home a private dwelling house without the aid of a realtor realtor, shall be entitled to claim $5002,000. (c) Allowance for legal fees encumbered upon the employee because of the purchase of their a private dwelling house in which they live the employee lives after relocation will be paid in accordance with the following: (i) one percent : - 1% of the first $40,000 50,000 of the purchase price; (ii) one-half of one percent . - .5% of any amount of the purchase price above $40,000; (iii) 50,000. - the total cost to the Employer under Section 2.10(cpart (c) shall not exceed $8001,000. (d) Where an employee purchases a reasonable amount of property, secures a joint mortgage (land and private dwelling) and begins construction within six months of relocation (i.e., i.e. foundation poured), they ) the employee shall be entitled to reimbursement of legal fees not to exceed the amount specified in Section 2.10(c(c) above. In these circumstances, the reimbursement shall be for one transaction only. (e) The employee may only claim legal fee reimbursement in either Section 2.10(c(c) or (d) above, not both.or

Appears in 1 contract

Samples: Master and Subsidiary Agreements

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