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RELOCATION HANDBOOK - ExxonMobil

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RELOCATION HANDBOOK - ExxonMobil Powered By Docstoc
					                               Revised June 2012




    NEW EXPERIENCED & Ph.D. RELOCATION




RELOCATION HANDBOOK




          Premier Service
                                                                            Revised June 2012




                                    TABLE OF CONTENTS
INTRODUCTION                                                                              1

     Eligibility for Relocation Assistance                                                 1
     Standards of Business Conduct/Conflict of Interest                                    1
     Relocation Expense Repayment Provisions                                               2
     The Role of the Relocation Company and Your Cartus Relocation Consultant             2

NON-SPECIFIC EXPENSE ALLOWANCE (NEA)                                                      3

HOME SALE ASSISTANCE                                                                      4

     Home Sale Eligibility                                                              4
     Real Estate Agent Selection                                                        5
     Listing Exclusion Clause                                                           6
     Referral Fees                                                                      6
     Selling Your Home                                                                6-7

HOME SALE OPTIONS                                                                         8

     The Valuation Process                                                                8
     Disclosure                                                                           9
     Inspections                                                                          9
     Receiving the Guaranteed Offer                                                      10
     Acceptance Process                                                                  10
     Amended Sale                                                                        11
     Insurance Coverage on Vacant Homes                                                  12
     Vacating the Residence                                                              12
     Equity Calculation and Closing the Sale                                             12
     Direct Sale                                                                         13



HOME SALE SELLER'S INCENTIVE                                                             14

HOME SALE LOSS ASSISTANCE                                                                15

     Purchase Price Documentation Requirements                                           15
     Home Sale Loss Reimbursement Instructions                                           16
     Home Sale Loss Capital Improvement Guidelines                                       17
     Capital Improvement Itemization Worksheet                                           18
     Home Sale Loss Assistance Calculation Worksheet                                     19


                                                                       Experienced New Hires
                                                                     Revised June 2012



     Example: Capital Improvement Itemization Worksheet                           20
     Example: Home Sale Loss Assistance Calculation Worksheet                     21
     Glossary of Terms                                                            22



NON-HOMEOWNER HOUSING ASSISTANCE                                                  23

     Lease Cancellation – Departure Location                                      23
     Home Selection Service                                                       23
     Rental Assistance – Destination Location                                     23

HOME SELECTION TRIP / INTERIM LIVING REIMBURSEMENTS                               24

     Lump Sum                                                                     24
     Reimbursement for Home Selection/Dependent Care                              25

PURCHASING A NEW HOME (IF APPLICABLE)                                             26

     Home Purchase Eligibility                                                  26
     Mortgage Programs                                                          26
     Home Purchase Closing Costs                                                27
     Direct Billing for Closing Costs                                           28
     Equity Loan                                                                28
     Duplicate Housing                                                     28 - 29

COST OF LIVING ALLOWANCE                                                          30

     Eligibility for Cost Of Living Allowance                                     30
     Calculation                                                                  30
     Relocating Again Prior To Completed Payments                                 31
     When Payments Cease                                                          31

HOUSEHOLD GOODS SHIPMENT                                                          32

     Shipment — Services Provided                                                 32
     Shipment — Services Not Provided                                             32
     Automobiles                                                                  33
     Pets                                                                         33
     Storage                                                                      33
     Insurance                                                                    33
     Damage Claims                                                                33

SPOUSAL EMPLOYMENT RELOCATION ASSISTANCE                                          34

REIMBURSABLE EXPENSES                                                             35


                                                                Experienced New Hires
                                                                     Revised June 2012



TAX ASSISTANCE                                                                    36

     Tax Assistance Calculations and Procedures                                   36
     Final Tax Assistance Calculation                                             37
     About Social Security Taxes                                                  37
     If You Earn The Social Security Salary Maximum Or More                       37
     If You Earn Less Than The Social Security Salary Maximum                     38
     Medicare                                                                     38
     Year End Processing Information                                              38

COMPANY TAX ASSISTANCE ON RELOCATION EXPENSES                                     39




                                                                Experienced New Hires
                                                                                   Revised June 2012



                                         Introduction

Congratulations on your new assignment! Your upcoming relocation with ExxonMobil will be an
exciting, challenging time for you and your family as you prepare for the change. Planning your
move with a clear understanding of the relocation policy will result in a successful relocation.
Please take the time to read this handbook carefully. Information in this Handbook is
subject to change and policy information provided by your Cartus Relocation
Consultant takes precedent. You must contact your Cartus Relocation Consultant
prior to starting any part of the relocation process, including the discussion of home
sale or purchase activities with a real estate agent/broker and, the agent must agree
to pay applicable referral fees. Failure to do so will result in decreased benefits.


ELIGIBILITY

To be eligible for relocation assistance, you are expected to obtain permanent residency in the
new work location within 90 days of your start date.

Relocation assistance is available when the distance between the old primary residence and the
new work location is at least 50 miles greater than the distance between the old primary
residence and the old work location.

Relocation assistance is not available where the distance between the new work and new home
is greater than the distance between the new work and old home; in other words, when the
employee elects to move farther away from the new work location.

If the employee does not relocate and does not meet the above requirements, no relocation
benefits will be payable.
Dependents for Relocation purposes are dependents recognized under the ExxonMobil Medical
Plan and will be permanently residing with the employee at the new work location.

PLEASE NOTE: If you and your spouse are both accepting an assignment with ExxonMobil, the
provision of the Dual Career Relocation will apply. Each eligible new hire will be provided the
Relocation Allowance. However, there will be only one Variable Lump Sum Option, one
Shipment of Household Goods, and one Apartment Locator Assistance.


STANDARDS OF BUSINESS CONDUCT
Relocation is a business activity and as such is governed by all Company policies and guidelines.
For example, the Standards of Business Conduct, Business Ethics, and accounting/controls
policies all apply.


CONFLICT OF INTEREST
As outlined in the Conflict of Interest Policy, "Exxon Mobil Corporation's policy requires that
directors, officers, and employees avoid any conflict between their own interests and the
interests of the Corporation in dealing with suppliers, customers and other third parties, and in
the conduct of their personal affairs"...


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In addition, the Conflict of Interest Guidelines state that "it is considered to be a conflict with the
Corporation's interest...for an employee to approve or administratively control contracts or other
business arrangements between the Corporation and a member of their immediate family or with
a company, firm, or individual employing a member of the employee's immediate family in
activities under the employee's administrative control. Review, approval, or administrative
control of such contracts and other business arrangements should be referred to senior
management."


This policy includes real estate transactions associated with company sponsored relocation
benefits.


RELOCATION EXPENSE REPAYMENT PROVISIONS
If you either voluntarily terminate your employment within twenty four (24) months of your
transfer effective date, or you do not relocate, you may be required to repay the Company all or
part of the relocation benefits paid either to you or on your behalf. Any reimbursements made
to you and not repaid will not receive tax assistance in the year paid.


To be eligible for relocation assistance, you are expected to obtain permanent residency in the
new work location within 90 days of your start date.


THE ROLE OF THE RELOCATION COMPANY AND YOUR CARTUS RELOCATION CONSULTANT
ExxonMobil has partnered with Cartus to implement the provisions of the Domestic Relocation
policy.

Upon receipt of the completed, approved Relocation Authorization form, your Cartus Relocation
Consultant will contact you to begin the relocation process. Please make sure you are in
contact with your Cartus Relocation Consultant PRIOR to starting any phase of the
relocation process and incurring any expenses. Failure to do so will result in
decreased benefits.

Your Cartus Relocation Consultant will guide you through every step of the process, answer
questions, outline the information needed to expedite the relocation, and will coordinate a team
of people to assist you during the move. We encourage you to become fully involved in your
move and work closely with the professionals who have been made available to you. Planning
your move with a full understanding of the policy will also help to avoid any unpleasant surprises.
The more actively you participate and provide necessary information, the more effectively the
Relocation Consultant can serve you.

The ExxonMobil Global Mobility Office is staffed by Company employees and provides guidance to
the Relocation Company on policy interpretation and administration.




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                       NON-SPECIFIC EXPENSE ALLOWANCE (NEA)
You are eligible for a Non-Specific Expense Allowance (NEA) equal to 1.25 times your monthly
salary. This payment is not intended as additional compensation. Management’s intent in
making this payment is to assist with all expenses associated with your relocation
not specifically covered by the relocation policy or that exceed the reimbursement
provided by the policy. No verification of expenditures is required.

This payment will be processed upon written request from you (via a Cartus Relocation Expense
Report), but not before your effective date of employment. Keep in mind that if you do not
complete your relocation, you may be required to repay the NEA.

Examples of some items this allowance covers:
   Additional income tax liability
   Dependent care other than during home selection trip
   Non-refundable deposits, membership dues, season tickets, etc.
   School fees such as forfeited tuition, testing fees, transcript fees, non-district fees during
    interim living, etc.
   Service cancellation charges, e.g., cell phones, security systems, pagers, internet service, etc.
   Carpet and drapery purchase/installation/cleaning
   Pet shipment (other than basic coverage), shots, quarantine and boarding
   Utility hook-up or service / installation / deposits; e.g. cable, internet, phone, gas, electricity
   Cleaning of former or new residence, including trash removal
   Non-reimbursable home sale and/or home purchase expenses
   Shipment of items not covered under the household goods program
   Additional household goods insurance during shipment
   Mileage, tolls during interim living
   Driver’s license/automobile registration
   Gratuities to household goods packing and shipping personnel
   Preparation of former residence for sale
   Vacant dwelling insurance
   Appraisal fees for household goods
   Mortgage Brokerage Fees
   Private Mortgage Insurance
   Realtor transaction fees other than reasonable & customary commission fee
This list is not meant to be all-inclusive but lists common expenses incurred during relocation.
You may have other expense items unique to your relocation not specified here nor specifically
covered elsewhere in the policy. Such items are to be covered by this benefit.
THIS BENEFIT IS CONSIDERED TAXABLE INCOME AND WILL BE TAX ASSISTED.

