Relocation/Moving Expenses Sample Clauses
The Relocation/Moving Expenses clause outlines the terms under which an employer will reimburse or cover costs associated with an employee's move for work-related reasons. Typically, this clause specifies which expenses are eligible for reimbursement, such as transportation, temporary housing, or moving services, and may set limits or require pre-approval for certain costs. Its core function is to ensure that employees are not financially burdened by the need to relocate for their job, thereby facilitating smooth transitions and supporting talent mobility within the organization.
Relocation/Moving Expenses. The congregation will reimburse up to a maximum of $15,000 in reasonable expenses associated with relocating the minister to the Congregation. All reimbursements and/or payments of moving expenses will be fully taxable under federal law and may be taxable under applicable state law.
Relocation/Moving Expenses. Typical expenses for the minister and family include the services of a professional moving company (or truck rental, packing supplies, and movers, if handled by the Minister and family), automobile mileage, transportation, temporary housing costs, and costs of moving household goods and personal effects to and from storage. Relocation expenses may also include pre-move house hunting, temporary housing, meals consumed in transit or while living in temporary housing, storage of household goods and personal effects, and related relocation expenses. Ministers may find other creative ways to effect a move and optimize the budget.
Relocation/Moving Expenses. The congregation will reimburse up to a maximum of $10,000 in reasonable expenses associated with relocating the Interim Minister to the Congregation. All reimbursements and/or payments of moving expenses will be fully taxable under federal law and may be taxable under applicable state law.
Relocation/Moving Expenses. The congregation will reimburse up to a maximum of $15,000 in reasonable expenses associated with relocating the minister to the Congregation. All reimbursements and/or payments of moving expenses will be fully taxable under federal law and may be taxable under applicable state law. Federal tax law dictates that any direct payment for, or reimbursement of, employee moving expenses between 2018 and 2025 is taxable income and must be reported on the minister’s W-2. The minister must pay both income and self-employment taxes (15.3%) on this amount. To mitigate the tax burden, congregations are encouraged to “gross up” the moving expense by roughly 35% to cover this additional tax burden. (The gross-up amount is also taxable.)
Relocation/Moving Expenses. The District shall reimburse the Superintendent for necessary and reasonable expenses incurred in moving the Superintendent, her family and personal possessions, up to a maximum amount of FIVE THOUSAND and No/1000 ($5000.00). The Superintendent shall documents all expenses with receipts, canceled checks or credit card statements.
Relocation/Moving Expenses. In connection with the Executive’s relocation from North Carolina to the New York-New Jersey-Connecticut area, the Company shall also pay or reimburse to or on behalf of the Executive (as applicable) such other reasonable relocation and moving expenses as are appropriate under the circumstances, including reasonable house hunting trip expenses, moving of personal possessions, closing costs on the sale of the Executive’s current residence and closing costs on the purchase of a new residence comparable to the Executive’s current residence.
Relocation/Moving Expenses. Following consummation of a successful IPO, Employee will relocate to New Jersey upon request of the Company. In such event, the Company shall reimburse Employee for any temporary hotel/travel expenses prior to permanent relocation and for moving expenses for home furnishings.
Relocation/Moving Expenses. The Superintendent shall be reimbursed for all reasonable relocation expenses incurred as a result of moving from Houston, TX to Prince ▇▇▇▇▇▇’s, County, Maryland, to assume the role of Superintendent. Reimbursement of such expenses shall not exceed Fifty Thousand ($50,000) Dollars.
Relocation/Moving Expenses. The congregation will reimburse up to a maximum of $2,000 in relocation expenses to relocate the minister to a new residence if the Minister chooses to move from his current residence to a new location during the term of this contract.14 All reimbursements/ payments of
Relocation/Moving Expenses a) The Executive shall relocate to the vicinity of Company's current headquarters (or such other location where the Company is engaged in significant business activities agreed to in writing by the Company) within six (6) months of the Effective Date (the "Relocation Period"). The Company agrees to pay for or reimburse the Executive for the following expenses and costs actually incurred by the Executive during the Relocation Period, except that the costs and expenses described in clause (i) shall be paid or reimbursed when incurred, whether or not during the Relocation Period, provided such costs or expenses are incurred during the Term: (i) all reasonable expenses incurred by Executive in moving any items of personal property owned by the Executive from Delaware to the Company's current headquarters (or such other location where the Company is engaged in significant business activities agreed to in writing by the Company); (ii) the reasonable cost of a reasonable number of house hunting trips for the Executive; and (iii) the reasonable cost of up to three (3) one-person round trip airfare trips per month (first class airfare) between Delaware and the Company's current headquarters (or such other location where the Company is engaged in significant business activities agreed to in writing by the Company) which may be used by the Executive until the earlier of (x) the expiration of the Relocation Period or (y) the date the Executive relocates to the Company's current headquarters (or such other location where the Company is engaged in significant business activities agreed to in writing by the Company). In addition, during the period prior to her relocation (but in no event for more than six (6) months after the Effective Date), the Company shall provide suitable temporary housing and utility expenses for the Executive's use when she is at the Company's current headquarters (or such other location where the Company is engaged in significant business activities agreed to in writing by the Company).
b) During the Term, the Company shall also reimburse Executive for the following reasonable costs:
i) All reasonable transaction costs associated with the Executive's purchasing her new residence in the area of the Company's current headquarters (or such other location where the Company is engaged in significant business activities agreed to in writing by the Company), including closing costs, inspections, title insurance, reasonable legal expenses (other than for...