Examples of Relocation Period in a sentence
In order to aid in the relocation process, the Company will reimburse you, for a maximum period of two (2) months during the Relocation Period, for reasonable temporary housing rental costs in the San Diego area, up to a maximum of $4,000 per month.
During the six (6) week period after the Commencement Date (the "Relocation Period"), Tenant shall have the right to remain in that portion of the remainder of the Building not contained within the Premises (the "Supplemental Area") for the limited purpose of relocating its operations and equipment located in the Supplemental Area to the Premises and otherwise decommissioning the Supplemental Area.
Tenant shall, at Tenant's sole cost, remove all operations, equipment and personal property from the Supplemental Area and place the Supplemental Area in broom clean condition and good working order and repair on or prior to the expiration or sooner termination of the Relocation Period ("Relocation Termination Date").
Tenant has paid a license fee to Landlord on account of the entire Relocation Period equal to $54,000 simultaneously with the execution of this Lease.
For purposes of the preceding sentence, the "Relocation Period" shall mean the period commencing on the Effective Date and ending upon the earlier of: (i) the date Employee's immediate family moves to Los Angeles or (ii) the date six (6) months following the Effective Date.
The Company shall pay or reimburse Executive under this Section 7 for all costs and expenses incurred during the Relocation Period in an aggregate amount up to $500,000.
The Relocation Period may be extended for an additional sixty (60) days in the event his house is not sold during the initial 120-day period.
If Tenant completes the relocation of its operations from the Supplemental Area to the Premises and places the Supplemental Area in the condition required by this Section 2 on or prior to the Relocation Termination Date, the Relocation Period shall end and Tenant shall have no further right to operate or engage in decommissioning activities in the Supplemental Area.
In addition to reimbursement of expenses as provided in Section 6(d), in accordance with a mutually determined budget Company shall reimburse Employee for the following reasonable out-of-pocket expenses incurred by Employee: (a) the costs of Employee periodically traveling by air between New York and Los Angeles during the "Relocation Period" (as defined below); and (b) the costs of Employee obtaining and maintaining a furnished apartment in Los Angeles during the Relocation Period.
If Executive’s employment is terminated by the Company for Cause or by Executive without Good Reason (other than a termination as a result of death or disability) during the Relocation Period, Executive agrees to repay the Company, within fifteen (15) days after Executive’s termination, that amount of the Relocation Bonus that was not earned, as pro-rated based on the remaining Relocation Period.