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                                 HOME SALE ASSISTANCE
Please be advised that you must contact your Cartus Relocation Consultant
prior to starting any part of the relocation process, including the discussion
of home sale or purchase activities with a real estate agent/broker and, the
agent must agree to pay applicable referral fees. Failure to do so will result
in decreased benefits.

HOME SALE ELIGIBILITY
To qualify for home sale assistance your home must:
   Be your permanent, principal residence
   Be located in the area from which you are transferring
   Be a single family house, condominium, co-op apartment, or townhouse
   Be wholly owned and occupied by you or you and your spouse
   Be habitable and in marketable condition per ExxonMobil assessment
   Have a clear and marketable title
   Not be under contractual agreement, i.e., tenant occupied
Ineligible properties include:
   Investment properties, duplex, multiple dwelling units or income producing properties
   Vacation, second or non-ExxonMobil principal homes Note: The Direct Sale option does not
    apply to homes that fall into this ineligibility category.
   Unimproved acreage or land, on which your home is located, in excess of what is typical for
    the area
   Homes involving litigation which will require assessment by ExxonMobil
   Houseboats
   Recreational Vehicle
   Vacant lots or land
   Mobile/Modular/Manufactured Homes (Contact your Relocation Consultant for information on
    the disposition)
   Homes under construction
   Homes with building code violations
   Homes with unacceptable levels of hazardous substance (radon, asbestos, soil contamination,
    mold, etc.) or uninsurable homes
   Homes not in marketable condition per ExxonMobil assessment

Do not assume properties not listed above are eligible for home sale assistance. Please call your
Relocation Consultant for verification.

You have twelve (12) months from your effective date of transfer to complete the Home Sale
process.
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If you elect not to sell your home at the old location within the twelve (12) month eligibility
period, the home will not be eligible for Home Sale Assistance with any future relocation offer
from the Company. Home Sale Assistance is based on the residence at the present work
location.

REAL ESTATE AGENT SELECTION
Selection of a knowledgeable and competent real estate agent is very important to the successful
listing and selling of your home. The Relocation Company can provide you access to a network of
the most qualified real estate brokers in your community specializing in relocating services. The
real estate agents within this broker network have been specifically trained to aggressively
market your home and address the needs unique to relocation.

Refer to the Standard of Business Conduct and Conflict of Interest information at the beginning
of this handbook. Company standards include selecting a real estate agent and all transactions
associated with relocation.

We recommend you interview real estate agents from this network to assess their capability to
effectively market your home. Please advise them that you are an ExxonMobil relocating
employee considering using their service and you have been referred by the Relocation
Company, who is administering the ExxonMobil relocation policy. This broker network has
agreed in advance to pay referral fees for this business, which reduces ExxonMobil's overall
relocation expense.

Once you have selected a real estate agent, notify your Cartus Relocation Consultant prior to
signing a listing agreement. Your Cartus Relocation Consultant will contact the agent, answer any
questions about the Marketing Assistance Program, and provide the required exclusionary clauses
for the listing agreement, as well as reviewing the agreement itself.

 Keep in mind when making your agent selection that you will be reimbursed for normal and
reasonable Seller's Closing Costs that are customary for your area. Your real estate agent must
comply with the documentation requirements and administrative processes as directed by the
relocation firm. Non-compliance can jeopardize your eligibility for program benefits. Fees which
are NOT covered would fall under items that your Non-Specific Expense Allowance (NEA) is
intended to cover and will not be otherwise reimbursed. Administrative Transaction Fees
charged by your Real Estate Agent in your listing agreement are NOT considered normal and
customary by ExxonMobil. If you are unsure of what is reasonable and customary for your area,
please contact your Cartus Relocation Consultant.

Some questions you might ask to help you in your agent selection process are:
   What locations and price ranges are you most successful in?
   How many homes similar to mine have you sold in the last 90 days?
   How do you intend to market my home (number of open houses, how often and where will
    my home be advertised)?
   How will the list price for my home be established?
Your listing agreement must include the Broker Exclusion Clause, which protects you from paying
a commission should you accept the Guaranteed Offer. If your listing agent has any questions
regarding the exclusion clause, please contact your Cartus Relocation Consultant before signing
the listing agreement.
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BROKER EXCLUSION CLAUSE
Your Cartus Relocation Consultant will provide you with a document entitled Broker Exclusion
Clause. This document must be signed by your listing agent & included in any listing agreement
to protect you from paying a broker's commission if you accept the Relocation Company’s
Guaranteed Offer or Amended Sale. Do not sign any listing agreement without the
exclusion clause.

SAMPLE LANGUAGE:

 This addendum shall override any conflicting clauses or statements in
                       the Listing Agreement.

    The Owners hereby reserve the right:
        1. To transfer, convey, or sell this property directly to Cartus at any
           time and in such event to cancel this agreement with no obligation
           for commission or continuation of the listing thereafter, or
        2. To assign any acceptable written offer hereafter to Cartus for
           closing, with payment of commission being the obligation of Cartus,
           the commission being earned at the successful closing of the home.


REFERRAL FEES
In consideration of the placement of the referral, and/or the marketing and corporate information
provided by Cartus to the listing broker, the listing agent agrees to pay Cartus a referral fee.
This referral fee is used by ExxonMobil to offset overall relocation expenses. The listing agent
authorizes the closing agent (Cartus' title company or attorney) to deduct the referral fee from
the commission monies due at the closing.

SELLING YOUR HOME
Since your home often represents one of the largest investments you make, this relocation policy
was developed to encourage and assist you in the sale of your primary residence for the best
possible price in the shortest amount of time. ExxonMobil has contracted with Cartus to provide
the professional assistance needed for this process. Your Relocation Consultant will discuss the
Home Sale Assistance process with you on an initial call. Concurrent with this process, the
Marketing Assistance Program will be introduced. Marketing Assistance has been designed to
help you with your real estate agent selection, effective listing strategy, follow-up with your
agent, and assistance with sales negotiations.

The Marketing Assistance Program may include:
   Suggestions on how to prepare your home for sale
   A recommended listing price and potential sale price
   Information on competing properties for sale and recently closed comparable homes
   A designated buyer profile for your property
   Creative home sale promotion ideas

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To ensure a realistic pricing strategy is in place, Cartus staff will monitor the entire listing effort,
including a review of homes currently listed in your area and an evaluation of recently closed
properties. Marketing Assistance also includes pro-active marketing-strategy calls and follow-up
on buyer and agent feedback, advertising and open house events. The Cartus Relocation
Consultant staff will also assist in negotiating terms and conditions of any contracts presented.

A Seller’s Incentive is available to encourage and reward you for the sale of your home to a
qualified buyer. (See Home Sale Seller’s Incentive for eligibility requirements.)




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                                   HOME SALE OPTIONS
Please be advised that you must contact your Cartus Relocation Consultant
prior to starting any part of the relocation process, including the discussion of
home sale or purchase activities with a real estate agent/broker and, the
agent must agree to pay applicable referral fees. Failure to do so will result in
decreased benefits.

We hope you are successful in selling your home on your own, and if so, we have an Amended
Sale program to assist with that sale. We also provide a Guaranteed Offer sale option should you
not find an outside buyer. Please read all the options as outlined below so you understand what
is available to you as well as how each sale option works.

Refer to the Standard of Business Conduct and Conflict of Interest information at the beginning
of this handbook. Company standards include selecting a real estate agent and all transactions
associated with relocation.


GUARANTEED OFFER
ExxonMobil has made the Marketing Assistance and Home Sale Incentive programs available to
assist you in getting the highest possible price for your home. However, there may be
circumstances in which your efforts to sell your home do not result in a sale. For these
situations, the Guaranteed Offer is available as a “safety net” for you.

THE VALUATION PROCESS
The value for the Guaranteed Offer will be established by using the following method:

   Two Independent Appraisals prepared by Appraisers selected by you from an approved list
    provided by Cartus.
As part of this process, the professionals you select will visit your home. They will also research
available data on home sales in the area for homes most comparable to your home. You are
provided a Comparable Property Information Form in the initial Home Sale package. You are
encouraged to complete that worksheet and provide the information to the professional for their
consideration, at the time of their visit. Adjustments are made for differences in features (e.g.
size, location, age, condition, etc). Current economic conditions, as well as the number and list
prices of competing homes on the market are also taken into consideration. The written
appraisals are then reviewed by Cartus for consistency of factual data, e.g., square footage,
number of rooms, sale information, etc. Should you be listed during the appraisal process,
it is recommended that you not alter your list price until your Guaranteed Offer has
been finalized.


*For additional information regarding ERC Relocation Appraisals, please review the Guaranteed
Offer Appraisal Review Guide provided in your Welcome Packet. If you did not receive this
information, please ask your Cartus Consultant for a copy.




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DISCLOSURES
As part of the valuation process, it is your legal responsibility under state law to disclose fully the
condition of your property to Cartus, as well as to any potential buyers. Failure to disclose
could constitute, at a minimum, misrepresentation, and possibly fraud, as well as a
violation of Company policies which would result in your home becoming ineligible
for the Home Sale Program.

Disclosure Forms include Homeowner Real Estate Disclosure Statement, Lead Paint Disclosure,
and any applicable, mandatory state disclosure forms. Please complete these forms (you, your
spouse and any other person on title must complete and sign these forms) and return them to
your Cartus Relocation Consultant along with any other requested documents as soon as
possible.

The valuation process will not begin without receipt of these disclosure forms by Cartus.

If you do not disclose complete and accurate information that is subsequently discovered, you
may be held responsible for all expenses involved in correcting the defect(s) and any possible
litigation, as well as possible disciplinary action for violating Company policies.

INSPECTIONS
During the valuation process, your Cartus Relocation Consultant may be ordering at least two
inspections for your home: well/septic and underground storage tank, as appropriate. Other
inspections will be on a “need only” basis. These inspections will be ordered if you, the Real
Estate Agent, or the Appraisers/Brokers bring issues to the Cartus Relocation Consultant’s
attention. Any inspection mandated by law or regulation (Federal, State or local) will also be
obtained under the “need only” inspection program. By law, any inspections performed must
be disclosed to a prospective purchaser.

