Required Residence. All rooms in the House are required to be leased each semester. It shall be the responsibility first of the sophomore class, then the junior class and finally the senior class (based on the year of initiation) to fill the rooms in the House. Nothing herein shall supersede any priority assignment program adopted by the Executive Committee of the Colony.
Required Residence. The Manager shall establish and maintain a primary residence in Carteret County located physically within 15 miles of the Town Administrative Offices within 90 days of employment.
Required Residence. In view of the responsibilities which the Executive is to perform, the Executive understands that it is vital he reside close to the Company's place of business. As a consequence, the Executive agrees to reside as a condition of his employment at the farm house located on the Company's property during the term of his employment, for the convenience of the Company, on a rent free basis. The Company agrees to pay all taxes on and maintain the farm house for such period as the Executive resides there, and shall reimburse the Executive for all repairs which the Executive makes to the farm house. If the Executive's employment is terminated during the Term other than for cause or if the Executive resigns from his 4 employment for good reason, the Executive will be allowed to remain at the farmhouse for a period of six months from the date of termination of employment and will be reimbursed for moving expenses, not to exceed $10,000, for relocating from the farmhouse.
