Common use of Outplacement Program Clause in Contracts

Outplacement Program. Upon the occurrence of an event of termination under Section 7(a) for Good Reason only or under Section 7(b), Employee will be entitled to participate in a nine (9)-month executive outplacement program provided by an executive outplacement service selected by XOMA, at XOMA’s expense not to exceed $15,000 and paid directly to the outplacement service (the “Outplacement Services”). The Outplacement Services will commence after the Effective Date of the Release Agreement (as defined therein).

Outplacement Program. Upon the occurrence of an event of termination under Section 7(a) for Good Reason only or under Section 7(b)) without Cause, Employee will be entitled to participate in a nine twelve (9)-month 12)-month executive outplacement program provided by an executive coaching or outplacement service selected by XOMAservice, at XOMA’s expense not to exceed $15,000 and paid directly to the coach or outplacement service (the “Outplacement Services”). The Outplacement Services will commence after the Effective Date of the Release Agreement (as defined therein).. ​ ​

Outplacement Program. Upon the occurrence of an event of termination under Section 7(a) for Good Reason only or under Section 7(b), Employee will be entitled to participate in a nine twelve (9)-month 12)-month executive outplacement program provided by an executive outplacement service selected by XOMA, at XOMA’s expense not to exceed $15,000 and paid directly to the outplacement service (the “Outplacement Services”). The Outplacement Services will commence after the Effective Date of the Release Agreement (as defined therein).

Outplacement Program. Upon the occurrence of an event of termination under Section 7(a) for Good Reason only or under Section 7(b)) without Cause, Employee will be entitled to participate in a nine twelve (9)-month 12)-month executive outplacement program provided by an executive coaching or outplacement service selected by XOMAservice, at XOMA’s expense not to exceed $15,000 and paid directly to the coach or outplacement service (the “Outplacement Services”). The Outplacement Services will commence after the Effective Date of the Release Agreement (as defined therein).