Inspections ordered may include, but are not limited to:
                 Termite                                     Structural
                    Radon                                    Asbestos
                    Well/Septic                              General Home
                    Louisiana Pacific Siding                 Synthetic Stucco
                    Underground Storage Tanks                Mold
                    Water Penetration                        Pool
                    Roof                                     Spa


The inspectors will call you, or whomever you designate, to schedule appointments. Please be
sure to schedule these inspections concurrent with the valuation process.

Your Cartus Relocation Consultant will review the results with you verbally and follow up with
copies for your file. If repairs are required, all bids must be approved by Cartus prior to initiating
any work. You will have 30 days from receipt of the final inspection report to
complete repairs or Home Sale Assistance will convert to a Direct Sale. In certain
instances, if you have a guaranteed bid for the repair work, Cartus may withhold the amount of
the repair’s guaranteed bid, instead of performing the repair. Please check with your Cartus
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Relocation Consultant for approval.     Remember, inspection results must be disclosed to all
potential purchasers.

RECEIVING THE GUARANTEED OFFER
The appraisers will send Cartus the written Appraisal for review. Preliminary values cannot be
released until the Guaranteed Offer has been finalized. The Guaranteed Offer will be
presented only when the written Appraisals have been reviewed for accuracy and
consistency and clear title has been established.


The Guaranteed Offer will be calculated by averaging the two values presented, unless the two
values differ by more than 10%. In that case, Cartus will order a third value (the choice is yours
to make from the Cartus approved list), and the offer will then be established by averaging the
closest two values. You will receive copies of the Appraisals, along with the Contract of Sale for
the Guaranteed Offer price prepared by Cartus. You should typically receive your Contract
package within three to four weeks from the date of the last appraiser/inspector visit.

The Guaranteed Offer is not necessarily the highest possible price the property will bring. It is
intended to be a “safety net” and should be the last option you consider in selling your home and
should be used as a reference point for your marketing effort. You may appeal the Guaranteed
Offer within 5 business days of receipt of the Guaranteed Offer paperwork from your Cartus
Consultant. The appeal must be in writing. During the appeal process, (if listed) it is
recommended you do not reduce your list price until the appeal process is complete. Contact
your Cartus Consultant for further guidance.

The Guaranteed Offer is good for sixty (60) days from the date your offer is presented to you by
your Cartus Relocation Consultant, and should not exceed your 12 month eligibility period. You
should continue to market your home during this period as you may still receive a better offer
and the Seller’s Incentive, if you are able to bring in a sale during that time. Upon receipt of the
Guaranteed Offer, your home must be listed within 110% of the Guaranteed Offer or you will
forfeit eligibility for Home Sale Assistance, which includes Sellers Incentive and Duplicate
Housing.

In order to accept the Guaranteed Offer, you must have marketed your home for a minimum of
sixty (60) days.



ACCEPTANCE PROCESS
A Cartus Contract of Sale, a deed package, and all necessary documents required to sell your
home through Cartus will be forwarded to you. You must be listed at the time of acceptance.
Whether you accept the Guaranteed Offer or secure a bona fide purchaser for the
Amended Sale option, you will need to execute, notarize and return these documents.

Accepting the Guaranteed Offer and selling your home to Cartus does not constitute a taxable
benefit to you; therefore, exercising this option will not result in additional tax liability. (See
Equity Calculation and Closing the Sale)




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AMENDED SALE
You may sell your home to a third party before or after you receive a Guaranteed Offer. In
either situation, we have an Amended Sale Option.


PRE-GUARANTEED OFFER AMENDED SALE
You sell your home to a buyer BEFORE you receive a Guaranteed Offer from ExxonMobil.

If you receive a bona fide offer to purchase your home, prior to receiving a Guaranteed Offer,
you should contact your Cartus Relocation Consultant immediately and fax a copy of the contract
offer. Do not indicate your verbal acceptance, accept any money or sign any contracts
or transactional documents. Your Cartus Relocation Consultant will assist you in determining
if the offer is in your best interest and the terms are acceptable.

In addition, your Cartus Relocation Consultant will identify any items not reimbursable under the
relocation program. Some examples of non-reimbursable expenses are buyer’s closing costs,
Home Owner's Warranty, inspections, repairs and repair allowances, and other items typically
charged the buyer. The amended sale must be scheduled to close within sixty (60) days.

Once clear title has been established and inspections and/or repair contingencies are satisfied,
Cartus will also prepare a Contract of Sale, which reflects the OFFER PRICE agreed upon. Your
Cartus Relocation Consultant will then assist you in getting the necessary paperwork executed to
process the acceptance.

POST-GUARANTEED OFFER AMENDED SALE
You sell your home to a buyer AFTER you receive a Guaranteed Offer from ExxonMobil.

If you receive a bona fide offer to purchase your home during the sixty (60) day Guaranteed
Offer acceptance period, you should contact your Cartus Relocation Consultant immediately and
fax a copy of your offer. Do not indicate your verbal acceptance, accept any money, or
sign any contracts.

In addition, your Cartus Relocation Consultant will identify any items not reimbursable under the
relocation program. Some examples of non-reimbursable expenses are buyer’s closing costs,
Home Owner's Warranty, inspections, repairs and repair allowances, and other items typically
charged the buyer. The amended sale must be scheduled to close within sixty (60) days.

Your Cartus Relocation Consultant will review the offer to determine that all the terms and
contingencies are acceptable, and that the offer will net at least 95% of the Guaranteed Offer.
Any costs you agree to pay (e.g., incentives, repairs, buyer’s points, inspections, Homeowners
Warranty and repair allowances, etc.) will be subtracted from the sales price, and are not
reimbursable. If the net sales price is at least 95% of the Guaranteed Offer, the Cartus
Relocation Consultant will then assist you in getting the necessary paperwork executed to
process the acceptance. The Amended Sale must be scheduled to close within sixty (60) days.

Once it has been determined that the offer is acceptable (this will typically take 2-3 business
days), do not sign any documents pertaining to the sale. Cartus must sign all documents for
compliance with IRS regulations. As part of the process, your Guaranteed Offer will be
“amended” to reflect the amount of the outside offer.
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If the outside sale offer nets 95-100% of the Guaranteed Offer, your equity will be based on the
Guaranteed Offer price, not the sales price. If the outside sale offer is greater than the
Guaranteed Offer price, Cartus will amend the Guaranteed Offer and pay the OUTSIDE SALE
OFFER PRICE, less customary deductions, such as outstanding mortgages or agreed upon
concessions, etc. The acceptance and equity process will occur once clear title has been
established and inspections and/or repair contingencies are satisfied. Your Cartus Relocation
Consultant will then assist you in getting the necessary paperwork executed to process the
acceptance.

NOTE: By utilizing the Amended Sale Option, you will not have to attend the closing. Cartus
pays the commission and normal closing costs on behalf of ExxonMobil. These items are not
reimbursed directly to you and therefore, not considered income to you.


INSURANCE COVERAGE ON VACANT HOMES
Many homeowner policies do not provide coverage for vacant homes. Please check with your
insurance agent about Vacant Dwelling Insurance Coverage if your new home or your old home
will be vacant for any period of time while you are in possession. This coverage will be at your
own expense, and is considered part of the Non-Specific Expense Allowance (NEA).

VACATING THE RESIDENCE
In either Amended Sale option, you must vacate your home and give possession in accordance to
the terms of your amended sale contract. If accepting the Guaranteed Offer (no 3rd party
sale on your home) the vacate date is normally within 30 days from the date the Cartus
Contract of Sale is signed. You are responsible for all expenses associated with your home (taxes,
mortgage interest, insurance, maintenance, etc.) until the Cartus Contract of Sale date or your
vacate date, whichever is later.


Please be aware that Cartus will be marketing the property during the time you remain in the
home. Your cooperation in keeping it in order and scheduling showings is expected and
appreciated.

EQUITY CALCULATION AND CLOSING THE SALE
Cartus will assume responsibility of all mortgage payments, utilities, and maintenance as of the
possession date. Possession is defined as the Cartus Contract of Sale date or vacate date,
whichever is later. Prior to the possession date, all expenses will remain your responsibility. You
will need to sign, notarize and return all forms required to contract with the Relocation Company.

Your equity calculation is your actual sale price (Amended Sale) or the Guaranteed Offer less:
   outstanding mortgage and liens
   pro-rated mortgage interest
   pro-rated property tax (even if you escrow for taxes through your lender. Your lender will
    refund your escrow balance once your loan is paid in full.)
   pro-rated homeowner’s association dues
   costs of any contracted repairs/allowances, or required repairs based on inspections

                                                                                       Page 12 of 39


                                                                               Experienced New Hires
                                                                                    Revised June 2012



DIRECT SALE
A Direct Sale is not eligible for the Seller’s Incentive, Duplicate Housing or an Equity
Loan/Advance.
The Direct Sale Option is applicable in three situations:
    1. You secure a bona fide purchaser for your property and elect not to close the home
        through the Relocation Company; OR
    2. You have signed the sales contract as "seller"; OR

    3. Your home is ineligible for the home sale program. Note: Non-Primary residences are
    ineligible for Home Sale Assistance and the Direct Sale option.

Cartus, upon receipt of documented home sale expenses (HUD statement), will coordinate
reimbursement. Keep in mind, you will be required to attend the closing.



Examples of reimbursable costs:
   Real Estate Commission up to a maximum of 6%                  Transfer taxes
   Abstract of Title/Title Insurance (per local custom)          Attorney fees
   Documentary tax / excise stamps, tax certificates             Survey expense
   Inspection fees as required by lender (radon, etc.)           Escrow / Conveyance fee
   Local statutory costs                                         Notary fees
   Mortgage recording or discharge fees


This list is not all-inclusive. Questionable items should be addressed with your Cartus Relocation
Consultant before the scheduled closing.

You will receive tax assistance but you are not eligible for the Seller’s
Incentive.




