Common use of Executive Outplacement Clause in Contracts

Executive Outplacement. Executive will be provided with executive outplacement assistance through a provider of his choice, at a cost not to exceed Twenty Thousand Dollars ($20,000). No cash payment in lieu of outplacement services will be provided in the event Executive declines such services. All services must be completed by the end of the second calendar year following the Termination Date and reimbursement must be provided no later than the third calendar year following that date.

Executive Outplacement. Executive will be provided with executive outplacement assistance through a provider of his choice, at a cost not to exceed Twenty Thousand Dollars ($20,000). No cash payment in lieu of outplacement services will be provided in the event Executive declines such services. All services must be completed by the end of the second calendar year following the Termination Date and reimbursement must be provided no later than the third calendar year following that date.