Example ContractsClausesu.k. tax gross upVariants
U.K. Tax Gross-Up
U.K. Tax Gross-Up contract clause examples

Relocation and Temporary Living Reimbursement. The Company will pay or otherwise reimburse Executive up to a maximum gross amount of $100,000 (inclusive of any tax gross up payments on the following) for: # reasonable moving expenses incurred by Executive and his immediate family for the packing, loading, insuring, and transferring household goods and furnishings during their relocation from Executive’s primary residence in

Executive shall be entitled to relocation assistance of up to $100,000 to cover the moving expenses of household goods, temporary housing, lease termination and/or other miscellaneous relocation expenses as appropriate. Executive shall be required to provide receipts and documentation for relocation expenses in accordance with the Company’s regular accounting and relocation policies.

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.

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