Relocation and Commuting Expenses Clause Samples
The Relocation and Commuting Expenses clause defines the terms under which an employer will reimburse or cover costs associated with an employee's move or travel to a new work location. Typically, this clause outlines which expenses are eligible for reimbursement, such as moving household goods, temporary housing, or regular commuting costs, and may set limits or require pre-approval for certain expenditures. Its core function is to ensure that employees are not financially disadvantaged by a required relocation or extended commute, thereby facilitating smooth transitions and supporting workforce mobility.
Relocation and Commuting Expenses. During the Term, the Company will reimburse the Executive for reasonable, documented, out-of-pocket relocation expenses of up to $150,000 (plus any tax gross-up, below) incurred by the Executive in connection the Executive’s relocation from the New York metropolitan area to the Boston metropolitan area. In addition to any reimbursement of relocation expenses, from the Effective Date until the date the Executive relocates to the Boston metropolitan area, the Company shall reimburse all reasonable, documented commuting expenses to and from the Executive’s principal residence in the New York metropolitan area (“Commuting Expenses”). The parties agree to cooperate and use commercially reasonable efforts to cause, to the extent permitted by the Internal Revenue Code of 1986, as amended (the “Code”), any reimbursements under this Section 2.8 to be structured in a tax-efficient manner. Notwithstanding the foregoing, the Executive shall be solely liable for all income and employee-paid payroll taxes, if any, related to reimbursements of Commuting Expenses (to the extent not otherwise constituting nontaxable business expense reimbursements) and he shall be grossed up for all income taxes incurred with respect to the reimbursement of other relocation expenses incurred under this Section 2.8.
Relocation and Commuting Expenses. Subject to Executive providing reasonable documentation to the Company, the Company shall reimburse Executive up to a total of Sixty-Seven Thousand Dollars ($67,000) annually for transportation, commuting, lodging and other relocation expenses (including moving and house hunting expenses and other direct costs incurred in connection with any relocation) incurred by Executive during the Term.
Relocation and Commuting Expenses. The Executive hereby agrees to relocate within 50 miles of the Company’s executive offices, which will be established at a location to be determined by the Board, currently anticipated to be Lake Mary, Florida.
(a) The Company will provide the Executive with a lump-sum payment of $50,000 (the “Relocation Payment”) for all reasonable and necessary actual out-of-pocket relocation expenses paid or incurred by the Executive. The Relocation Payment will be made within thirty days after the Executive completes the relocation.
(b) If this Agreement is terminated under Section 5(c) or 5(g) within 2 years of the Executive completing his relocation then the Executive will reimburse the Company the full amount of the Relocation Payment
(c) The Executive will complete the relocation process not later than August 31, 2009. During the period from the Effective Date up to the date when the Executive completes his relocation, the Executive’s office will be located in Central Florida and the Executive will commute between the office and his current residence.
(d) During the period from the Effective Date until the completion of the Executive’s relocation the Company will reimburse the Executive for reasonable out of pocket travel expenses incurred in commuting between the Executive’s home in Ellicott City, Maryland and the Company’s offices in Central Florida.
(e) During the period from the Effective Date until the completion of the Executive’s relocation the Company will reimburse the Executive for reasonable out of pocket expenses incurred for temporary housing and meals while in Florida.
Relocation and Commuting Expenses. The Company will pay for or reimburse Executive for expenses incurred in connection with Executive’s commute between the Illinois and Dallas/Fort Worth areas and the eventual relocation to the Dallas/Fort Worth area. The Company’s payment and reimbursement of commuting will be limited to Executive’s actual expenses and will not exceed $35,000 (the “Commuting Expenses”). Executive shall be entitled to reimbursement of reasonable relocation expenses actually incurred, including purchase and sale transaction expenses, temporary housing costs and related incidental expenses in an aggregate amount up to $165,000, grossed-up so that such expenses are tax-neutral to Executive (the “Relocation Expenses”); provided, however, that such reimbursement of Relocation Expenses shall be subject to the following: (i) if Executive relocates his family to the Dallas/Fort Worth area within six months from the Effective Date, Executive will be eligible for reimbursement of Relocation Expenses for an eighteen (18) month period following the Effective Date or (ii) if Executive does not relocate his family to the Dallas/Fort Worth area within six months from the Effective Date, Executive will be eligible for reimbursement of Relocation Expenses for the six-month period following the Effective Date. If Executive resigns his employment with the Company for any reason, or if Executive is terminated by the Company for cause, and such resignation or termination occurs on or before the two-year anniversary of the Effective Date, Executive will repay the Company for all amounts paid to Executive as Commuting Expenses and Relocation Expenses.
