Relocation and Temporary Living Expenses. Employee shall be entitled to receive reimbursement of miscellaneous relocation expenses in accordance with the terms and conditions of the Company’s executive relocation package. Additionally, Employee shall be entitled to receive reimbursement for temporary living expenses, personal travel expenses, and other related expenses as incurred by Employee after the Start Date and pending Employee’s relocation to Atlanta, Georgia. The total amount of temporary living expenses to be reimbursed shall not exceed Twenty Five Thousand Dollars ($25,000). Employee shall be grossed up in order to pay all federal, state and local income tax and social security and other employment tax on the reimbursed amounts.
Relocation and Temporary Living Expenses. The Company will pay (or, at your election, reimburse you for) all reasonable and customary relocation expenses associated with your relocation from Rhode Island to the Louisville area, on terms and conditions no less favorable to you than those applicable as of the Start Date to the relocation of Kindred senior executives generally. Such reimbursed expenses will also include up to three (3) house hunting trips and visits to the Kentucky area for you and your family, packing and moving of your and your family’s personal items and reasonable transaction expenses associated with the sale of your current residence in Rhode Island. In addition, the Company will pay (or, at your election, reimburse you for) all costs of commuting and temporary accommodations you reasonably incur before the earlier of (x) the date of relocation of your household to the Louisville area and (y) the seven month anniversary of the Closing. The Company will provide you with a full gross-up for applicable taxes, if any, payable in connection with the payment (or reimbursement) of such commuting, temporary living and relocation expenses.
Relocation and Temporary Living Expenses. (1) Contingent upon and following the Executive’s receipt of the Approvals, the Company will provide the Executive with the following:
(a) Relocation services through a third party vendor as per the Company’s relocation policy. The Company will pay for the following items in connection with the Executive’s Relocation to Vancouver, B.C. (collectively the “Relocation Fees”):
(i) the reasonable cost of travel for the Executive and her immediate family to Vancouver, Canada;
(ii) the reasonable cost of transporting the Executive’s household goods and vehicles to Vancouver;
(iii) One house hunting trip for the Executive’s family to Vancouver, as per the Company’s relocation policy;
(iv) Two house hunting trips for the Executive and her spouse to Vancouver, as per the Company’s relocation policy; and
(b) In addition, following the Relocation the Executive will receive a flex budget of up to CAD $10,000 (the “Flex Budget”) in accordance with the Company’s Flex Budget Policy for reasonable expenses relating to the relocation but not covered under items (1)(a)(i) and (ii). The Executive must submit receipts for reimbursement in order to use the Flex Budget. The Company will also remit up to 43.7% of the tax due to the Canada Revenue Agency (or comparable US Agency) on the relocation benefits in this Section 3.08 (the “Gross Up Amounts”) on behalf of the Executive.
(2) If the Executive terminates her employment with the Company for other than Good Reason (as defined in Section 3.02(2)) or is terminated for Cause any time within one year following the Effective Date, the Executive agrees to repay to the Company the cost of the Relocation Fees, the Flex Budget and Gross Up Amounts. The Executive shall not be required to repay to the Company the cost of the Relocation Fees, the Flex Budget and Gross Up Amounts if the Company terminates the Executive's employment without Cause or due to the Executive's death or disability, or should the Executive terminate her employment for Good Reason (as defined in Section 3.02(2)).
Relocation and Temporary Living Expenses. (i) Deleted.
(b) Deleted.
(c) Deleted.
(d) San Francisco Bay Area Living and Travel Expenses. Commencing October 3, 2001, and continuing through the Employment Term, the Company will pay for Executive's Bay Area living and travel costs in connection with his travel to the Company's Santa Clara, California office. The Company and Executive agree that such costs cannot be fully anticipated at this time, and may include a reasonable allowance for the rental of corporate housing or other temporary lodging and living expenses while the Executive is working in the Bay Area. To the extent that the Company's payment or reimbursement of the private or commercial airfares, rental or other expenses provided by Section 4 or this Section 5(d) is taxable to Executive, the Company will make a tax gross up payment to Executive which after the deduction of all applicable taxes, will leave a net amount equal to the tax payments due.
