Example ContractsClausesRelocation Expenses
Relocation Expenses
Relocation Expenses contract clause examples

Relocation Expenses. The Company will reimburse Employee up to a total of $100,000 for reasonable out-of-pocket costs associated with moving Employee’s primary residence to Santa Barbara County within twelve months of the Effective Date

Relocation Expenses. The Company will reimburse the Employee for up to $10,000 USD for # the cost of establishing her residence in Canada, including furniture delivery and utility set up fees; # initial costs for the use of up to two of Employee’s vehicles in Canada, such as registration and driver’s license fees, and # fees and expenses associated with the review and negotiation of this Agreement by Employee’s legal counsel.

In connection with the Company's planned relocation of its headquarters (the "Headquarters Relocation"), and in furtherance of Executive’s relocation of his principal place of residence to the location to which the Company's headquarters is so relocated, the Company shall pay for or reimburse Executive in accordance with the Company’s written expense reimbursement policies and procedures for up to a total amount to be agreed upon at the time the headquarters office has been identified, which shall include # the movement of Executive’s reasonable household goods, # reimbursement for round trip tickets for house hunting trips for Executive, his spouse and/or his dependent children, # reimbursement for transportation for Executive, his spouse and his dependent children, and # reasonable and customary realtor costs incurred by Executive in connection with the purchase of Executive’s residence (collectively, the “Relocation Reimbursement”). In addition, the Company shall pay to Executive a tax gross-up (the “Tax Gross-Up”) for any federal, state, local or foreign income and employment taxes Executive is required to pay resulting from the Relocation Reimbursement and from the Tax Gross-Up, which Tax Gross-Up shall be paid in accordance with Treasury Regulation Section 1.409A-3(i)(1)(v). All amounts eligible for the Relocation Reimbursement must be incurred by and paid to Executive during the term of his employment and within twelve (12) months following the completion of the Headquarters Relocation. The Relocation Reimbursement and the Tax Gross-Up shall be paid to Executive within thirty (30) days following the Company’s receipt of a written request for such reimbursement, but subject to receipt by the Company of supporting receipts and/or documentation and/or receipts in form and substance reasonably acceptable to the Company. If Executive voluntarily terminates his employment without Good Reason prior to the first anniversary of the Headquarters Relocation, Executive shall repay to the Company a pro rata portion of the Relocation Reimbursement and any Tax Gross-Up based on the number of days elapsed in the one-year period ending on the first anniversary of the Effective Date. The Company will have the right to offset such amounts against any compensation otherwise payable to Executive on the date of Executive’s termination of employment.

Relocation Expenses. The Corporation will reimburse all reasonable expenses associated with the Executive’s relocation from Colombia to, as the Executive may determine, [[Address A:Address]], Canada or Berlin, Germany. For greater certainty, such relocation expenses shall include reasonable costs for packing and shipping of furniture by a reputable international moving company, storage of belongings for up to one year and flight baggage charges for the Executive and his immediate family.

Relocation Expenses. Executive agrees to relocate Executive’s principal residence to the San Francisco Bay Area within three (3) months following the Effective Date. In connection with such relocation, the Company agrees to directly pay or reimburse Executive for up to $50,000 of relocation expenses, including movement of Executive’s household goods and vehicle to the San Francisco Bay Area and air transportation to the San Francisco Bay Area, in each case, incurred and documented in accordance with the Company’s standard policies (collectively, the “Relocation Benefits”). In addition, the Company will pay to Executive an additional amount equal to the taxes incurred by Executive in connection with the provision of the Relocation Benefits, along with any taxes incurred by Executive in connection with the payment of the additional amounts under this sentence, in each case, calculated using maximum statutory income tax rates (such payment(s), together with the Relocation Benefits, the “Relocation Payments”). Relocation Payments will be made within thirty (30) days after substantiation reasonably acceptable to the Company is provided to the Company. To the extent that any reimbursements payable pursuant to this Agreement are subject to the provisions of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), any such reimbursements payable to Executive pursuant to this Agreement shall be paid to Executive no later than December 31 of the year following the year in which the expense was incurred, the amount of expenses reimbursed in one year shall not affect the amount eligible for reimbursement in any subsequent year, and Executive’s right to reimbursement under this Agreement will not be subject to liquidation or exchange for another benefit.

