Employment Agreement Relocation Expenses

The moving expense clause provides that the employer reimburses the worker for the moving costs incurred by the employment. Some clauses allow for the reimbursement of all „reasonable expenses,” while others set a cap on the amount of reimbursement. Some clauses also define the expected moving costs of the clause. reimbursement of [PARTY B] air fares and mileage charges between [LOCATION] and [LOCATION] until the 180-day period from [January 1, 2017] expires; and moving costs. [PARTY A] reimburses [PARTY B] reasonable costs [up to [REIMBURSEMENT CAP]] incurred in connection with the move to [PLACE OF RELOCATION]. Moving costs. [PARTY A] reimburses [PARTY B] the following costs related to the relocation of [PARTY B] to [LOCATION] whose total amount will not exceed [150,000.00] USD: The authors must also indicate that the reimbursement of moving expenses has tax consequences. As a general rule, employees must report all refunded moving expenses. See 521: Moving Expenses, IRS (2013). reimbursement of reasonable moving expenses [PARTY B] for the transfer of their home and family; . reimbursement of the real estate commission [PARTY B] on the sale of their home, which must not exceed USD 50,000; This clause is not so common, appears only in 10% of executive employment agreements, but will probably be a part of the negotiations if an executive from another city is hired. . .

. a full gross tax payment for the refund of taxes [PARTY B] in the event of receipt of refunds in accordance with this section . . . .