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    Relocation Expense Agreement July, 2019 by and Between

    Uploaded by

    payalguptacs
    The document is a relocation expense agreement between an employer and employee. It states that the employer has agreed to pay Rs. 11,802 in relocation expenses for the employee who has accepted a position as Chief Sub Editor. In return, the employee agrees to remain in the position for 12 months or repay a prorated amount if they voluntarily leave early or are terminated for cause. The agreement also allows the employer to deduct any owed amounts from the employee's final paycheck and collect costs associated with recouping repayment if necessary.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Relocation Expense Agreement July, 2019 by and Between

    Uploaded by

    payalguptacs
    384 views1 page
    The document is a relocation expense agreement between an employer and employee. It states that the employer has agreed to pay Rs. 11,802 in relocation expenses for the employee who has accepted a position as Chief Sub Editor. In return, the employee agrees to remain in the position for 12 months or repay a prorated amount if they voluntarily leave early or are terminated for cause. The agreement also allows the employer to deduct any owed amounts from the employee's final paycheck and collect costs associated with recouping repayment if necessary.

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    relocation agreemnet

    Original Title

    Relocation Agreement

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    The document is a relocation expense agreement between an employer and employee. It states that the employer has agreed to pay Rs. 11,802 in relocation expenses for the employee who has accepted a position as Chief Sub Editor. In return, the employee agrees to remain in the position for 12 months or repay a prorated amount if they voluntarily leave early or are terminated for cause. The agreement also allows the employer to deduct any owed amounts from the employee's final paycheck and collect costs associated with recouping repayment if necessary.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    384 views1 page

    Relocation Expense Agreement July, 2019 by and Between

    Uploaded by

    payalguptacs
    The document is a relocation expense agreement between an employer and employee. It states that the employer has agreed to pay Rs. 11,802 in relocation expenses for the employee who has accepted a position as Chief Sub Editor. In return, the employee agrees to remain in the position for 12 months or repay a prorated amount if they voluntarily leave early or are terminated for cause. The agreement also allows the employer to deduct any owed amounts from the employee's final paycheck and collect costs associated with recouping repayment if necessary.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 1

    RELOCATION EXPENSE AGREEMENT

    This Relocation Expense Agreement (“Agreement”) is made at New Delhi on this 09th Day of
    July, 2019 by and between:
    The Company has agreed to pay certain relocation expenses on behalf of Employee. As part of
    the relocation agreement, the parties hereto agree to as follows:
    1. Employee has accepted full time employment with Employer as Chief Sub Editor in the
    Editorial department and Employee’s date of hiring is 14th May, 2019.
    2. Employer agrees to pay in the Net or Gross amount of Rs. 11,802/- as relocation expenses on
    behalf of the Employee in accordance of this agreement.
    3. In consideration for such relocation expenses, Employee agree to remain employed full time
    with Employer as Chief Sub Editor in the Editorial deaprtment for 12 months commencing from
    the Employee’s date of hire or transfer date, or the established appointment term. Employee
    understand that the above mentioned relocation expenses amount is subject to state taxes.
    4. The Employee agrees to repay the Company for relocation costs previously paid by the
    Company if the Employee voluntarily terminates employment with the Company prior to
    completing the full time commitment i.e. 12 Months .Further, the employee agrees to repay the
    Company such costs if the Employee is “terminated for cause” within the one year period from
    the Employee’s date of hire or transfer date. “Termination for cause” includes gross misconduct,
    gross negligence in performance of job duties, and insubordination. The percentage of
    relocation expense benefits to be repaid is based on the number of calendar months employed,
    according to the following table:
    5. Employee acknowledges and affirms that this agreement is not an employment contract or an
    agreement for a term of employment. Nothing is this agreement shall modify the Employee’s
    status with Employer in respect of Employment Agreement.
    6. Any amount due to Employer pursuant to this agreement is due and payable to Employer
    immediately upon demand. By signing this agreement, Employee hereby authorise said
    payment, should it become under these provisions, to be deducted from Employee’s full and
    final payment and Employee agree to be responsible for payment in full of any remaining money
    due.
    7. Employee agrees that should he/she receive any relocation assistance, or should any
    relocation expenses be paid on behalf of Employee as stated above, and should he/she fail to
    join Company as expected or transfer as expected, Employee will reimburse Company for those
    relocation expenses in full within ten (10) days of the date Employee was expected to
    commence employment with Company or transfer locations.
    8. Should it become necessary for Employer to collect any payment due, Employee agree to pay
    Employer for all the reasonable cost of collection and/or litigation, including necessary and
    reasonable Lawyer’s fees.
    9. The Company reserves the right to change these terms and conditions as necessary, with due
    notice.

    10. This Agreement constitutes the entire Agreement with respect to the matters contained
    herein and a signed copy or a signed facsimile of this agreement will be valid as an original.

    Page 1 of 1

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