RELOCATION OF EMPLOYEE Sample Clauses

RELOCATION OF EMPLOYEE. Section 8.01. Employee shall be reimbursed Five Hundred Dollars ($500.00) per month for temporary lodging while relocating, up to a maximum period of six months from the effective date of this agreement.
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RELOCATION OF EMPLOYEE. (a) The Company shall pay Employee's reasonable moving expenses incurred in connection with Employee's move from his current residence in Ridgewood, New Jersey ("Old Residence") to a new residence in either the Princeton, New Jersey or New Hope, Pennsylvania areas ("New Residence"). Employee shall obtain the Company's prior approval for any single moving expenditure in excess of $1,000. (i) Subject to the limitation in Section 4.5(b)(iv), upon the consummation of the sale of Employee's Old Residence, the Company agrees to pay Employee the amount of money equal to the difference between the purchase price that Employee paid for such residence and the sale price that Employee received in connection with the sale of such residence. (ii) Subject to the limitation in Section 4.5(b)(iv), in the event that and so long as the Employee owns both a New Residence and his Old Residence during the period commencing on the date hereof and terminating nine months thereafter ("Transition Period"), the Company shall reimburse the Employee for the greater of (i) his monthly mortgage for his New Residence and (ii) his monthly mortgage payment for his Old Residence, provided, however, that the Company shall reimburse the Employee only for one such mortgage payment each month during the Transition Period. (iii) Subject to the limitation of Section 4.5(b)(iv), to the extent that Employee has not purchased the New Residence, the Company shall provide the Employee with a two-bedroom rental residence, as the Company shall determine during the Transition Period. (iv) Notwithstanding the foregoing, the Company's aggregate liability to Employee pursuant to this Section 4.5(b) shall not exceed fifty thousand dollars ($50,000.00).
Sample 1
RELOCATION OF EMPLOYEE. Because of the increased demands placed upon Employee, Employee may find it necessary to relocate to Las Vegas, Nevada. Should Employee effect such relocation (which Employer acknowledges would be in the best interests of Employer), Employer shall reimburse Employee (on a "grossed-up" basis) for his reasonable costs thereby incurred in accordance with Employer's policies. Pending such relocation, the Company shall continue its existing practices with respect to Employee as reflected in the Prior Agreement.
Sample 1
RELOCATION OF EMPLOYEE s office to a location not within five miles from the current office of PGE located at 000 Xxxxxxx Xxxxxxxxx, Xxxxx 000, Xxxxxxxxxx, Xxxxxxxxxx, except for required travel on PGE's business to an extent substantially consistent with Employee's present business travel obligations; and
Sample 1
RELOCATION OF EMPLOYEE. The Company and Executive acknowledge and agree that Executive was initially hired to work for the Company's wholly-owned Canadian subsidiary, FutureLink Distribution Corp., in Calgxxx, Xxxxxxx, Xxxxxx xxx has subsequently agreed to relocate to the Company's offices in Irvine, California. In connection with Executive's relocation to Irvine, California, the Company has agreed to reimburse Executive for his relocation expenses for up to $39,200 in after-tax U.S. dollars (as determined by the Company), following Company's receipt of documentation of such expenses that is satisfactory to Company. Notwithstanding the foregoing, if Executive is terminated by Company without just cause prior to January 31, 2002, then Company shall reimburse Executive for up to $39,200 in after-tax U.S. dollars for any expenses incurred by Executive to relocate back to Canada, following Company's receipt of documentation of such expenses that is satisfactory to Company.
Sample 1

Related to RELOCATION OF EMPLOYEE

  • Location of Employment The Executive's principal place of business shall continue to be at the Company's headquarters to be located within thirty (30) miles of Doylestown, Pennsylvania; provided, that the Executive acknowledges and agrees that the performance by the Executive of his duties shall require frequent travel including, without limitation, overseas travel from time to time.

  • Separation of Employment (a) If an employee is discharged he shall be paid in full for all monies owing him on the date of his discharge. If an employee quits the Employer may withhold payment for five (5) calendar days. (b) The Employer shall give a Record of Employment Certificate to any employee who separates from employment for at least seven (7) days for any reason within five (5) days of the last day worked, or terminates.