                                                                                       Page 13 of 39


                                                                               Experienced New Hires
                                                                                    Revised June 2012



                          HOME SALE SELLER’S INCENTIVE

If your marketing efforts under the Company's Home Sale Assistance Program, have been
successful, and you contacted Cartus prior to beginning the process, you may be eligible for the
Seller’s Incentive through the Amended Sale Program.

A Seller’s Incentive of 3% net selling price of the home will be paid when the following
requirements are met:
      Pre-Guaranteed Offer
       You secure an Amended Sale.
      Post-Guaranteed Offer
       Your list price must not exceed 110% of your Guaranteed Offer once received.
         You secure an Amended Sale before the expiration of your Guaranteed Offer
          period. (An extension of 7 business days will be approved if you are negotiating
          a sale with a written contract).
         The net sales price is at least 95% of the Guaranteed Offer once received. The
          net sales price is the sales price less any seller concessions, e.g., allowances,
          repair caps (termite and all other repairs), and home warranty, etc. (This list is
          not meant to be all inclusive but lists common concessions given by a
          Seller to a Buyer.)
If you elected not to contact Cartus prior to beginning the home sale process, you will
be eligible for a 1% Seller's Incentive.

The Seller’s Incentive payment is considered taxable income and will be reported on your W-2
form. Taxes will be withheld at the time of payment. This payment is not eligible for tax
assistance.
       NOTE: A Direct Sale is not eligible for the Seller’s Incentive, as it does
       not allow the Company to realize the savings inherent in an amended
       sale.




                                                                                       Page 14 of 39


                                                                               Experienced New Hires
                                                                                    Revised June 2012




                        HOME SALE LOSS ASSISTANCE
Home Sale Loss Assistance is provided if you incur a loss on the sale of your home as a result of
being relocated by the Company. If your home sells for less than your original purchase price
plus recognized capital improvements, you may be eligible for loss assistance. Assistance will not
be provided for any portion of the loss due to neglect or other failure on your part to maintain
the home properly.


The Home Sale Loss calculation is based on the original purchase price of the home (the
recorded sale price on the settlement statement), plus recognized capital improvements, and the
greater of either the Guaranteed Offer or the actual selling price less any concessions or repairs
(net sale price). Capital improvements are recognized for the Home Sale Loss calculation per
the schedule on the following page. Insurance Payments received must be deducted prior to the
calculation. The loss reimbursement is 95% of the actual loss, up to 20% of the base value or
$100,000, whichever is less. Items escrowed at the time of the home purchase or items paid
outside of closing, will be included in the original home purchase price. These items are not
applicable in the capital improvement schedule as part of the purchase price.


Note: If applicable, Home Sale Loss Assistance is provided under the Home Sale Assistance and
Direct Sale program.

PURCHASE PRICE DOCUMENTATION REQUIREMENTS:

   Closing statement (HUD-1) fully executed by buyer, seller and settlement agent from original
    purchase of home. [Note: a HUD-1 from re-financing is not acceptable]

CAPITAL IMPROVEMENTS DOCUMENTATION REQUIREMENTS:

   Vendor invoice(s) including vendor name, date work performed and description of services or
    items purchased.

   Verification of payment including paid receipts or cancelled checks (front and back of check).


   NO reimbursement will be made for using airline miles, points, or gift cards for capital
    improvements.




                                                                                       Page 15 of 39


                                                                               Experienced New Hires
                                                                                                       Revised June 2012

                        HOME SALE LOSS REIMBURSEMENT INSTRUCTIONS

1.   Review Home Sale Loss Guidelines (Page 15)

2.   Complete Capital Improvement Itemization Worksheet (Page 18)

     Capital Improvement Itemization Worksheet Instructions:

        List item description
        Indicate original amount of the item less any insurance payments received
        Refer to Capital Improvement guidelines (Page 17) for percentage reimbursement
        Calculate percentage and place in appropriate column
        Confirm required documentation for each item by placing check mark in column labeled “Required
         Documentation Attached” (refer to required documentation listed on Page 17)
      Total each percentage column
      Place total of all percentage columns at bottom
      Sign and date worksheet, certifying that all information is true and accurate
3.   Complete Home Sale Loss Calculation (Page 19), referring to the Glossary of Terms (Page 22) when necessary
4.   Sign the completed form.
     Home Sale Loss Assistance Calculation Worksheet Instructions:

      Indicate Name, PERNR#, Effective Date of Transfer and Cartus File Number
      Complete Step 1 with Original Purchase Price (see Page 22, Glossary of Terms, for definition of Original
        Purchase Price) and place amount in Box 1
      Complete Step 2 with the total amount from the Capital Improvements Itemization Worksheet and place amount
        in Box 2.
      Complete Step 3 with the sum of Box 1 and Box 2, which is your Base Value. Enter amount in Box 3
      Complete Step 4:
         Enter amount of your Guaranteed Offer (if applicable) in Box A
         Enter amount of your outside sales price (if applicable) in Box B
         Enter total amount of concessions and repairs from your outside sale (if applicable) in Box C
         Determine Net Sales Price by subtracting Box C from Box B. Enter amount in Box D
         Determine the greater of Box A or Box D. Enter amount in Box 4
      Complete Step 5 (Actual Loss) by subtracting Box 4 from Box 3. Enter amount in Box 5
      Complete Step 6 by calculating 95% of Actual Loss (Box 5). Enter amount in Box 6
      Complete Step 7 by determining 20% of Base Value (multiply Box 3 times 20%). Enter amount in Box 7
      Complete Step 8 by determining the lesser of Box 6 and Box 7. Enter amount in Box 8 which is your Loss On
        Sale Payment
      Sign and date the Home Sale Loss Assistance Calculation Worksheet, certifying that all information provided is
        true and accurate
5.   Make yourself a copy of all submitted forms and documentation
6.   Return to your Relocation Consultant with all required documentation



                                                                                                          Page 16 of 39


                                                                                                  Experienced New Hires
                                                                                                                                                                 Revised June 2012

                                                         HOME SALE LOSS CAPITAL IMPROVEMENT GUIDELINES
                                Improvement                                          Percentage of Reimbursement
                                                                                      50%        75%       100%                     Documentation must include:
          All improvements listed on HUD - 1 Settlement Statement                                                    Date of work shown on all receipts
                                                                                                                     Name of vendor providing work/service shown on all receipts
                                                                                                                      Proof of payment for work completed (paid receipts or front and
                              Major Home Features                                                                     back copy of cancelled checks, credit card or bank statement.
Built in wood cabinetry or shelving      Duct work                                                                    Fully executed HUD 1 from original purchase
Sump Pump ²                              Central humidifier                                                           Detailed documentation from Insurance Company confirming
Permanent Summer / Outdoor Kitchen Filtration system                                                                   item/items covered, insurance payments received and proof of
Permanent Media Room                     Septic system                                                                 payment to contractor
HVAC                                     Water heater
Furnace                                  Soft water system
Built-in appliances                      Remodeling kitchen, bathroom
Whole House Fan                          Floor upgrades                                                                                       Comments
Basement waterproofing                   Deck/Porch/Patio                                                          ¹ Conversion to livable space, walls, air condition, etc.
Siding/Hardiplank                        Insulation of attic, walls, floor, pipes,                                 ² If permanently installed
Pellet Stove                             Roof replacement
                                         Plumbing
                                Lawns & Grounds:                                       
Landscaping                             Sprinkler system
Driveway/Walkway                        Swimming pool
Fence/Retaining walls                   Swimming Pool Improvements / Safety
Hunters Shed/Work Shop (permanent gates, fences/covers
fixture)                                Gutters
Mosquito Control                        French drains
Patio Cover/retractable awning          Spa/Hot Tub
Built-in Bar B Q
                               Miscellaneous:                                          
Storm windows and doors                   Garage       Improvements       (Doors,
Solar screens / windows and doors         openers, floor polymer coating)
Central vacuum system                     Indoor/Outdoor speakers or surround
Wiring upgrades (new wiring for           sound
lighting, fans, sound system, security)   Window Well Covers
Security system                           Radon Mitigation System
Shutters / Blinds / Shades

According to the IRS, a repair keeps your property in good operating condition. It does not materially add to the value of your property or substantially prolong its
life." Work you do (or have done) on your home that does not add much value to the life of the property, but keeps the property in good condition, is considered a
repair, not a capital improvement.


                                                                                                                                                                    Page 17 of 39


                                                                                                                                                           Experienced New Hires
                                                                                               Revised June 2012


                                  CAPITAL IMPROVEMENT ITEMIZATION WORKSHEET
Capital Improvement Item     Original      No      Insurance       50%       75%        100%             Required
                            Amount of   Coverage    Payment                                            Documentation
                              Item                  Received                                             Attached

                            $                      $           $         $          $

                            $                      $           $         $          $

                            $                      $           $         $          $

                            $                      $           $         $          $

                            $                      $           $         $          $

                            $                      $           $         $          $

                            $                      $           $         $          $

                            $                      $           $         $          $

                            $                      $           $         $          $

                            $                      $           $         $          $

                            $                      $           $         $          $

                            $                      $           $         $          $

                            $                      $           $         $          $

                            $                      $           $         $          $

                            $                      $           $         $          $

TOTALS                      $                      $           $         $          $




Recognized Capital Improvements (total of all percentage columns)                          $

       Employee Signature                                                    Date




                                                                                                  Page 18 of 39


                                                                                         Experienced New Hires
                                                                                                           Revised June 2012


    HOME SALE LOSS ASSISTANCE CALCULATION WORKSHEET

             Employee Name

             PERNR#

             Effective Date of Transfer

             Cartus File#


1            Original Purchase Price                          {1}
             (recorded sales price)
             HUD-1 from refinance is not acceptable           Plus
                                                              {2}
2            Recognized Capital Improvements
                                                                                                            {3}
3            Base Value (#1 plus #2)
                                                                                                            Minus
                  Guaranteed Offer                            $                                             {4}
4
                  A                                                                    Greater of A or D
                                                              $
             3rd Party Sales Price                    B
             Concessions / Repairs                            $
             (at Final Equity)                        C
                                                              $
             Net Sales Price (B minus C)              D
                                                                                                            {5}
5            Actual Loss (#3 minus #4)


                                          Loss Reimbursement Calculation
                                                                                     {6}
6            95% of Actual Loss (#5 x 95%)
                                                                                     {7}
7            20% of Base Value (#3 x 20%)


8            Loss on Sale Due Employee                                               {8}
             Lesser of #6 or #7 –                                                             $
             MAXIMUM, $100,000

    I certify that all information provided in this document is true and accurate.