Relocation Expenses. As you will establish residence near the Company’s San Diego office, the Company will provide you, through our third party vendor, assistance with temporary housing, the movement of your household goods and 2 cars to San Diego, CA, and other relocation services, in accordance with ACADIA’s relocation allowance guidelines. Your complete relocation assistance program is outlined in the attached Summary of Relocation Assistance. This program will expire 1 year following your employment start date. If you voluntarily terminate your employment with the Company for any reason within 2 years of your date of hire, you agree to reimburse the Company the relocation costs # in full, if you voluntarily terminate within 12 months after your date of hire and # on a pro-rated basis, if you voluntarily terminate between 12-24 months after your date of hire (i.e. such repayment amount will be reduced by 1/12th on each monthly anniversary of your start date during your 2nd year of employment). You agree that such repayment will be due and payable within 30 days of your termination date.

Relocation Expenses. Executive agrees to relocate Executive’s principal residence to the San Francisco Bay Area within three (3) months following the Effective Date. In connection with such relocation, the Company agrees to directly pay or reimburse Executive for up to $25,000 of relocation expenses, including movement of Executive’s household goods and vehicle to the San Francisco Bay Area and air transportation to the San Francisco Bay Area, in each case, incurred and documented in accordance with the Company’s standard policies (collectively, the “Relocation Benefits”). In addition, the Company will pay to Executive an additional amount equal to the taxes incurred by Executive in connection with the provision of the Relocation Benefits, along with any taxes incurred by Executive in connection with the payment of the additional amounts under this sentence, in each case, calculated using maximum statutory income tax rates (such payment(s), together with the Relocation Benefits, the “Relocation Payments”). Relocation Payments will be made within thirty (30) days after substantiation reasonably acceptable to the Company is provided to the Company. To the extent that any reimbursements payable pursuant to this Agreement are subject to the provisions of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), any such reimbursements payable to Executive pursuant to this Agreement shall be paid to Executive no later than December 31 of the year following the year in which the expense was incurred, the amount of expenses reimbursed in one year shall not affect the amount eligible for reimbursement in any subsequent year, and Executive’s right to reimbursement under this Agreement will not be subject to liquidation or exchange for another benefit.

In connection with the Company's planned relocation of its headquarters (the "Headquarters Relocation"), and in furtherance of Executive’s relocation of his principal place of residence to the location to which the Company's headquarters is so relocated, the Company shall pay for or reimburse Executive in accordance with the Company’s written expense reimbursement policies and procedures as then in effect for up to a total amount to be agreed upon in writing at the time the Headquarters Relocation has been implemented, which shall include # the movement of Executive’s reasonable household goods, # reimbursement for round trip tickets for house hunting trips for Executive, his spouse and/or his dependent children, # reimbursement for transportation for Executive, his spouse and his dependent children, and # reasonable and customary realtor costs incurred by Executive in connection with the purchase of Executive’s residence (collectively, the “Relocation Reimbursement”). In addition, the Company shall pay to Executive a tax gross-up (the “Tax Gross-Up”) for any federal, state, local or foreign income and employment taxes Executive is required to pay resulting from the Relocation Reimbursement and from the Tax Gross-Up, which Tax Gross-Up shall be paid in accordance with Treasury Regulation Section 1.409A-3(i)(1)(v). All amounts eligible for the Relocation Reimbursement must be incurred by and paid to Executive during the term of his employment and within twelve (12) months following the completion of the Headquarters Relocation. The Relocation Reimbursement and the Tax Gross-Up shall be paid to Executive within forty five (45) days following the Company’s receipt of a written request for such reimbursement, but subject to receipt by the Company of supporting receipts and/or documentation and/or receipts in form and substance reasonably acceptable to the Company. If Executive voluntarily terminates his employment without Good Reason prior to the first anniversary of the Headquarters Relocation, Executive shall repay to the Company a pro rata portion of the Relocation Reimbursement and any Tax Gross-Up based on the number of days elapsed in the one-year period ending on the first anniversary of the Effective Date. The Company will have the right to offset such amounts against any compensation otherwise payable to Executive on the date of Executive’s termination of employment.