Relocation and Commuting Expenses. (a) The Company shall reimburse the Employee for reasonable interim commuting and lodging expenses as well as relocation, expenses incurred, not to exceed $50,000, relating to the Employee’s interim commuting and lodging expenses as well as relocation from California to Massachusetts (including transportation and moving of household items and any other related out-of-pocket moving expenses) (the “Relocation and Commuting Expenses”), upon presentation by the Employee of documentation, expense statements, receipts, vouchers and/or such other supporting information as the Company may request.
(b) The Company shall pay the Employee a gross up payment equal to the sum of any federal and state income taxes and social security and medicare employment taxes (collectively, the “Taxes”) payable with respect to the Relocation Expenses and Commuting Expenses, plus such additional Taxes as may be imposed on the Employee attributable to the receipt of such gross up payment. Any such payment for Taxes shall be made no later than the end of the Employee’s taxable year next following the Employee’s taxable year in which the Employee’s remits the Taxes.
Relocation and Commuting Expenses. To help defray the Executive's relocation and commuting expenses, the Company shall pay the Executive a lump sum payment of $200,000, grossed up for any taxes on such payment (such that the Executive shall receive the foregoing amount net after taxes) (collectively, the "Relocation Lump Sum") in January 2020 (but in no event prior to 30 days following the Effective Date), subject to the Executive's employment with the Company on the payment date. The Executive agrees to relocate to the greater Boston, Massachusetts area on or before the twenty-four (24)-month anniversary of the Effective Date (the "Relocation Deadline"). Until the Executive relocates, (i) the Executive shall commute to the Company's offices in Boston on a weekly basis from his current home state; and (ii) the Executive agrees that he typically shall spend four days a week physically working from the Company's Boston offices. If the Executive terminates the Executive's employment hereunder without Good Reason or the Executive's employment is terminated by the Company for Cause, in either case prior to the Relocation Deadline, or if the Executive remains employed by the Company but fails to relocate to the Boston area prior to the Relocation Deadline, the Executive shall repay to the Company the entire Relocation Lump Sum within 30 days after (i) the Relocation Deadline or (ii) if earlier, the date of the Executive's termination of employment with the Company.
Relocation and Commuting Expenses. The Company will pay or reimburse the Executive up to fifty thousand ($50,000) for reasonable and customary relocation costs incurred in relocating to the Boston area by August 1, 2018 or, the event the initial filing of the NDA is delayed beyond March 30, 2018, September 30, 2018 (such date, the “Relocation Date”), subject to such reasonable documentation and substantiation as the Company may specify from time to time. The Company will also reimburse the Executive for reasonable and customary monthly commuting expenses, consistent with The Company’s travel practices, through the Relocation Date (such commuting period, the “Commuting Period”). It is understood and agreed that through the initial filing and NDA filing, the Executive will be on site at the Company’s offices in Massachusetts for a minimum of three to four (3-4) days per week. For the balance of the Commuting Period, the Executive will be on site at the Company’s offices in Massachusetts for an average of at least two (2) weeks each month, unless she is traveling on behalf of the Company.
Relocation and Commuting Expenses. To help defray the Executive's relocation and commuting expenses, the Company shall pay the Executive a lump sum payment of $260,000, grossed up for any taxes on such payment (such that the Executive shall receive the foregoing amount net after taxes) (collectively, the “Relocation Lump Sum”) within thirty (30) days following the Effective Date, subject to the Executive's employment with the Company on the payment date. The Executive agrees to relocate to the greater Minneapolis, Minnesota area on or before the date that is six (6) months from the Effective Date (the "Relocation Deadline"). Until the Executive relocates, (i) the Executive shall commute to the
(ii) the Executive agrees that he typically shall spend four days a week physically working from the Company’s corporate offices. If the Executive terminates the Executive's employment hereunder without Good Reason or the Executive's employment is terminated by the Company for Cause, in either case prior to the Relocation Deadline, or if the Executive remains employed by the Company but fails to relocate to the Greater Minneapolis area prior to the Relocation Deadline, the Executive shall repay to the Company the entire Relocation Lump Sum within thirty (30) days after (i) the Relocation Deadline or (ii) if earlier, the date of the Executive's termination of employment with the Company.
Relocation and Commuting Expenses