This form is a sample of a relocation agreement whereby an employer agrees to help its employee relocate to another town and state by paying for his existing house note and loaning the employee an amount of money equal to his equity in the house until he can sell the house.
Relocation Agreement between Employer and Employee Regarding Moving Expenses This Release is made and entered into on this the ____ day of ____________, 20____, by (Name of Employer), a corporation organized and existing under the laws of the state of (Name of State, with its principal office located at (street address, city, state, zip code), referred to as Employer, and (Name of Employee), hereinafter called Employee of (street address, city, state, zip code). Whereas, Employee is the (title of job) of Employer; and Whereas, Employee has been living in (Name of City and State) and working in the (e.g., regional) office of Employer; and Whereas, Employer has asked Employee to move back to (Name of State) in order to work in the home office of Employer at (street address, city, state, zip code); and Whereas, Employer has agreed to assist Employee regarding his moving expenses; Now, therefore, for and in consideration of the mutual covenants contained in this Agreement, and other good and valuable consideration, the parties agree as follows: I. Employer will loan Employee the sum of $______________ which is the estimated amount of equity Employer has in his home in (name of city and state). Employee
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