Common use of Relocation Assistance Clause in Contracts

Relocation Assistance. Should Executive move his residence in order to pursue other business opportunities within three years of the date of Termination (or until his Normal Retirement Date, whichever is sooner), Sonat shall reimburse him for any expenses incurred in that relocation (including taxes payable on the reimbursement) which are not reimbursed by another employer; provided, however, that Executive shall be entitled to such reimbursement with respect to only one such relocation, it being agreed that in the event of more than one such relocation, Executive shall be entitled to specify the relocation for which reimbursement hereunder is to be made. Benefits under this provision will include the assistance, at no cost to Executive, in selling his home and other assistance which was customarily provided to executives transferred within Sonat or between Sonat and its subsidiaries prior to the Change of Control.

Relocation Assistance. Should Executive move his or her residence in order to pursue other business opportunities within three years of the date of Termination (or until his Executive's Normal Retirement Date, whichever is sooner), Sonat shall reimburse him Executive for any expenses incurred in that relocation (including taxes payable on the reimbursement) which are not reimbursed by another employer; provided, however, that Executive shall be entitled to such reimbursement with respect to only one such relocation, it being agreed that in the event of more than one such relocation, Executive shall be entitled to specify the relocation for which reimbursement hereunder is to be made. Benefits under this provision will include the assistance, at no cost to Executive, in selling his Executive's home and other assistance which was customarily provided to executives transferred within Sonat or between Sonat and its subsidiaries prior to the Change of Control.