Document ID: 11728

Text:
3.4 Relocation. CFO in good faith intends to relocate his household to the San Diego area as soon as practical, but no later than four (4)months following the Effective Date. Until such time as CFO relocates, CFO agrees to spend at least 4 days per week at the Companys offices in San Diego, unless as otherwise approved on a week-to-week basis by the Chief Executive Officer. The Company will cover the actual and reasonable costs, including out-of-pocket relocation, commuting and related tax expense, associated with CFO s relocation to the San Diego area, up to a maximum of $40,000 , exclusive of any tax gross-up payment. CFO must remain employed by the Company through and including the date of payment of any such amounts payable under this Section3.4, and all such payments will be subject to any necessary payroll deductions and all required withholdings.

Named Entities:
5
5
Role
16
18
Address
73
75
Role
113
116
Salary

Tokenized Text:
3
.
4
Relocation
.
CFO
in
good
faith
intends
to
relocate
his
household
to
the
San
Diego
area
as
soon
as
practical
,
but
no
later
than
four
(
4
)
months
following
the
Effective
Date
.
Until
such
time
as
CFO
relocates
,
CFO
agrees
to
spend
at
least
4
days
per
week
at
the
Companys
offices
in
San
Diego
,
unless
as
otherwise
approved
on
a
week-to-week
basis
by
the
Chief
Executive
Officer
.
The
Company
will
cover
the
actual
and
reasonable
costs
,
including
out-of-pocket
relocation
,
commuting
and
related
tax
expense
,
associated
with
CFO
s
relocation
to
the
San
Diego
area
,
up
to
a
maximum
of
$
40
,
000
,
exclusive
of
any
tax
gross-up
payment
.
CFO
must
remain
employed
by
the
Company
through
and
including
the
date
of
payment
of
any
such
amounts
payable
under
this
Section3
.
4
,
and
all
such
payments
will
be
subject
to
any
necessary
payroll
deductions
and
all
required
withholdings
.