Examples of Relocation Expenses in a sentence
In addition to the aforementioned reimbursement of Relocation expenses, the Company shall also reimburse the Executive for reasonable costs, fees and expenses incurred by the Executive for up to three (3) relocation trips to search for new housing and for up to three (3) months of temporary housing.
All taxes (other than the Company’s portion of FICA taxes) on the Base Salary and other amounts payable to the Executive pursuant to this Agreement or any other plan or program will be paid by the Executive; provided, however, the Company shall gross-up Executive’s compensation in an amount equal to any income taxes payable with respect to the Relocation expenses paid pursuant to Section 2(d).
The parties agree that on relocation the following arrangements will apply as a minimum: ▪ Relocation expenses reasonably incurred by the employee, ▪ Travelling expenses of the employee and dependents ▪ Cost of removal of furniture and effects from their place of engagement to the job.