    Employee Signature                                                                       Date


    CARTUS CERTIFICATIONS

    Home Sale Loss Specialist                                                                Date

    Client Services Manager                                                                  Date

    Relocation Accounting Specialist                                                         Date

                                                                                                              Page 19 of 39


                                                                                                    Experienced New Hires
                                                                                                           Revised June 2012


                                           CAPITAL IMPROVEMENT ITEMIZATION WORKSHEET
Capital Improvement Item        Original        No        Insurance       50%       75%        100%             Required
                               Amount of      Coverage     Payment                                        Documentation Attached
                                 Item                      Received
Swimming pool                                                                                            Check, Invoice
                           $30,000                       $10,000      $10,000   $         $

Landscaping                                                                                              Check, Invoice
                                                         $            $5,000    $         $
Remodeling of kitchen                                                                                    Check, Invoice
                           $20,000                       $            $         $15,000   $

                           $                             $            $         $         $

                           $                             $            $         $         $

                           $                             $            $         $         $

                           $                             $            $         $         $

                           $                             $            $         $         $

                           $                             $            $         $         $

                           $                             $            $         $         $

                           $                             $            $         $         $

                           $                             $            $         $         $

                           $                             $            $         $         $

                           $                             $            $         $         $

                           $                             $            $         $         $

TOTALS                     $50,000                       $10,000      $15,000   $15,000   $0




Recognized Capital Improvements (total of all percentage columns)                                     $30,000

           Employee Signature         John Doe                                      Date Nov, 1, 2011_____________




                                                                                                              Page 20 of 39


                                                                                                      Experienced New Hires
                                                                                                                             Revised June 2012



                            HOME SALE LOSS ASSISTANCE CALCULATION WORKSHEET
         Employee Name                  John Doe
         PERNR#                                 1010000
         Effective Date of Transfer 11/1/04
         Cartus File#                           150000

1                ORIGINAL PURCHASE PRICE                  {1}   250,000

         (recorded sales price)                           Plus
         HUD-1 from refinance is not acceptable
                                                          {2}   35,000
2        Recognized Capital Improvements
                                                                                                                     {3}   285,000
3        Base Value (#1 plus #2)
                                                                                                                     Minus
                                                          $ 270,000                                                  {4} 270,000
4             Guaranteed Offer                  A
                                                                                                Greater of A or D
                                                          $ 260,000
         3rd Party Sales Price                  B
         Concessions / Repairs                            $ 5,000
         (at Final Equity)                      C
                                                          $ 255,000
         Net Sales Price (B minus C)            D
                                                                                                                     {5} 15,000
5        Actual Loss (#3 minus #4)


                                           LOSS REIMBURSEMENT CALCULATION
                                                                                 {6}   14,250
6        95% of Actual Loss (#5 x 95%)
                                                                                 {7}   57,000
7        20% of Base Value (#3 x 20%)

8        Loss on Sale Due Employee                                               {8}
         Lesser of #6 or #7 –                                                               $14,250
         Maximum, $100,000

I certify that all information provided in this document is true and accurate.
Employee Signature           John Doe                                                      Date        Nov 1, 2011



CARTUS CERTIFICATIONS

Home Sale Loss Specialist                                                               Date _________
Client Services Manager                                                                 Date _________
Relocation Accounting Specialist                                                        Date_________



                                                                                                                                Page 21 of 39


                                                                                                                     Experienced New Hires
                                                                                                          Revised June 2012


GLOSSARY OF TERMS



Actual Loss         Base Value less the greater of the Guaranteed Offer or the Net Sales Price of the
                    outside sale.


Base Value          The sum of Original Purchase Price of the home and any Recognized Capital
                    Improvements.


Capital             Recognized improvements which increase the life and/or value of the property.
Improvements

Concessions         Any amount agreed upon to offer as a credit to the buyer in order to secure the
                    outside sale (i.e. Buyer’s Closing Costs, Home Owner’s Warranty, credit for repairs,
                    etc.)


Final Equity        The sales price Cartus pays for your home less the amount owed on your existing
                    mortgage, property taxes and any other requirements to sell your home.



Guaranteed Offer    The dollar price that appears in the Cartus contract of sale. It normally represents the
                    average of two estimates of current market value by independent fee appraisers or
                    brokers. Often referred to as NOV – notification of value.


HUD-1               Settlement statement received at closing. Note: HUD-1 from the initial purchase of
                    the home is required. A HUD-1 as a result of a refinance is not acceptable.


Net Sales Price     Outside sale price less any seller concessions required to secure the sale of the
                    home.


Original Purchase Purchase price recorded on the HUD-1 (executed settlement statement received at
Price             original home closing). A refinanced mortgage is NOT your Original Purchase Price.


Third Party Sale    Sale of home to an outside buyer.




                                                                                                               Page 22 of 39


                                                                                                     Experienced New Hires
                                                                                                           Revised June 2012


                                NON-HOMEOWNER HOUSING ASSISTANCE

LEASE CANCELLATION – DEPARTURE LOCATION
Reimbursement of all actual and reasonable expenses associated with the termination of your lease at the departure
location not to exceed 3 (three) months rent. This includes any portion of the security deposit that is forfeited but
does not include the cleaning or redecorating deposit. All costs must be documented by a bona fide receipt for the
total amount, on letterhead signed by the lessor.


THIS BENEFIT IS CONSIDERED TAXABLE INCOME AND WILL BE TAX ASSISTED.


HOME SELECTION SERVICE
Home Selection Service is available to help you to find a home in your new location. Your Cartus Relocation
Consultant can assist you with selecting a qualified, professional broker from Cartus' Preferred Broker List for providing
home lease or home purchase assistance.

If you are interested in home purchase, please consult the Home Purchase Assistance section of this policy to
determine eligibility.


RENTAL ASSISTANCE – DESTINATION LOCATION
Your Cartus Relocation Consultant will provide you with the services of a relocation apartment locator in the new area.

If required, a documented Finders Fee expense may be reimbursed. This expense requires approval by your Cartus
Relocation Consultant and should be no more than what is considered normal and customary for the destination area.
In addition, you will be reimbursed for one set of actual documented expenses required to secure a rental in the new
area, excluding rents and deposits.

NOTE: A transfer clause should be inserted in your new lease contract enabling you to break the lease in the event of
a future transfer. An example of such a clause would be:
         “It is hereby mutually agreed that if the tenant is transferred out of the area by his/her employer,
        with proper verification, this lease will be terminated upon receipt by the Landlord/Agent of ____
        days' written notice. This notice period runs from the first day of the first full month following the
        notice.”



This benefit is considered taxable income and will be tax assisted.




                                                                                                              Page 23 of 39


                                                                                                      Experienced New Hires
                                                                                                             Revised June 2012


            HOME SELECTION TRIP/INTERIM LIVING/ FINAL MOVE REIMBURSEMENTS

You are eligible to receive a lump sum payment for your interim living, home selection trip, final move and associated
transportation expenses.

The lump sum amount is based on:

   New Location
   Home status (homeowner or renter – within 90 days of your transfer effective date)
   Number of eligible dependents

These components ensure that allowances are reasonable and adequate in relation to your specific needs.

The lump sum amount is designed to include the following expenses:


RELOCATION EVENT                                  EXPENSES
Home Selection Trip                                  Transportation (airfare or mileage), car
Covers employee and one dependent up to ten           rental if required, parking, taxi, train fares,
days, nine nights                                     tolls, etc.
                                                     Lodging (Marriott -style hotel)
                                                     Meals
                                                     Laundry and other incidentals, including
                                                      telephone calls
Interim Living                                       Transportation (airfare or mileage), car
Covers up to 30 days for the employee at the          rental if required, parking, taxi, train fares,
new location                                          tolls, etc.
                                                     Lodging (Residence Inn-style hotel)
                                                     Meals
                                                     Laundry and other incidentals, including
                                                      telephone calls
Final Trip                                           Transportation (airfare or mileage)
From departure work location to new work             Lodging (Marriott-style hotel)
location for employee and dependents.                Meals
                                                     Laundry and other incidentals, including
                                                      telephone calls

Items paid or reimbursed in addition to the lump sum include:
       - NEA payment (1.25 times monthly salary)
       - Home sale benefits (if applicable)
       - Home purchase benefits (if applicable)
       - DUPLICATE HOUSING (IF APPLICABLE)
        -   Spousal assistance benefits (if applicable)
        -   Transportation of household goods
        -   Up to 30 days storage
        -   Transportation of automobiles
        -   Dependent care (see Reimbursement for Dependent Care (Children or Elderly)




                                                                                                                Page 24 of 39


                                                                                                        Experienced New Hires
                                                                                                         Revised June 2012




REIMBURSEMENT FOR HOME SELECTION/DEPENDENT CARE (CHILDREN OR ELDERLY)
While you are on your home selection trip, you will be reimbursed for actual documented dependent care expenses
per one of the following scenarios:

   Dependents accompany you on the home selection trip. Airfare and meal expenses will be covered for the
    dependents.
   Transportation (airfare or mileage) of one relative to stay with your dependent(s) at your home location (must be
    within the US)*
   Transportation (airfare or mileage) of your dependents to stay with a relative at their home (must be within the
    US)*
   Local prevailing rates for a care service provider at the home location

    * Lodging, meals and other incidental expenses will be your expense.
1
  Dependents for Relocation purposes are dependents recognized under the ExxonMobil Medical Plan and will be permanently
residing with the employee at the new work location.




