Common use of Rental Assistance Clause in Contracts

Rental Assistance. An employee who transfers to a higher cost rental area and who rents comparable rental accommodation will be provided with rental assistance by Hydro One as follows. The extent of this assistance will be the lesser of: a) the monthly rent in the old location multiplied by Hydro One’s rental differential; or b) the amount of the monthly increase in rent. An employee who rents in the former location and purchases in the new location will be eligible for the equivalent of rental assistance as will the employee who conversely owns a home in the former location and rents in the new location. Rental assistance will be provided for a five year period, based on 100% assistance in the first year and decreasing by 10% annually over the next four years. This assistance will cease if the employee transfers to a new work location, terminates his/her employment with Hydro One, ceases to rent, retires or dies.

Rental Assistance. An employee who transfers to a higher cost rental area and who rents comparable rental accommodation will be provided with rental assistance by Hydro One Xxxxx Power as follows. The extent of this assistance will be the lesser of: a) the The monthly rent in the old location multiplied by Hydro One’s Xxxxx Power rental differential; or b) the The amount of the monthly increase in rent. An employee who rents in the former location and purchases in the new location will be eligible for the equivalent of rental assistance as will the employee who conversely owns a home in the former location and rents in the new location. Rental assistance will be provided for a five five-year period, based on 100% assistance in the first year and decreasing by 10% annually over the next four years. This assistance will cease if the employee transfers to a new work location, terminates his/her employment with Hydro OneXxxxx Power, ceases to rent, retires or dies.

Rental Assistance. An employee who transfers to a higher cost rental area and who rents comparable rental accommodation will be provided with rental assistance by Hydro One as follows. The extent of this assistance will be the lesser of: a) the monthly rent in the old location multiplied by Hydro One’s rental differential; or b) the amount of the monthly increase in rent. An employee who rents in the former location and purchases in the new location will be eligible for the equivalent of rental assistance as will the employee who conversely owns a home in the former location and rents in the new location. Rental assistance will be provided for a five year period, based on 100% assistance in the first year and decreasing by 10% annually over the next four years. This assistance will cease if the employee transfers to a new work location, terminates his/her their employment with Hydro One, ceases to rent, retires or dies.