Relocation and Housing. Within six (6) months of the execution of this Agreement, Employee agrees that he will relocate to the North Bay Area (herein defined as being within a fifty (50) mile radius of Petaluma, CA), in which case the Company will provide for the following:
Relocation and Housing. In the event Executive relocates to the United States, the Company will pay or reimburse Executive for the reasonable costs and expenses in an amount not to exceed $25,000 in U.S. Dollars to cover moving and relocation expenses, temporary living expenses and one family house hunting trip (“Relocation Expenses”) and the Company shall withhold from such payment all amounts required to be deducted or withheld under applicable law. All Relocation Expenses will be paid within 30 days of Executive’s submission of documentation of those expenses. If Executive terminates his employment other than for a Covered Termination prior to the second anniversary of the earlier of the relocation or the initial payment of the Relocation Expenses the Executive expressly acknowledges and agrees that the Executive shall reimburse the Company for the pro-rated net amount of all Relocation Expenses received within thirty days following such termination.
Relocation and Housing. Executive shall be eligible for a payment of $7,500.00 per month for up to eighteen (18) months to cover temporary housing and travel expenses including income taxes thereon. Executive will be eligible for relocation assistance consistent with the Rite Aid Corporation executive relocation plan.
Relocation and Housing. (i) The Executive shall relocate to the Salt Lake City, Park City, Utah area not later than April 30, 2002; provided; however, that in the event the Executive shall provide written notice to the Company of his intention not to relocate (“Relocation Refusal Notice”) on or prior to April 30, 2002, and continues in the employ of the Company through July 31, 2002 (unless earlier terminated by the Company other than for Cause (as such term is defined in Section 4(b)(ii) or 4(b)(iii) of this Agreement), or on account of the Executive’s death or Disability), then upon his termination following the delivery of such Relocation Refusal Notice he shall receive a lump sum payment equal to 90 days of Base Salary. Upon a termination pursuant to this Section 3(h)(i) the Executive shall not be entitled to any other payments or benefits that might otherwise be provided by Section 4 of this Agreement, other that those provided under Section 4(c) and 4(h) hereof, provided, further, that in no manner shall the foregoing restrict any payments which may be due or become due under the Retention Letter as defined below.
Relocation and Housing. Commencing on the Effective Date, the Company agrees to pay Executive a temporary housing allowance of $3,000 per month, payable to Executive on or before the 10th day of each calendar month, for the purpose of assisting Executive in paying the costs associated with temporary housing or living quarters in Mexico City. This temporary monthly housing allowance will end or expire upon the earlier to occur of (1) Executive’s move into permanent housing or living quarters In Mexico City, or (2) the expiration of the Employment Term. In addition thereto, the Company agrees to reimburse Executive for all reasonable and verifiable moving expenses that are incurred and paid by Executive in moving furniture, personal effects and vehicles to any temporary or permanent housing or living quarters that Executive may secure in Mexico City, in an amount not exceeding, in the aggregate, the sum of $25,000.
Relocation and Housing. In connection with your commitment to travel to Senegal regularly as part of your duties and responsibilities hereunder, the Company will pay to you (i) a one-time payment of $20,000, which will be paid to you within 10 business days following the Effective Date; (ii) a monthly housing allowance of $5,000, which will be paid to you along with your Base Salary in accordance with the Company’s normal payroll practices; and (iii) two round trip business class tickets for you and two round trip business class tickets for your wife, Xxxxx Xxxxxx, per year, from Utah or Nevada to Senegal.
Relocation and Housing. Commencing on the Effective Date, the Company agrees to pay Executive a temporary housing allowance of $2,000 per month, payable to Executive on or before the 10th day of each calendar month, for the purpose of assisting Executive in paying the costs associated with housing or living quarters in Mexico City. This monthly housing allowance will end or expire upon the expiration of the Employment Term. In addition thereto, the Company agrees to reimburse Executive for all reasonable and verifiable moving expenses that are incurred and paid by Executive in moving furniture, personal effects and vehicles to any temporary or permanent housing or living quarters that Executive may secure in Mexico City, in an amount not exceeding, in the aggregate, the sum of $15,000. Until the time of Executive’s relocation to Mexico City, the Company agrees to reimburse Executive for the airfare for one round trip from Mexico to Russia every three months during the Employment Term.
Relocation and Housing. The Company will provide the Home Sale Platinum relocation package ( see attached schedule) which includes Guaranteed Home Sale. Home to be purchased on the following terms: Executive is currently marketing his home and will continue to make every effort to sell his home prior to relocation. Home is currently being marketed for $330,000 . The Company guarantees to purchase the home on 30 days notice anytime after March 30, 2002 for a price of $315,000. This provision supercedes the normal appraisal process for determining the sales price. Costs of selling old home and closing costs of new home to be covered as provided for under the Platinum relocation package with the exception of all costs associated with temporary living assistance which will be provided for under the following sub- section (i).
