Relocation Package. In the event of relocation, during the Term, of Executive’s principal office location more than 25 miles from its location as of the Effective Date (but not closer to the executives principal residence), and, as a result thereof, Executive relocates his principal residence, the Company shall offer Executive a reasonable relocation package.
Relocation Package. Employee agrees to relocate to San Antonio within three (3) months following the Effective Date of this Agreement (the “Relocation Date.). To assist with that relocation, Employee is eligible to receive a relocation package, the details of which arc outlined in the attached Exhibit A. The relocation benefits will be administered by Company’s approved vendor, currently Relocation Synergy. In the event employment ends for any reason other than termination by the Company without Cause or by Employee for Good Reason within one year following the relocation to San Antonio, Employee agrees to reimburse the relocation expenses and relocation lump sum payment to Company. Employee agrees that the reimbursement amount owed to the Company shall be made immediately by a cash payment on or before Employee’s last date of employment. If Employee has not submitted the reimbursement amount to the Company as agreed to herein, Employee authorizes Company to deduct the reimbursement amount from any amount due to Employee, including any compensation or any pending expense reimbursements otherwise owed by Company to Employee. In the event Employee does not relocate to San Antonio on or before the Relocation Date, Employee agrees that Employee can be terminated for Cause under Section 8(d) and, in addition to any other available remedies, Employee will be required to reimburse the Company for any previously advanced relocation related payments made to Employee.
Relocation Package. In the event that (i) the Compensation Committee and Employee agree that Employee should relocate from Employer's global marketing offices at 225 West 34th Street, Suite 800, New York, New York 10122, to Xxxxxxxx'x xxxxx xx xxxxxxxx xx Xxx Xxxxxxx, Xxxxx Xxxxxx, Texas, or (ii) in the event that Employer relocates its global marketing offices more than fifty (50) miles from its current location at 225 West 34th Street, Suite 800, New York, New York 10122, Empxxxxx xxxxx xxxxxxxxx Xxxxxxxx xxx xxx xx Xxxxxxxx'x xxxxonable out-of-pocket expenses incurred in connection with such relocation, including, without limitation, reasonable expenses incurred in connection with (w) the sale of Employee's current residence, including without limitation, brokers' fees and other closing costs, (x) Employee's relocation, (y) Employee's purchase of a new residence at the new location, including without limitation, brokers' fees and other closing costs, and (z) an amount equal to the tax liability of Employee in connection with the amounts paid to Employee pursuant to this SECTION 4(E).
Relocation Package. The Company shall provide Executive with its relocation package for senior executives in connection with the relocation of his family to the area in proximity of Wayne, New Jersey (the “New Jersey Area”).
Relocation Package. Employer shall pay Employee?s temporary living expenses, moving expenses, relocation expenses, family visitation expenses and other incidental expenses related to Employee relocating himself and his family to Employer?s place of business in San Antonio, Bexar County, Texas. In satisfaction of the provisions of the preceding sentence, Employer shall pay Employee $4,500 per month during the Term pursuant to the provisions of this SECTION 4(F) as well as advances for major expenses. If Employee relocates himself and his family to San Antonio, Bexar County, Texas, within 12 months of the date hereof, Employer shall pay to Employee $60,000, and upon such payment, no further payments described in the preceding sentence shall be made to Employee. Employee shall promptly notify Employer upon Employee's family relocating to San Antonio, Bexar County, Texas.
Relocation Package. In connection with the performance of your services as contemplated in this Agreement, you agree that your office shall be located at the Company’s principal offices which will be relocated to 000 Xxxxxxxx Xxxx, Xxxxxxx, XX; the purpose of such relocation being to place the Company’s headquarters in greater proximity to the Company’s vineyards. In connection therewith, you intend to relocate and purchase a new principal residence near such offices and in connection with your relocation, the Company shall provide you the following (the “Relocation Package”):
(a) the compensation and benefits described in that certain document attached hereto as Exhibit “B” (the “Relocation Package”);
(b) a “Settling–In Allowance,” in the sum of (i) Thirty Thousand Dollars ($30,000)(the “Affected Payment”) payable in a lump sum to you upon your .physically relocating your principal place of residence to Monterey County, CA or a neighboring county (the “Relocation”), plus (ii) the “Additional Payments” which shall be equal to the sum of any federal, state and local income taxes and penalties and interest thereon attributable to both the Affected Payment and the Additional Payments. You shall receive the Additional Payments concurrently with Affected Payments.
(c) So long as you continue to be employed by the Company for a period of one (1) year from the date of your Relocation, the Company agrees to Xx. Xxxxxxx X. Thomsen March 22, 2001 make available to you a relocation loan (the “Loan”), secured by a Second Deed of Trust on your new principal residence which shall be funded in conjunction with the closing of your purchase of such residence, in the principal amount of up to One Hundred Thousand Dollars ($100,000), simple interest payable annually at the rate of 5.3% (the “Annual Interest Payment”) throughout the Term of the Loan. Except as set forth below, the Loan shall mature in five (5) years from the date of funding, subject to a balloon payment of the remaining principal at the end of the Term of the Loan–, provided, however, that to the extent you receive from the Company any compensatory bonus above and beyond your Base Salary during any calendar year, you agree to contribute no less than twenty–five percent (25%) of such bonus, after deducting such year’s Annual Interest Payment, to reducing the principal of the Loan. The maturity date of the Loan shall be accelerated in the event (i) you resign from the Company or are terminated with Cause, in which case the Loan sh...
Relocation Package. The Company shall offer to the Executive a comprehensive relocation package designed to cover or reimburse the Executive for all reasonable expenses associated with the Executive's move from Atlanta, Georgia to the Dallas/Fort Worth, Texas area in accordance with the provisions of the Sea-Land relocation policy attached hereto.
Relocation Package. Upon Executive’s decision to relocate his primary residence, pursuant to paragraph 1.2, the Company will provide to Executive a relocation package in accordance with the then-current SXC Relocation Policy & Procedures. At minimum, the relocation package shall include shipment of household goods and closing costs related to the purchase of a new home and the sale of an existing home.
Relocation Package. Subject to the limitation set forth in Section 3.4(g) below, the Company shall provide advances to Executive for the following relocation items; provided that Executive shall have provided the Company with documentation, receipts and other details of such expenses in the form and substance required by the Company’s general expense reimbursement policy:
Relocation Package. During the term of Executive’s employment until the later of March 27, 2005 or the Effective Time, Executive will be provided with (i) temporary lodging and (ii) a travel allowance that will cover two trips per month for the Executive or the Executive’s spouse for travel between the Executive’s Newton, Massachusetts home and the Executive’s housing in the Washington Area.