  • Compensation of Employee Employer shall pay Employee, and Employee shall accept from Employer, in full payment for Employee's services hereunder, compensation as follows:

  • Termination of Employment Executive's employment hereunder may be terminated under the following circumstances:

  • Employment of Employee (a) Except as provided in Sections 2(b), 2(c) and 2(d), nothing in this Agreement shall affect any right which Employee may otherwise have to terminate Employee's employment, nor shall anything in this Agreement affect any right which the Company may have to terminate Employee's employment at any time in any lawful manner. (b) In the event of a Potential Change in Control, to be entitled to receive the benefits provided by this Agreement, Employee will not voluntarily leave the employ of the Company, and will continue to perform Employee's regular duties and the services specified in the recitals of this Agreement until the Change in Control Date. Should Employee voluntarily terminate employment prior to the Change in Control Date, this Agreement shall lapse upon such termination and be of no further force or effect. (c) If Employee's employment terminates on or after the Change in Control Date, the Company will provide to Employee the payments and benefits as provided in Sections 3 and 4. (d) If Employee's employment is terminated by the Company prior to the Change in Control Date but on or after a Potential Change in Control Date, then the Company will provide to Employee the payments and benefits as provided in Sections 3 and 4 unless the Company reasonably demonstrates that Employee's termination of employment neither (i) was at the request of a third party who has taken steps reasonably calculated to effect a Change in Control nor (ii) arose in connection with or in anticipation of a Change in Control. Solely for purposes of determining the timing of payments and the provision of benefits in Sections 3 and 4 under the circumstances described in this Section 2(d), Employee's date of termination shall be deemed to be the Change in Control Date.

  • Qualifying Termination of Employment A “Qualifying Termination of Employment” shall mean a termination of Executive’s employment during the Protected Period either (a) by the Company other than for Cause or (b) by Executive for a Good Reason. The Executive’s death or Disability during the Protected Period shall not constitute a Qualifying Termination of Employment.

  • Duration of Employment 5.1 A seafarer shall be engaged for the period specified in Appendix 1 to this Agreement and such period may be extended or reduced by the amount shown in Appendix 1 for operational convenience. The employment shall be automatically terminated upon the terms of this Agreement at the first arrival of the ship in port after expiration of that period, unless the Company operates a permanent employment system.

  • Condition of Employment The Employee acknowledges that his/her employment and the continuance of that employment with the Company is contingent upon his/her agreement to sign and adhere to the provisions of this Agreement. The Employee further acknowledges that the nature of the Company’s business is such that protection of its proprietary and confidential information is critical to its survival and success.

  • Termination of Employees Agent may in its discretion stop using any Retained Employee at any time during the Sale, subject to the conditions provided for herein. In the event that Agent desires to cease using any Retained Employee, Agent shall notify Merchant at least seven (7) days prior thereto, so that Merchant may coordinate the termination of such employee; provided, however, that, in the event that Agent determines to cease using an employee “for cause” (which shall consist of dishonesty, fraud or breach of employee duties), the seven (7) day notice period shall not apply, provided further, however, that Agent shall immediately notify Merchant of the basis for such “cause” so that Merchant can arrange for termination of such employee. From and after the date of this Agreement and until the Sale Termination Date, Merchant shall not transfer or dismiss Retained Employees except “for cause” without Agent’s prior consent. Notwithstanding the foregoing, Agent shall not have the right to terminate the actual employment of any Retained Employee, but rather may only cease using such employee in the Sale and paying any Expenses with respect to such employee.

  • Involuntary Termination of Employment If the Executive does not exercise his withdrawal rights pursuant to Subsection 2.2, and the Executive's employment with the Bank is involuntarily terminated for any reason, including a termination due to disability of the Executive but excluding termination for Cause, or termination following a Change in Control within thirty-six (36) months of such Change in Control, within thirty (30) days of such involuntary termination of employment, the Bank shall be required to make an immediate lump sum Contribution to the Executive's Retirement Income Trust Fund in an amount equal to: (i) the full Contribution required for the Plan Year in which such involuntary termination occurs, if not yet made, plus (ii) the present value (computed using a discount rate equal to the Interest Factor) of all remaining Contributions to the Retirement Income Trust Fund; provided however, that, if necessary, an additional amount shall be contributed to the Retirement Income Trust Fund which is sufficient to provide the Executive with after tax benefits (assuming a constant tax rate equal to the rate in effect as of the date of the Executive's termination) beginning at his Benefit Age, equal in amount to that benefit which would have been payable to the Executive if no secular trust had been implemented and the benefit obligation had been accrued under APB Opinion No. 12, as amended by FAS 106.

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