Relocation Reimbursement Clause Samples

Relocation Reimbursement. If the Conditions to Severance are met and Employee is entitled to the Change in Control Severance Amount, provided that Employee relocated in connection with his employment with Employer within eighteen (18) months prior to the date of termination, then Employee will be reimbursed for the relocation costs for his return to the city or town from which Employee was relocated up to the amount received by Employee from Employer for the original relocation. Employee must submit his reimbursement request and back-up documentation in accordance with Employer’s normal relocation policy within six (6) months after the date of termination to receive the reimbursement. If Employee chooses not to return to his city or town of origin, Employee will not be eligible to receive this benefit.

Relocation Reimbursement. The Company has moved its corporate office to Palm Beach, Florida and desires Employee to relocate to the Palm Beach, Florida area as soon as feasible. Employee has agreed to so relocate, and the Company has agreed to reimburse Employee for the following additional reasonable costs on a "grossed up" basis: (a) Employee's direct relocation expenses; (b) the closing costs and loan points incurred by Employee in purchasing a new residence in the Palm Beach area; (c) the broker's commission on the sale of Employee's residence in St. Louis County, Missouri plus $10,000 (the difference between Employee's final asking price for the residence and the buyer's final offer); (d) the cost of private schools for Employee's children in the Palm Beach area for no more than 3 school years but not in excess of $15,000 for any school year, and; (e) Employee's relocation expenses from the Palm Beach area if his employment is terminated by the Corporation prior to November 30, 1999 other than pursuant to paragraph 11. For purposes of the foregoing provisions, reimbursement on a grossed up basis means reimbursement that covers the federal or state income taxes, if any, which would not have been incurred by Employee if the expenditure to be reimbursed had not been made and no reimbursement had been received. For example, if the amount to be reimbursed is $10,000, and no portion of the expenditure to be reimbursed is deductible by Employee for federal or state income tax purposes and all of the reimbursement is includible in Employee's gross income for federal and state income tax purposes, and Employee's combined federal and state marginal income tax rate is 40%, the grossed up amount is $16,667 ($16,667 - .4 (16,667) = $10,000). For further example, if, in the preceding example, all of the expenditure to be reimbursed is fully deductible by Employee, the grossed up amount is $10,000.

Relocation Reimbursement. In the event the Company changes the principal place of business at which the Executive performs his duties to a location that is outside of a 50 mile radius of Jenkintown, Pennsylvania, the Company shall reimburse the Executive for all reasonable relocation expenses, including but not limited to, temporary housing for the Executive and his family.

Relocation Reimbursement. In addition, the Company shall pay (either by reimbursement of Executive or by direct payment, as determined by the Company) up to $10,000 in moving expenses for Executive’s Relocation, for only those Relocation related expenses that: (A) Executive has incurred within thirteen (13) months after the Effective Date, so long as Executive is employed by the Company, and (B) are reasonably connected to Executive’s Relocation (the “Eligible Relocation Expenses”). Executive agrees to provide detailed backup of any Eligible Relocation Expenses.

Relocation Reimbursement. The Executive will be reimbursed for relocation costs in accordance with the Company's relocation reimbursement policy currently in effect, except that the Executive shall be eligible for reimbursement of temporary living expenses for a period not to exceed six (6) months.

Relocation Reimbursement. If the Company should require Executive to relocate from the Principal Location to the Orange County, California area in order to work from the Company’s principal executive offices, the Company shall pay for or reimburse Executive for Executive’s reasonable relocation expenses (the “Relocation Reimbursement”). In addition, the Company shall pay to Executive a tax gross-up (the “Tax Gross-Up”) for any federal and state income and employment taxes that Executive is required to pay resulting from the Relocation Reimbursement and from the Tax Gross-Up, which Tax Gross-Up shall be paid in accordance with Treasury Regulation Section 1.409A-3(i)(1)(v). The Relocation Reimbursement and any Tax Gross-Up shall be subject to an aggregate cap of $90,000. All amounts eligible for the Relocation Reimbursement must be incurred by and paid to Executive during the term of Executive’s employment with the Company. The Relocation Reimbursement and the Tax Gross-Up shall be paid to Executive within thirty (30) days following the Company’s receipt of a written request for such reimbursement, but subject to receipt by the Company of supporting receipts and/or documentation and/or receipts in form and substance reasonably acceptable to the Company in a manner required by the Company’s Travel and Expense Reimbursement Policy.

Relocation Reimbursement. Upon Company's request to Employee to relocate, Company shall reimburse Employee for reasonable relocation expenses.

Relocation Reimbursement. Section 16.1 Post Graduate Year I residents may be eligible for reimbursement of relocation expenses from medical school up to $1,500, in accordance with County policy. Residents must meet the following criteria: a. Enrolled in a VMC multi-year residency program; b. The resident's medical school must be at least 75 miles from VMC; c. All expenses submitted for reimbursement must be in the resident's name; d. Requests for relocation reimbursements must be submitted to the Graduate Medical Education Office within 30 calendar days of hired.

Relocation Reimbursement. The Company will reimburse Executive up to fifty thousand dollars ($50,000) for expenses in connection with Executive’s relocation of Executive’s principal residence to the Boston area (“Relocation Amount”). Executive must relocate to the Boston area by a date to be determined by the Board after consultation with Executive. Acceptable uses of the Relocation Amount include temporary housing, moving expenses, visits to the Boston area, the closing costs associated with selling Executive’s current home and purchasing a new residence in the Boston area and other reasonable move-related items (collectively “Relocation Expenses”). Appropriate supporting documentation (i.e., itemized receipts) of the Relocation Expenses must be submitted within 45 days after the Relocation Expenses were incurred and prior to reimbursement. The Company will determine in its reasonable, good faith judgment what, if any, of Executive’s reimbursed Relocation Expenses are for nondeductible expenses in accordance with applicable law and will comply with associated withholding and tax reporting obligations. If Executive resigns other than for Good Reason (defined below) or is terminated by the Company for Cause (defined below) at any time prior to the one year anniversary of the Effective Date, Executive must repay all Relocation Expenses to the Company within ten (10) days of the Date of Termination (defined below) (the "Relocation Reimbursement”).