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Clear Channel Outdoor Holdings (CCO)
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CCO » Topics » RELOCATION AGREEMENT

This excerpt taken from the CCO 8-K filed Jan 5, 2010.

RELOCATION AGREEMENT

The provisions of the Clear Channel Relocation Policy and Enhanced Relocation Policy will cover all or a portion of your relocation costs. Because this represents a significant investment, if you voluntarily leave or are terminated for cause from Clear Channel prior to completing one (1) year of service from the effective start date of your position at the new location, you will be required to reimburse the Company a pro rata share of the relocation costs as indicated below:

 

Days after start date in

new position

   

% of total relocation costs

owed to Clear Channel

90 or less    100%
91 - 180    75%
181 - 270    50%
271 - 365    25%

 

            Initials:      
            Company:                                   
            Employee:                                   

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