Relocation Repayment Agreement between HomeTrust Bank and Employee (Keith J. Houghton)
Contract Categories:
Human Resources
›
Employment Agreements
Summary
This agreement is between HomeTrust Bank and employee Keith J. Houghton. It states that if the employee resigns or is terminated for cause within 24 months of starting employment, he must repay all relocation expenses, including moving and temporary housing costs, paid by the bank. The bank is authorized to deduct any owed amounts from the employee’s final paycheck or other payments. If repayment is not made, the employee is responsible for any collection costs. The agreement does not guarantee employment for any specific period and allows either party to end employment at any time.
EX-10.28 4 htbi-2015x06x30x10kxex1028.htm EXHIBIT 10.28 Exhibit
Relocation Repayment Agreement
In consideration of the relocation costs paid by HomeTrust Bank, I hereby agree to the following Relocation Repayment Agreement in the event of my resignation or termination for cause within the first 24 months of my employment. I agree to reimburse 100% of the household goods moving expenses (packing, transport, delivery and unpacking) and the cost of temporary housing in the event of my resignation of employment or termination for cause before completion of the second year of my new employment.
If, at the time my final payroll check is issued, I have not yet reimbursed HomeTrust Bank any sums owed under this Agreement, I expressly authorize HomeTrust Bank to withhold such sums from my final payroll check or from any other amounts owed me (i.e. unpaid PTO). In the event such repayment is not made as provided herein, or a remaining balance is owed to HomeTrust Bank after termination of my employment, I further agree to pay all costs reasonably incurred by HomeTrust Bank in connection with the collection of amounts owed.
This Agreement does not constitute an employment contract for a definite term. I may, at any time, terminate the employment relationship with or without cause and with or without notice and HomeTrust Bank may, at any time, terminate the employment relationship with or without cause and with or without notice.
Keith J. Houghton | March 10, 2014 | ||
Applicant/Employee (Please Print) | Employment Start Date | ||
Applicant/Employee Signature | Date | ||
Human Resources Manager | Date | ||