                                                                                                            Page 25 of 39


                                                                                                    Experienced New Hires
                                                                                                         Revised June 2012


                                         PURCHASING A NEW HOME
In order to receive Home Purchase Assistance as part of your relocation, you must currently own a home in
the old location. Please be advised that you must contact your Cartus Relocation Consultant prior to
starting any part of the relocation process, including the discussion of home sale or purchase activities with
a real estate agent/broker and, the agent must agree to pay applicable referral fees. Failure to do so, will
result in decreased benefits.

As you consider the purchase of a new home, you may wish to review the Home Sale Loss Assistance
section of this policy. Note: While Home Sale Loss may be applicable if you are currently selling a home,
this policy is subject to change and therefore the current components of Home Sale Loss Assistance may
not apply in the future.

HOME PURCHASE ELIGIBILITY
The same guidelines governing properties eligible for Home Sale Assistance will apply to properties at the new work
location eligible for Home Purchase Assistance. Items disclosed at the time of purchase will need to be disclosed at
the time of sale.

MORTGAGE PROGRAMS
Once you have found a home you intend to purchase, you will probably need a mortgage to complete the transaction.
ExxonMobil has established a relationship with Bank of America, Citi Mortgage, Chase and Wells Fargo Home
Mortgage. You are free to obtain your loan through the lender of your choice; however, there are additional benefits
to utilizing one of the preferred national lenders:
   Direct billing of closing costs--you don't have to arrange payment
   Preferred rates for transferring employees
   Pre-approval prior to your house hunting trip
   Prompt mortgage approval and processing turn-around times
   Reduced documentation requirements
   Credit for working spouse income
In addition to these benefits, the preferred lenders are familiar with the levels of reimbursements and benefits you are
entitled to receive under the relocation policy. The Mortgage Consultant will help you analyze all aspects of your new
mortgage.

           Bank of America                                               1-800-809-8230
           www.relocation.bankofamerica.com/ExxonMobil
           Citi Mortgage                                                 1-800-925-5319
           www.citimortgage.com
           Chase                                                         1-866-289-7132
           WWW.CHASE.COM/EXXONMOBILRELO

           Wells Fargo Home Mortgage                                     1-800-457-4663
           https://www.wellsfargorelo.com/relo/home.wfm
                                                                         9

         You will need to identify yourself as a relocating employee of ExxonMobil.
                                                                                                            Page 26 of 39


                                                                                                    Experienced New Hires
     Revised June 2012




        Page 27 of 39


Experienced New Hires
                                                                                                      Revised June 2012


                                            HOME PURCHASE ASSISTANCE

HOME PURCHASE CLOSING COSTS
There are numerous expenses associated with the purchase of your new home that vary by state and local custom.
You will be reimbursed for buyer’s expenses customary in the new location; which should be discussed with your
Cartus Relocation Consultant.


Eligibility requirements for home purchase assistance:
   You must own a home (primary residence) in the old location.
   Closing on your new home purchase must occur within twelve (12) months of your effective date of transfer.
   Your new home must be located near your new work location, (typically within a 50 mile radius)
In all cases, only one set of lending fees and one-time closing fees will be reimbursed. Fees and charges most
commonly recognized for reimbursement are:


   Abstract or title search
   Amortization fee
   Application fee
   Appraisal fee (1)
   Attorney fees (where required by state law)
   Certified copies
   Credit report (1)
   Document preparation fee
   Escrow fee
   Guarantee fee
   Inspections that are normal and customary for the area (termite, well/septic)
   Loan origination fee not to exceed 1% of the mortgage amount. If you do not contact Cartus prior to
    beginning the home purchase assistance program, you will not be eligible for the 1% loan
    origination fee.
   Owners Title Policy is not covered unless it is a customary practice for the area
   Lender's Title Policy
   Messenger service fees/express shipment fees
   Notary fees
   Recording fees
   Settlement or closing fee
   Survey
   Tax service fee
   Title examination
   Underwriting fee

                                                                                                         Page 28 of 39


                                                                                                 Experienced New Hires
                                                                                                           Revised June 2012


   Costs associated with loans obtained through private or family sources to the extent that those costs are
    customary and usual for the area. In this case, no points will be reimbursed.
Any cost associated with the purchase of your new home which is not normally paid by the buyer, but
which you agree to pay for any reason, will not be reimbursed. Mortgage Broker Fees and/or Builder's
concessions paid on your behalf, and real estate commissions or administrative fees are not
reimbursable. This is an item assisted by the Non-Specific Expense Allowance (NEA).


IMPORTANT: It is extremely important that you review all closing costs with your Cartus Relocation Consultant
before you enter into any contract. Failure to do so may result in your being responsible for some costs not eligible
for reimbursement. You may find it helpful to provide your Relocation Consultant with a copy of your Good Faith
Estimate or contract for new home construction.

Refer to the Standard of Business Conduct and Conflict of Interest information at the beginning of this handbook.
Company standards address the selection of a real estate agent and all transactions associated with your relocation.


DIRECT BILLING FOR CLOSING COSTS
If you finance your new home through one of our preferred lenders (Bank of America, Citi Mortgage, Chase and Wells
Fargo Home Mortgage) your reimbursable closing costs will be direct billed to the company and paid on your behalf.
This payment is taxable. Tax assistance will be provided except for those items that are tax deductible, for example,
loan origination fee.

If you do not obtain a mortgage through one of the preferred lenders then with exception approval, you may
receive an advance for your closing costs. Please contact your Cartus Relocation Consultant for this exception and the
required documentation needed to obtain the advance. You will be required to submit a fully executed HUD1
statement within 30 days of your new home closing.


EQUITY LOAN
Employees who have established eligibility under the Company's Home Sale Assistance Program and need funds for
new home closing, may be eligible to receive an equity loan based upon documented need up to 95% of the available
equity based upon the Company’s Guaranteed Offer or Amended Sale (if not yet cashed out). The loan will be
based upon need as defined by a purchase contract, Good Faith Estimate of closing costs, etc. Clear
title and clear inspections, if applicable, must be established on your current property before equity can
be loaned. You must also sign and return the Equity Advance Repayment Agreement provided by your
Cartus Relocation Consultant.

If you do not have a Guaranteed Offer or Amended Sale, you may be eligible for up to an 80% equity advance.
Equity will be determined by Original Purchase Price less all outstanding encumbrances on the property, e.g.,
mortgage(s), liens, including proration of applicable homeowners association dues, interest and taxes. Declining
values in the departure location which may indicate loss on sale, negative equity, or other challenges will all be factors
in determining eligibility for an equity advance.

Repayment of the Equity Loan is deducted from the available equity upon acceptance of the Company’s Offer (either
Guaranteed Offer or Amended Sale). If you do not accept the Company’s Guaranteed Offer nor have an Amended
Sale, repayment is due no later than ninety (90) days from the date of the Equity Loan.


DUPLICATE HOUSING
If you begin incurring housing expenses at the new work location while actively marketing your residence at the old
location under the Company's Home Sale Assistance Program, you will be reimbursed for the following items on your
former residence for up to sixty (60) days:
                                                                                                              Page 29 of 39


                                                                                                      Experienced New Hires
                                                                                                       Revised June 2012




   Principle and interest on First and Second mortgage and Equity Loans secured at the time of purchase and
    documented on the HUD 1
   Property taxes
   Utilities (gas, electric, water, sewer, garbage fee if required by locality)
   Maintenance (lawn care, snow removal, pool)
   Homeowner’s insurance (homeowners, flood, private mortgage insurance)
   Homeowner’s Association Fees


Items not paid on a monthly basis (i.e. real estate taxes) will be pro-rated accordingly. CableTV, telephone, repairs
and improvements, landscaping, trash removal, maid and cleaning services are not reimbursable.

Cartus will arrange for this payment to be disbursed to you upon submission of a Cartus relocation expense form with
proper documentation attached. The period of time you are seeking reimbursement for duplicate housing expenses
must have occurred before Cartus can issue the reimbursement payment.


NOTE: Duplicate housing and interim living (Lump Sum or actual reimbursement) will not be
reimbursed for the same time period. If you receive the Lump Sum payment, Duplicate Housing will
begin no sooner than 30 days from your report date. If you elect actual reimbursement, Duplicate
Housing will begin no sooner than the 31st day of incurred housing expenses in the new location.

THIS PAYMENT IS CONSIDERED TO BE TAXABLE INCOME AND WILL BE REPORTED ON YOUR W-2 FORM AS INCOME. TAXES WILL BE
WITHHELD AT TIME OF PAYMENT. THIS PAYMENT IS NOT ELIGIBLE FOR TAX ASSISTANCE.




                                                                                                          Page 30 of 39


                                                                                                  Experienced New Hires
                                                                                                           Revised June 2012


                                         COST OF LIVING ALLOWANCE

A Cost of Living Allowance is provided to employees being relocated to areas considered to have a higher cost level
than the departure location. An independent consulting firm considers the following factors in the calculation: housing,
transportation, taxes and goods and services.         The designation is made based on objective costs, not personal
lifestyle. The designation is made based on objective costs, not personal lifestyle, as well as on the salary effective at
the old location, prior to the transfer effective date. Payments will not be considered normal compensation for benefit
plan purposes.


ELIGIBILITY FOR COST OF LIVING ALLOWANCE (COLA)
In determining eligibility for COLA, the last U.S. work location will be used as the departing location and will be
compared to the new U.S. destination location. If the new work location is in a higher cost area than the last U.S.
work location, the appropriate COLA will be paid per the policy. A Temporary Domestic Assignment (TDA) is not used
in determining eligibility for COLA. In the case of a divestment, the present value of the Cost of Living Allowance may
be paid out in a lump sum under certain circumstances. Please contact your ExxonMobil HR Advisor for specific
details.


CALCULATION:
If the new work location is higher, the calculation is based on the following factors:
   Old work location vs. new work location
   Number of eligible dependents recognized under the ExxonMobil Medical Plan and will be permanently residing
    with the employee at the new work location
   Home status (homeowner vs. renter at the new location within first 90 days)
   Salary
These components ensure that allowances are reasonable and adequate in relation to your specific needs.

Note: Salary maximum is $200,000. If your annual salary exceeds $200,000, then $200,000 is used to determine the
Cost of Living Allowance.

