Executive Relocation Repayment Agreement Sample Contracts

Executive Relocation Repayment Agreement
Executive Relocation Repayment Agreement • April 29th, 2019 • Pier 1 Imports Inc/De • Retail-home furniture, furnishings & equipment stores • Texas

By signing this Executive Relocation Repayment Agreement (“Agreement”) below, Robert E. Bostrom (“Executive”), acknowledges that in order to ease the transition of any transfer or relocation required by Executive’s actual or anticipated employment with Pier 1 Services Company, its parent, or any of its subsidiaries or affiliates (collectively “Pier 1 Imports”), Pier 1 Imports, under the following terms and conditions, has agreed to pay Executive the sum of $100,000, less applicable taxes and other required withholdings, payable upon hire (the “Relocation Payment”). In consideration of Pier 1 Imports’ payment of the Relocation Payment, Executive hereby agrees as follows:

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