Common use of Retransfer Clause in Contracts

Retransfer. In the event that the Executive moved to Nevada to accept employment with the Corporation, if the Executive exercises pursuant to section 2.01 hereof or upon giving notice to the Corporation within six (6) months of dismissal from employment with the Corporation of the Executive as referred to in section 2.02 hereof, as the case may be, the Corporation shall pay to the Executive an amount equal to the direct expenses of moving the Executive and his immediate family and their household effects back to the location from which the Executive moved.