Relocation Payback Agreement Sample Contracts

Terminations within 12 months of accepting new assignment
Relocation Payback Agreement • May 15th, 2009 • Sensus Metering Systems Bermuda 2 LTD • Totalizing fluid meters & counting devices

If I voluntarily terminate within 12 months of accepting the new assignment I agree to pay 100% of all expenses reimbursed directly to me or on my behalf. Full payment will be made within 90 days from my departure date.

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Termination within 24 months of accepting new assignment
Relocation Payback Agreement • May 15th, 2009 • Sensus Metering Systems Bermuda 2 LTD • Totalizing fluid meters & counting devices

If I voluntarily terminate employment or I am involuntarily terminated within the first two years after the transfer date (defined as the commencement of salary at the destination location), I will repay all relocation benefits previously paid by the Company, according to the following graduated scale.

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