Relocation Benefits. (a) The Company will reimburse Executive for reasonable packing, shipping, transportation costs and other expenses incurred by Executive in relocating Executive, Executive's family and personal property to the Greater Kansas City Area, in accordance with the H&R Block Executive Relocation Program. (b) To the extent that Executive incurs taxable income related to any relocation benefits paid pursuant to this Agreement, the Company will pay to Executive such additional amount as is necessary to "gross up" such benefits and cover the anticipated income tax liability resulting from such taxable income.
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Samples: Employment Agreement (H&r Block Inc), Employment Agreement (H&r Block Inc), Employment Agreement (H&r Block Inc)
Relocation Benefits. (a) The Company will reimburse Executive for reasonable packing, shipping, transportation costs and other expenses incurred by Executive in relocating Executive, Executive's ’s family and personal property to the Greater Kansas City Area, in accordance with the H&R Block Executive Relocation Program.
(b) To the extent that Executive incurs taxable income related to any relocation benefits paid pursuant to this Agreement, the Company will pay to Executive such additional amount as is necessary to "“gross up" ” such benefits and cover the anticipated income tax liability resulting from such taxable income.
Appears in 2 contracts
Samples: Employment Agreement (H&r Block Inc), Employment Agreement (H&r Block Inc)
Relocation Benefits. (ai) The Company will BFC shall reimburse Executive for reasonable packing, shipping, transportation costs and other expenses incurred by Executive in relocating Executivehimself, Executive's his family and personal property to the Greater Kansas City Area, in accordance with the H&R Block Executive Relocation Program.
(bii) To the extent that Executive incurs taxable income related to any relocation benefits paid pursuant to this Agreement, the Company will BFC shall pay to Executive such additional amount as is necessary to "gross up" such benefits and cover the anticipated income tax liability resulting from such taxable income.
Appears in 1 contract
Samples: Employment Agreement (H&r Block Inc)
Relocation Benefits. (a) The Company will reimburse Executive for reasonable packing, shipping, transportation costs and other expenses incurred by Executive in relocating Executive, Executive's family and personal property to the Greater Kansas City Area, in accordance with the H&R Block Executive Relocation Program; provided, however, that the amount of such reimbursement (prior to taking into account the provisions of Section 1.04 (b) of this Agreement) shall not exceed $5,000.
(b) To the extent that Executive incurs taxable income related to any relocation benefits paid pursuant to this Agreement, the Company will pay to Executive such additional amount as is necessary to "gross up" such benefits and cover the anticipated income tax liability resulting from such taxable income.
Appears in 1 contract
Samples: Employment Agreement (H&r Block Inc)