Common use of Outplacement Benefits Clause in Contracts

Outplacement Benefits. Throughout the term of the Severance Payout --------------------- Period or Change in Control Payout Period, as applicable, Executive shall be entitled to receive outplacement services, payable by the Company, with an aggregate cost not to exceed 15% of Executive's Termination Base Salary, with an executive outplacement service firm reasonably acceptable to the Company and Executive.

Appears in 4 contracts

Samples: Executive Agreement (Varco International Inc), Executive Agreement (Varco International Inc), Executive Agreement (Varco International Inc)

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Outplacement Benefits. Throughout the term of the Severance Payout --------------------- ---------------------- Period or Change in Control Payout Period, as applicable, Executive shall be entitled to receive outplacement services, payable by the CompanyTuboscope, with an aggregate cost not to exceed 15% of Executive's Termination Base Salary, with an executive outplacement service firm reasonably acceptable to the Company Tuboscope and Executive.

Appears in 2 contracts

Samples: Executive Agreement (Tuboscope Inc /De/), Executive Agreement (Tuboscope Inc /De/)

Outplacement Benefits. Throughout the term of the Severance Payout --------------------- Period or Change in of Control Payout Period, as applicable, Executive shall be entitled to receive outplacement services, payable by the CompanyVarco, with an aggregate cost not to exceed 15% of Executive's ’s Termination Base Salary, with an executive outplacement service firm reasonably acceptable to the Company Varco and Executive.

Appears in 1 contract

Samples: Amended and Restated Executive Agreement (Varco International Inc /De/)

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Outplacement Benefits. Throughout the term of the Severance Payout --------------------- Period or Change in Control Payout Period, as applicable, Executive shall be entitled to receive outplacement services, payable by the CompanyTuboscope, with an aggregate cost not to exceed 15% of Executive's Termination Base Salary, with an executive outplacement service firm reasonably acceptable to the Company Tuboscope and Executive.

Appears in 1 contract

Samples: Executive Agreement (Tuboscope Inc /De/)

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