Guaranteed Offer definition
Examples of Guaranteed Offer in a sentence
An employee who elects not to participate under the provisions of the MGP and GPP; or does not sell their home at the old living location, or rejects the Guaranteed Offer during the MGP and GPP period, but still intends to sell their property at the old work location, will be eligible for reimbursement of the costs incurred for selling his/her home only if they amend the sale to Capital Relocation Services within 12 months after the transfer effective date.
Executive’s relocation of his residence to Houston will be eligible for coverage under the “Plan 2 – GBO Guaranteed Offer Program” of the Company’s relocation policy.
In the event that Executive is in good faith unable to sell Executive’s primary residence, located at ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, within 90 days after the Effective Date, the Compensation Committee of the Company’s Board of Directors shall declare such inability to sell an “undue hardship” and Executive will be allowed to participate in the Guaranteed Offer Program as set forth in Appendix B to the Relocation Policy.