If you and your spouse are both accepting an assignment with ExxonMobil, the provision of the Dual Career Relocation
will apply. Only one COLA payment will be made to the primary transferee. Both of your salaries will be included in
the calculation, to a maximum combined salary of $200,000.


Example:
Primary transferee salary = $150,000
Dual career transferee salary = $100,000

Salary used in the calculation will be $200,000, which is the maximum salary used to determine the COLA.


Payment: The allowance will be processed upon written request from the transferee, via a Cartus relocation expense
report. An executed new home purchase contract or lease agreement must be included with the request. The Cost of
Living Allowance is based on destination status (renter or homeowner) within the first 90 days of the effective date of
transfer. One half will be paid upon request based on current salary. 1/4 will be paid at 12 months after the original
transfer effective date and the remaining quarter will be paid two years after transfer effective date.     Cartus will
validate housing status prior to disbursing remaining payments.

                                                                                                              Page 31 of 39


                                                                                                      Experienced New Hires
                                                                                                   Revised June 2012


This payment is considered to be taxable income and will be reported on your W-2 Form as income. Taxes will be
withheld at time of payment. This payment is not eligible for tax assistance.


RELOCATING AGAIN PRIOR TO COMPLETED PAYMENTS
If you are relocated again before the Cost of Living Allowance payments are completed, COLA will be recalculated
based on:
   If the costs of the new location are lower than either the current or previous location, the payments stop.
   If the costs of the new location are lower than the current location but higher than the previous
    location, the current COLA will cease and the new COLA will be based on the previous location to the new
    location and COLA installments restart.
   If the costs of the new location are higher than the current location, the current COLA will cease and the
    new COLA will be based on the current location to the new location and COLA installments restart.



WHEN PAYMENTS CEASE
Cost of Living Allowance Payments will cease if one of the following occurs:

   the costs of the new location are lower than the current or previous location
   your employment terminates due to resignation or discharge for cause
   employee elects to retire
   Cost of Living Allowance will be paid off in a lump sum upon death.




                                                                                                      Page 32 of 39


                                                                                              Experienced New Hires
                                                                                                         Revised June 2012


                              HOUSEHOLD GOODS/VEHICLE(S) SHIPMENT

ExxonMobil has contracted with Allied Van Lines to provide you with this service. A representative of Allied will
contact you to arrange for a pre-move survey. This representative will work with you in all subsequent scheduling of
packing, moving and delivery.

Be sure to let your Allied representative know if you have any antiques or other furniture of high value when you call
to initiate services. It is recommended that written appraisal of such items be obtained prior to shipment. The
expenses for appraisals are examples of items assisted by the Non-Specific Expense Allowance (NEA).

SHIPMENT — SERVICES PROVIDED:
   One household move from your departing home to your destination work location
   Packing, shipping and unpacking of ordinary household goods
   Disconnect and reconnect of usual household appliances
   Single recreational vehicle less than 14 feet


SHIPMENT — SERVICES NOT PROVIDED:
   Additional pick-ups and drop-offs which incur additional expense
   Shipment of goods to a location other than new work location city
   Storage of automobiles
   Shipment of non-working automobiles or antique cars
   Shipment of hazardous materials such as explosives, chemicals, flammable materials,           ammunition, garden
    chemicals
   Shipment of firewood, lumber or other building materials
   Shipment of livestock
   Shipment of valuables such as jewelry, currency, dissertations or publishable papers, and other collectibles or
    items of extraordinary value
   Shipment of plants, food, wine collections or other perishables
   Removal, disassembly or installation of carpeting, drapery rods, storage sheds or other permanent fixtures
   Shipment of snowmobile, boat or other recreational vehicle over fourteen (14) feet, multiple recreational vehicles
   Shipment of unusually heavy or cumbersome hobby materials
   Shipping, disassembling, re-assembling of large satellite dishes
   Disassembly of storage sheds, decks, pools and spas
   Maid service
This list is not all-inclusive. You should discuss any questions with your Allied representative.




                                                                                                            Page 33 of 39


                                                                                                    Experienced New Hires
                                                                                                       Revised June 2012


AUTOMOBILES
Vehicles in running condition used by family members for transport purposes can be either shipped or driven to the
new location. If you choose to drive the vehicles to your new location, mileage is included in your lump sum amount;
therefore is not reimbursed. If you choose to ship vehicles and you and your family fly to the new location, all
shipping expenses will be covered. All vehicles that are shipped are covered by the Company’s insurance as an item
of household goods at current NADA (bluebook) value.

PETS
ExxonMobil will reimburse you for reasonable and actual costs of shipping household pets to the new location by the
least expensive method available. The maximum amount of reimbursement for this benefit is up to $500, with
documented receipts. This includes the cost of crates. Other pet shipment related costs such as shots, quarantine,
health certificates and boarding are covered by the Non-Specific Expense Allowance.

STORAGE
If your new home is not available for delivery of your household goods, Company-provided storage will be covered for
up to thirty (30) days. Storage costs exceeding the thirty (30) day limit will be at your expense. Also included is a
one-time delivery of your household goods from Company-provided storage.

INSURANCE
Full replacement value insurance is provided for your personal property while in transit, authorized storage, or the
custody of third parties. The maximum liability provided is $500,000. Items that have not been prepared or packed
by Allied are excluded from this coverage.

Additional insurance is available at your expense. Consult your personal insurance policy representative for an
explanation of coverage for items in transit, as well as coverage for vacant property at the former and/or new
locations, if applicable.


DAMAGE CLAIMS
In the event of loss or damage discovered while unpacking your household goods, please notify your Allied
representative at once and note the damaged items on the mover’s inventory list. Claims of damage to household
goods and shipped vehicles, must be filed within a specific period of time. Contact your Allied Van Line
Representative to determine the timeframe for filing a claim. Damage to either your old or new home
must be reported within 24 hours. Keep all evidence of damage for the carrier’s inspector. Allied will arrange for
an inspection and appraisal of the damage, authorize repairs and settle all claims with you. If an item is damaged
beyond repair, Allied will make the appropriate payment and retain the item.

If you have questions about any aspect of your household goods shipment, please contact your Allied
Van Line Representative.

The shipment of household goods benefit will not be included as income per IRS guidelines, except for storage over
30 days and mileage over $.12/Mile.




                                                                                                          Page 34 of 39


                                                                                                  Experienced New Hires
                                                                                                        Revised June 2012


                                    SPOUSAL EMPLOYMENT ASSISTANCE

If your spouse is presently employed and will be seeking employment in the new location, the Company offers the
following assistance:
   Reimbursement of up to $ 2,500 of expenses associated with the employment search of a relocating employee’s
    working spouse.
While you are free to choose any service provider you wish, some familiar with the ExxonMobil policy are:

                       Name                                               Phone Numbers
                       Lee Hecht Harrison                                 877-247-3442
                       www.lhh.com
                       Sally White                                        (800) 224-7115
                       www.sallywhite.com                                 (214) 219-7115


Keep in mind that these are not employment agencies.

The Company will reimburse expenses up to the above-referenced limit for the following types of activities related to
the relocating employee's working spouse:
   Special visa/work permit applications
   Counseling services provided by above-mentioned employment assistance firms, such as:
    - Career mobility counseling
    - Resume development
    - Area business and employment information
    - Job leads and networking assistance
       Fees charged by employment agencies for referrals
   Interview travel or job search (e.g. transportation, mileage/tolls, lodging, meals, parking)
   Expenses associated with re-establishing a business for the self-employed spouse (e.g. business cards, business
    letterhead). Please note that expenses associated with purchasing assets for a business (e.g. computers,
    telephone equipment, etc.) are not reimbursable.
   Certification fees (e.g. nursing, teaching). Expenses associated with required maintenance of professional license
    or certifications (e.g. examination costs/re-certification fees)


Reimbursement will not be made for personal items such as clothing or business assets/services, e.g. personal
computer, cell phone, Internet services, etc.

Payment for these services is made by the employee and reimbursable with documented receipts.

This benefit is considered taxable income and will be tax assisted.




                                                                                                            Page 35 of 39


                                                                                                   Experienced New Hires
                                                                                                       Revised June 2012


                                         REIMBURSABLE EXPENSES
Departure home sale must be completed within twelve (12) months and Destination home purchase must be
completed within twelve (12) months of the effective date of transfer. All other reimbursement requests must be
submitted to the Relocation Company as soon as possible during the course of the relocation and in no event later
than twelve (12) months from the effective date of transfer.

Most reasonable and necessary expenses qualify for reimbursement. However, full reimbursement for
each relocation expense is not always intended.       Only items specifically outlined in the policy are
reimbursable and as with other ExxonMobil business travel, it is required to book all travel itineraries,
including rental car and airline travel, through ExxonMobil Travel Service (888-662-8785). Substitution
of expenses is not permitted. The Non-Specific Expense Allowance is meant to cover all items not
specifically itemized in the policy. Reimbursement will not be made for services performed by you or
members of your family. NO reimbursement will be made for the use of airline miles, points, or gift
cards.

Payments made to you in connection with your relocation are not components of your base salary. These payments
have no effect on your status under any benefit plan of the Company.

You must account for your expenses on a Relocation Expense Form. Expenses must have been incurred prior to
submitting for reimbursement. A copy of this form may be found on the ExxonMobilMe/Relocation Intranet site. In
cases where relocation expenses appear to be excessive, the Relocation Office may contact your immediate
supervisor.

Do not combine relocation and business expenses on any expense report. Each relocation event must be reported on
a separate expense report. NEA, Lump Sum, Duplicate Housing, and Dependent Care are separate events requiring
separate expense reports. Any expense requiring a receipt must be submitted with original receipts and expense
report.

Should your transfer not be completed for any reason, you are eligible to receive only your documented, actual
expenses. Please also see Relocation Expense Repayment Provisions at the beginning of this handbook. If you have
any questions regarding this policy, please contact your Relocation Consultant.

