Extension of Short-Term Relocation Benefit for CEO, CFO, and Executive Officer
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Summary
This agreement extends the company's Short-Term Relocation Benefit for the CEO, CFO, and one other executive officer. The extension allows for up to four additional months of relocation benefits, through December 2018, with a maximum monthly cost of $10,000 per person. The agreement also maintains the same tax equalization provisions as previously detailed. The purpose is to support these executives' temporary relocation needs under specified financial and tax terms.
EX-10.J-2 9 col_exhibitx10j2x9302018.htm EXTENSION TO THE SHORT-TERM RELOCATION BENEFIT FOR THE CEO, CFO AND TWO OTHERS Exhibit
Exhibit 10.j.2
Description of Short-Term Relocation Benefit Extension
The Short-Term Relocation Benefit for the Company’s CEO, CFO and Two Other Executive Officers, which was filed as an Exhibit to the Company’s Form 10-Q for the period ending March 31, 2018, was extended in August for the CEO, CFO and one other executive officer. The extension covered up to an additional 4 months of relocation to December 2018 at a maximum monthly cost of $10,000 per month with a tax equalization calculated in the same manner as in detailed in the filed exhibit.