Relocation and Temporary Living Expenses. The Company shall reimburse Employee for reasonable and customary relocation expenses incurred in connection with the changing of Employee's primary residence to Wichita, Kansas. These costs shall be defined as: actual expenses incurred for moving household goods of Employee and his family; real estate commissions incurred in connection with the sale of Employee's current Ohio residence; closing costs (excluding real estate commissions) on the purchase of a Wichita, Kansas residence by Employee; Employee's temporary housing expenses in Wichita during the transitional period; and expenses incurred for reasonable travel between Wichita and Ohio during this transitional period. However, the parties agree that the temporary living portion of expense reimbursement to Employee (pursuant to this section 3viii) shall not exceed $20,000.
Relocation and Temporary Living Expenses. The Corporation shall pay all expenses reasonably incurred by the Employee in relocating his family to Pittsburgh, Pennsylvania, including normal closing costs, normal and customary real estate commissions on the sale of his house, moving expenses, the cost of three (3) trips to Pittsburgh for his wife and other family members residing at home to look for housing, plus Ten Thousand Dollars ($10,000.00) to cover incidental moving expenses. In addition, for a period of up to twelve (12) months, the Corporation shall reimburse the Employee for his properly reported temporary housing expenses and travel expenses provided that such expenses shall not exceed [Two Thousand Dollars ($2000) per month].
Relocation and Temporary Living Expenses. The Company shall reimburse Executive in accordance with the Company's Relocation Policy (the "Relocation Policy") a copy of which has been provided to Executive. The Company also will reimburse Executive (a) for temporary living costs during the Initial Term, not to exceed Five Thousand Dollars ($5,000) per month, and (b) for up to one round-trip coach fare a week during the Initial Term for either Executive or Executive's spouse to travel between San Francisco and Austin (collectively "Temporary Living Expenses"). In the event that any Temporary Living Expenses to be reimbursed by the Company hereunder are considered taxable income to Executive in the year received, Company agrees to pay Executive an additional payment (the "Gross-Up Payment") such that the net amount received by Executive for such Temporary Living Expenses pursuant to this Section 1.4.6, after paying any applicable federal or state income tax on the Temporary Living Expenses and the Gross-up Payment, shall be equal to the amount that Executive would have received if the Temporary Living Expenses were not taxable to the Executive.
Relocation and Temporary Living Expenses. Company will reimburse Employee up to a maximum amount of thirty thousand dollars ($30,000) for actual living expenses in the Bothell area, reasonable expenses related to moving his family and possessions to the Bothell area from both Utah and New Jersey, trips for Employee and his spouse to assist with relocation, and replacement of furniture and other household items that Employee decides not to move to the Bothell area. Payment shall be made upon receipt of documentation for actual expenses.
Relocation and Temporary Living Expenses. Employee may find it necessary to relocate for the benefit of the Company. Employee will not be reimbursed for loan origination fees (points) on a mortgage for a new residence but will be reimbursed for closing costs on the sale of Employee’s primary residence, shipping of household goods and transportation of immediate family members to the new location. Prior to relocation of Employee’s primary residence, Employee will be reimbursed for reasonable temporary living expenses limited to rent or hotel expenses, automobile rental and air fare to and from Employee’s primary residence. Should any of the expenses reimbursed under this Section be considered income by any taxing authority, the Company agrees to gross up the reimbursement such that the employee is reimbursed in full, subject to the following sentence. The total of all relocation expenses (including temporary living expenses) payable by the Company pursuant to this Agreement shall not exceed $180,000.00.
Relocation and Temporary Living Expenses. Broadcom Corporation provides relocation benefits to support and assist relocating employees. Relocation benefits are designed to minimize, to the extent feasible, the expenses new employees may incur when relocating to a new area, as well as the frustration of move logistics. Broadcom’s policy was developed to help defray expenses; however, it is not intended to reimburse each and every expense related to the move. Benefits are not to be considered guaranteed or that cash or another benefit will be given in lieu of relocation benefits that are not utilized. Specific relocation benefits are administered based on an employee’s job level as determined by their supervisor. Based on the position being offered to you, you are eligible for Tier 4 relocation benefits as outlined in your Relocation Assistance – Tier 4 (U.S./Canada) policy, enclosed. Please be aware that some relocation benefits are considered as taxable income under IRS guidelines. These items will be added to your W-2 earnings at year-end.
