Relocation and Housing Assistance Sample Clauses

Relocation and Housing Assistance. In order to assist Employee in relocating his household to Fairfield County, Connecticut, Employee shall receive (i) a cash payment equal to $100,000, which shall be payable in two equal installments of $50,000 each on the three-month anniversary of the Start Date and the sixth-month anniversary of the Start Date, and (ii) a cash payment equal to $20,000, which shall be payable in five equal installments of $4,000 each on or as promptly as practicable following the Start Date and on each of the first payroll dates during each of the next four months, provided that, in the cases of clauses (i) and (ii), Employee remains continuously employed by the Company on each payment.
Sample 1Sample 2
AutoNDA by SimpleDocs
Relocation and Housing Assistance. 64.13.1 AMEC NSS will restructure the cost of relocation so it mitigates the disincentive in the redeployment of surplus staff.
Sample 1
Relocation and Housing Assistance. In order to assist Employee in relocating his household to Fairfield County, Connecticut: (i) Employee shall receive a cash payment equal to $20,000, which shall be payable in five equal installments of $4,000 each on or as promptly as practicable following the Start Date and on each of the first payroll dates during each of the next four months and (ii) the Company will pay or reimburse, upon receipt of reasonable evidence of such expenses from Employee commuting expenses for travel between the Company’s offices and Employee’s residence in Maryland of up to $2,500 per month following the Start Date, provided that, in the case of each of clause (i) and clause (ii), Employee remains continuously employed by the Company on the applicable payment date.
Sample 1
Relocation and Housing Assistance. The Company agrees to reimburse you for all reasonable expenses for you to relocate your family from New Brunswick, New Jersey to the greater Los Angeles, California area. This assistance will include real estate commission and closing costs incurred in selling your residence in New Jersey, all moving and storage costs, reasonable interim living expenses, and a reasonable move-in allowance (painting, etc.). The aggregate amount of this relocation assistance shall not exceed $60,000. Whenever possible, the Company will be billed directly, and will pay directly, all reasonable expenses related to your relocation, subject to the foregoing $60,000 limit. The intent of the parties is that your reasonable relocation expenses, up to $60,000, shall not have an adverse personal tax effect. At your option, the Company shall provide to you, at the time you close the purchase of your new Los Angeles-area residence, a second mortgage loan (the "Mortgage") which shall be recourse to you and shall be secured by a second deed of trust on your new Los Angeles-area residence. The amount of the Mortgage shall not be greater than the lesser of the Net Equity Requirement (as hereinafter defined) or $500,000. The "Net Equity Requirement" shall be equal to the excess of the purchase price paid by you for your new Los Angeles-area residence over the gross sales price (i.e., without deducting for any mortgages satisfied at closing or for closing costs) obtained by you in connection with the sale of your New Jersey residence. In the event you have not closed the sale of your New Jersey residence at the time you close on your new Los Angeles-area residence, the Net Equity Requirement will be estimated by the Company based upon ninety percent (90%) of your broker's listing price (in the event your New Jersey residence is not yet under contract) or the contract price (in the event the residence is under contract), and the amount of the Mortgage will be adjusted, as necessary, in the event the actual sales price at closing does not reflect the foregoing estimate. The Mortgage shall be zero coupon and payable within five (5) years of your Start Date. The Mortgage shall accrue interest throughout the entire five years at the lowest interest rate required in order for the Mortgage to qualify as debt for tax purposes. As of this date, the interest rate on the Mortgage would be 4.88%. If you leave the Company voluntarily or are terminated by the Company with "Cause" during the five years, y...
Sample 1
Relocation and Housing Assistance. The IESO will restructure the cost of relocation so it mitigates the disincentive in the redeployment of surplus staff.
Sample 1
Relocation and Housing Assistance. To assist Executive in her relocation from Doylestown, Pennsylvania to the San Francisco Bay Area, the Company agrees:
Sample 1
Relocation and Housing Assistance. VACANCIES (RELIEF, ROTATIONS AND SELECTIONS) . . . . . . . Intent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advance planning . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Relief . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Rotations within the bargaining unit. (This Article does not apply to rotations outside the unit) . . . . . . . . . . . . . . . . . . . . . . . . Selections for Assignments other than Relief or Rotations . . . . . . . . . SALARY TREATMENT FOR PROMOTIONS, TEMPORARY ASSIGNMENTS, LATERAL TRANSFERS AND DEMOTIONS . . . . Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Promotion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Reclassification as a Result of a Job . . . . . . . . . . . . . . Temporary Assignment in a Higher-Rated Job . . . . . . . . . . . . . . . .
Sample 1
AutoNDA by SimpleDocs
Relocation and Housing Assistance 
Sample 1Sample 2Sample 3See All (4)

Related to Relocation and Housing Assistance

  • Relocation Assistance The Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, (42 U.S.C. § 4601), prohibits unfair treatment of persons displaced or whose property has been acquired because of Federal or Federal-aid programs and projects.

  • Mutual Assistance Each party shall assist the other in complying with all applicable requirements of the Data Protection Legislation. In particular, each party shall:

  • Relocation World Omni shall give WOAR at least 60 days’ prior written notice of any relocation of its principal executive office or jurisdiction of formation if, as a result of such relocation, the applicable provisions of the UCC would require the filing of any amendment of any previously filed financing or continuation statement or of any new financing statement and shall promptly file any such amendment or new financing statement.

  • Termination Assistance Upon nearing the end of the final term or termination of this Agreement, without respect to cause, the Party shall take all reasonable and prudent measures to facilitate any transition required by the State. All State property, tangible and intangible, shall be returned to the State upon demand at no additional cost to the State in a format acceptable to the State.

  • Directory Assistance Directory Assistance (“DA”) service shall consist of the following services.

  • Transition Assistance If this Contract is not renewed at the end of this term, if the Contract is otherwise terminated before project completion, or if particular work on a project is terminated for any reason, Contractor shall provide transition assistance for a reasonable, mutually agreed period of time after the expiration or termination of this Contract or particular work under this Contract. The purpose of this assistance is to allow for the expired or terminated portion of the services to continue without interruption or adverse effect, and to facilitate the orderly transfer of such services to State or its designees. The parties agree that such transition assistance is governed by the terms and conditions of this Contract, except for those terms or conditions that do not reasonably apply to such transition assistance. State shall pay Contractor for any resources utilized in performing such transition assistance at the most current Contract rates. If State terminates a project or this Contract for cause, then State may offset the cost of paying Contractor for the additional resources Contractor utilized in providing transition assistance with any damages State may have sustained as a result of Contractor’s breach.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!