Common use of Out-Placement Services Clause in Contracts

Out-Placement Services. If a Change in Control occurs and Executive exercises the option to resign from Employment (or is involuntarily terminated) as described in Section 2, Employer shall provide Executive with the services of a professional out-placement firm, if Executive so requests, for the period not to exceed one year from the date of Executive’s resignation (or termination), at Employer’s sole cost and expense, up to a maximum amount of Seven Thousand Five Hundred Dollars ($7,500).

Appears in 7 contracts

Samples: Executive Agreement (National Penn Bancshares Inc), Executive Agreement (National Penn Bancshares Inc), Executive Agreement (National Penn Bancshares Inc)

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Out-Placement Services. If a Change in Control occurs and Executive exercises the option to resign from Employment (or is involuntarily terminated) as described in Section 2, Employer shall provide Executive with the services of a professional out-placement firm, if Executive so requests, for the period not to exceed one year from the date of Executive’s 's resignation (or termination), at Employer’s 's sole cost and expense, up to a maximum amount of Seven Thousand Five Hundred Dollars ($7,500).

Appears in 2 contracts

Samples: Exhibit 99 (National Penn Bancshares Inc), Executive Agreement (National Penn Bancshares Inc)

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Out-Placement Services. If a Change in Control occurs and Executive exercises the exercisesthe option to resign from Employment (or is involuntarily terminated) as described in Section inSection 2, Employer shall provide Executive with the services of a professional out-placement firm, if Executive so requests, for the period not to exceed one year from the date of Executive’s resignation (or termination), at Employer’s sole cost and expense, up to a maximum amount of Seven Thousand Five Hundred Dollars ($7,500).

Appears in 1 contract

Samples: Executive Agreement (National Penn Bancshares Inc)

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