Relocation Payments. We hereby memorialize our prior agreement to pay you the unpaid balance of a relocation bonus of $450,000 in support of your relocation from Stamford, Connecticut to Dallas, Texas in 2002, which relocation bonus was originally payable in 36 monthly payments of $12,500 per month in the first pay cycle of each month and which monthly payments commenced on September 3, 2002. Except as otherwise provided in Sections 4(a), 4(b)(iv), 4(c)(v), 5(a), 5(b)(iv) and 5(c)(v), our obligation to make these monthly payments to you, or a lump sum payment to you in satisfaction thereof, will cease at such time as you are no longer employed by us for any reason. Such monthly relocation bonus payments are referred to herein as the "Relocation Payments."
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Relocation Payments. We hereby memorialize our prior agreement to pay you the unpaid balance of a relocation bonus of $450,000 in support of your relocation from Stamford, Connecticut to Dallas, Texas in 2002, which relocation bonus was originally payable in 36 monthly payments of $12,500 per month in the first pay cycle of each month and which monthly payments commenced on September 3, 2002. Except as otherwise provided in Sections 4(a), 4(b)(iv), 4(c)(v), 5(a), 5(b)(iv) and 5(c)(v), our obligation to make these monthly payments to you, or a lump sum payment to you in satisfaction thereof, will cease at such time as you are no longer employed by us for any reason. Such monthly relocation bonus payments are referred to herein as the "βRelocation Payments."β
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