Relocation Expenses. Company shall pay Employee two-hundred and fifty thousand dollars ($250,000) (the “Relocation Payment”) to reimburse Employee for Employee’s relocation expenses associated with his or her move to Wisconsin in connection with his or her employment by the Company. The Relocation Payment shall be paid within thirty (30) days of the Start Date. If Employee incurs actual, reasonable and customary relocation expenses within one (1) year after the Start Date that exceed the Relocation Payment (for items such as real estate commissions and other closing costs relating to the sale of Employee’s current house, storage of Employee’s household goods for a maximum of six (6) months while Employee and his or her family are in temporary housing, etc.) (collectively, the “Excess Relocation Expenses”), Employee may provide the Company’s SVP of Human Resources with documentation of such Excess Relocation Expenses for review by the CEO, and the CEO may elect, in his discretion, to reimburse Employee for all or part or none of such Excess Relocation Expenses. In addition, the Company agrees to provide Employee with a payment equal to two percent (2%) of the final sale price of his current primary residence upon Employee’s successful sale and closure on such primary residence if such sale and closure is completed within six (6) months of the Start Date (the “Home Sale Payment”). The Home Sale Payment shall be paid within thirty (30) days of the sale and closure of the home subject to Employee’s submittal of documentation of the fmal sale closure. In addition to the Relocation Payment, Home Sale Payment and Excess Relocation Expenses (if any), Company shall reimburse Employee for the reasonable cost of temporary housing in Wisconsin and reasonable, occasional travel back to Employee’s house as of the Start Date for up to six (6) months after the Start Date and shall reimburse Employee for the reasonable expenses associated with two (2) house-hunting trips by Employee and his or her spouse. Reimbursement of such costs and expenses shall be made within thirty (30) days of Employee’s incurring the costs and expenses, subject to Employee’s providing reasonable documentation of the reimbursable costs and expenses. Employee agrees that if Employee initiates Employee’s Separation from Service without Good Reason (as defined below) at any time within twelve (12) months of the Start Date, Employee shall repay all payments made to him or her pursuant to this Section 4.5 (including without limitation the Relocation Payment, any Excess Relocation Expenses and the Home Sale Payment) within thirty (30) days of the Separation from Service. Employee further agrees that if Employee fails to relocate his or her primary residence to Wisconsin within six (6) months of the Start Date, he or she shall repay the Relocation Payment, any Excess Relocation Expenses and any Home Sale Payment.

Relocation Expenses. The Company shall provide reimbursement to the Executive of customary and reasonable expenses associated with the relocation of the Executive’s household to the Dallas area. These expenses shall include # for the selling of the Executive’s existing home: realtors fees, title insurance, inspection fees, transfer taxes, appraisals, and taxes associated with documentation filings; # packing, transportation, insurance, storage and unpacking of the Executive’s personal possessions to the Executive’s new home; and # for the purchase of the Executive’s new home: title insurance, inspection fees, transfer and documentation taxes, and loan origination fees not to exceed one percent of your mortgage. Presentation of proper evidence of expenses incurred will be required for reimbursement of the Executive’s relocation expenses and, once submitted, will be reimbursed within thirty (30) days following such submission. A payment to "gross up" reimbursed expenses will be made at the same time as such reimbursement to offset federal and other taxes deemed to be imposed on such reimbursement using the same tax rate assumptions specified in Section 4(g) for any component of the relocation that is considered taxable per IRS regulations. The Company shall reimburse the Executive for relocation costs up to a maximum of $260,000 (before "gross up" for federal income taxes). The Company shall make available to the Executive a full-service relocation service. In addition, the Company shall reimburse the Executive for the cost of up to three (3) house hunting trips for the Executive and the Executive’s family, including airfare, hotel, meal costs and the cost of a rental vehicle, which reimbursement shall not be included in the calculation of, or subject to, the $260,000 limitation above. The relocation assistance described in this Section 2(b)(viii) will be paid for expenses incurred through July 2021, though extension of this period is available upon request under special circumstances. Any such extension will be documented in writing.

Next results

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.