Should you terminate your employment from the Company within twenty four (24) months from your transfer date,
relocation expenses paid or reimbursed in the calendar year of your resignation and not repaid to the Company will
not be tax assisted. All relocation reimbursements will be reflected as income on your W-2 and no tax assistance will
be provided to offset the additional tax liability. Please also see Relocation Expense Repayment Provisions at the
beginning of this booklet.




                                                                                                          Page 35 of 39


                                                                                                  Experienced New Hires
                                                                                                         Revised June 2012




                                                TAX ASSISTANCE

All taxable moving expense reimbursements/payments are considered income to you and are subject to federal, state,
local, Social Security and Medicare taxes. The IRS considers all relocation expenses paid to you (or on your behalf) as
compensation, except those expenses associated with:

   The sale of your home through the Relocation Company
   The household goods shipment
   Storage of household goods for 30 days
   Final move expenses, excluding meals

ExxonMobil will provide assistance toward the additional tax liability, which you incur on moving expense
reimbursements/payments. The amount of tax assistance will be determined in accordance with parameters
established by ExxonMobil (outlined later in this section). It should be noted that, due to possible variations in your
personal situation, the tax assistance provided by ExxonMobil might not cover your actual tax liability resulting from
your relocation. Your Non-Specific Expense Allowance (NEA) is intended to help offset any additional tax liability not
covered by the tax assistance. It is important that you understand how the tax assistance works and how it
will be calculated and reported, so that you are not surprised at tax time.

       The loan origination fee associated with your new home mortgage is tax assisted for state and federal
        income tax on an interim basis. Since it is considered deductible on your state and federal returns, the
        year-end tax assistance program will deduct that interim tax assistance. It is, however, tax assisted for
        Medicare and, if applicable, Social Security taxes.
       All transit cost (transportation of household goods and automobiles) and final move costs (travel and
        lodging) are considered excludable from income and non-taxable. Final move costs will appear in
        Box 12b on your W-2 (a reporting requirement of the IRS); they are not included in your income in Box
        1 and have no effect on your tax liability. Household goods shipment costs do not appear in Box 1 or
        Box 12 on your W-2. Reimbursement for final move meals is considered taxable, is included
        in Box 1 income, and tax assistance is provided.




TAX ASSISTANCE CALCULATIONS AND PROCEDURES
Throughout the course of your relocation, you will be receiving moving expense payments (e.g., lump sums for House
Selection Trip and Interim Living as well as your Non-Specific Expense Allowance), and reimbursements for other
expenses incurred. At the time these payments are processed, federal tax assistance (at the IRS supplemental rate
of 25%); state tax assistance (based on state tax tables) for the state to which you are moving; local tax
assistance; Medicare tax assistance and Social Security tax assistance on earnings up to Social Security salary
maximum will be provided by ExxonMobil. These amounts will be added to the year-to-date earnings and withholding
on your next payroll statement.

At the end of the year, a final tax assistance calculation will be done using the parameters listed below. If any
additional tax assistance is due you, it will be added to your earnings/withholding
at year-end and paid to the appropriate taxing authorities on your behalf. If you have been given too much tax
assistance, an adjustment will be made to your earnings/withholding at year-end.




                                                                                                            Page 36 of 39


                                                                                                    Experienced New Hires
                                                                                                         Revised June 2012




FINAL TAX ASSISTANCE CALCULATION
The following factors are used in determining the final tax assistance due you:
        1. Your ExxonMobil source income which includes:
               Your base salary plus incentives, fringe benefits, etc. but excluding any 401k or before tax
                deductions, and
               Relocation reimbursements/payments made during the calendar tax year;

        2. Current federal, state, local, Medicare, and Social Security tax rates for computing taxes due;
        3. Actual personal exemptions you will claim on the Form 1040 (for you, your spouse and all eligible
           dependents);
        4. A standard deduction to be applied against base salary. This deduction is included to reflect the deduction
           you may typically take on your federal, state and local tax returns. The amount of the standard
           deductions used will be reviewed periodically by ExxonMobil and revised as appropriate.

        NOTE: ExxonMobil bases the tax assistance on ExxonMobil source income only.
        Other income (e.g., spouse’s, rental or investment income), when added to your ExxonMobil
        income, may put you in a higher tax bracket. This is NOT considered in the tax assistance
        calculation. Your Non-Specific Expense Allowance is intended to be used to offset the
        additional tax liability.

ABOUT SOCIAL SECURITY TAXES
You are responsible for the Social Security taxes on your annual compensation (without relocation expenses). Each
pay period, Social Security is deducted from your paycheck and added to your withholding. Once you reach the Social
Security salary maximum, this deduction ceases.

ABOUT STATE TAXES
Please refer to the Benefits/Payroll Checklist at the beginning of this document. IF YOU CHOSE TO LIVE IN A
STATE OTHER THAN YOUR STATE OF EMPLOYMENT, YOU MUST CONTACT YOUR CARTUS CONSULTANT
TO UPDATE YOUR EXPENSE REIMBURSEMENT FILE.                         CHANGING YOUR INFORMATION IN THE
EXXONMOBIL PAYROLL SYSTEM WILL NOT UPDATE THE TAX INFORMATION AT CARTUS.


IF YOU EARN THE SOCIAL SECURITY SALARY MAXIMUM OR MORE
If your compensation (without relocation) would normally meet or exceed the Social Security salary maximum, your
relocation would not result in any additional Social Security tax liability and no tax assistance would be due you for
Social Security. The reimbursement (plus the tax assistance) is added to your Social Security earnings.

You will meet the Social Security salary maximum earlier in the year than you would have without relocation, because
your relocation expenses are being added to your Social Security earnings along with your regular compensation.
Your net pay will increase and the Social Security deduction will stop once the Social Security salary maximum is met.




                                                                                                             Page 37 of 39


                                                                                                    Experienced New Hires
                                                                                                          Revised June 2012


IF YOU EARN LESS THAN THE SOCIAL SECURITY SALARY MAXIMUM
ExxonMobil will provide tax assistance for the additional Social Security tax liability incurred as a result of your
relocation.

MEDICARE
You are responsible for the Medicare taxes on your annual compensation (without relocation expenses). Each pay
period, Medicare is deducted from your paycheck and added to your withholding. Medicare taxes are also to be paid
on your relocation income and ExxonMobil will advance this tax on your behalf and add the amount to your
withholding.


YEAR END PROCESSING INFORMATION
Cartus will send you a Relocation Summary Package at year-end, which will detail all moving expense
reimbursements/payments. Tax assistance does not appear on this statement since it is the responsibility of
ExxonMobil. The information will be included in your Wage and Earnings Statement (Form W-2) for the year.

Note: It is imperative that you keep records and receipts of all your expenses to manage your tax
return filing process at year-end.

You are strongly encouraged to consult a professional tax advisor for details on the tax implications of your relocation.
Along with seeking the assistance of a professional tax advisor, consider reading the following IRS information guides:
       Publication 521 - Moving Expenses
       Publication 523 - Tax Information on Selling Your Home.

To order these guides or necessary tax forms call 1-800-TAX-FORM.
The Website address is www.irs.gov to view or copy the tax forms.




                                                                                                             Page 38 of 39


                                                                                                     Experienced New Hires
                                                                                                                                  Revised June 2012


                          COMPANY TAX ASSISTANCE ON RELOCATION EXPENSES (1)
                               For Relocations Greater Than 50 Miles
                                                FEDERAL INCOME TAX INFORMATION
                                EXPENSE CATEGORY                       Reportable on       Tax Assisted         Will Taxes Be
                                                                          Federal          By Company?          Withheld At
                                                                           W-2                                    Time Of
                                                                                                                 Payment?
                     1. Home Sale Assistance                                No                  No                    No
                        - Amended Value
                        - Guaranteed Offer
                     2. Qualified Residence Expenses
                        - lease cancellation                               Yes                  Yes                  No
                        - direct home sale
                        - new home purchase (excluding
                               origination fee)
                     3. Home Sale Incentive Payment                        Yes                  No                   Yes
                     4. Home Sale Loss                                     Yes                  Yes                  No
                     5. Home Selection Trip
                        - transportation, meals, lodging, etc.             Yes                  Yes                  No

                     6. Qualified Residence Expenses
                        - for 1% origination fee (2)                       Yes                  No                 No (2)

                                                      (3)
                     7. Duplicate Housing Expenses                         Yes                  No                   Yes

                     8. Expenses at Old Location:                          Yes                  Yes                  No
                        - meals, lodging, etc., incurred more than
                             24 hrs. after leaving old residence

                     9. Final move-
                         - travel (4) and lodging incurred to new           No                  No                   No
                               location include 24 hrs after
                               vacating old residence & first 24 hrs
                               at new location
                         - meals                                           Yes                  Yes                  No

                     10. Interim living expenses - incurred at new         Yes                  Yes                  No
                         location after 1st 24 hrs - up to 30 days
                         total under policy

                     11. Interim Living - over 30 days requires            Yes                  Yes                  No
                         advance approval
                     12. Shipment of Household Goods                        No                  No                   No
                         - includes temporary storage 30 days
                         - Additional storage- 30 days w/ approval         Yes                  Yes                  No

                     13. Non-Specific Expense Allowance (NEA)              Yes                  Yes                  No

                     14. Cost of Living Allowance (COLA)                   Yes                  No                   Yes
                     15. Spousal Employment Assistance                     Yes                  Yes                  No

                     16. Tax Assistance on Taxable Relocation              Yes                  Yes                   No
                         Expenses

(1) State and local taxes may also apply and will be assisted in accordance with prevailing local tax code.
(2) At time of payment no taxes will be withheld. At year-end a ‘true up” will be done. Loan origination fees are tax assisted for FICA and Medicare
    only, as they may be tax deductible.
(3) Duplicate housing is not tax assisted as the majority of the payment is for mortgage interest and taxes which may be tax deductible.
(4)   For mileage reimbursement, the first $.12 per mile is not taxable income. All mileage reimbursement over $.12 per mile is considered taxable
      income and will be tax assisted.



                                                                                                                                     Page 39 of 39


                                                                                                                            Experienced New Hires

				
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