Common use of Outplacement Clause in Contracts

Outplacement. State Auto shall pay all fees for outplacement services incurred by Executive up to a maximum equal to fifteen percent (15%) of Executive’s Annual Base Salary, plus provide a travel expense account of up to $5,000 to reimburse job search travel. Such expenses and reimbursements shall be limited to those expenses incurred within the two (2) calendar years following the calendar year of Executive’s separation from service. Such expenses shall be paid no later than December 31st of the calendar year following the applicable calendar year in which such reimbursable expense was incurred.

Appears in 6 contracts

Samples: Executive Change of Control Agreement (State Auto Financial CORP), Executive Change of Control Agreement (State Auto Financial CORP), Executive Change of Control Agreement (State Auto Financial CORP)

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Outplacement. State Auto shall pay all fees for outplacement services incurred by Executive up to a maximum equal to fifteen percent (15%) % of Executive’s Annual Base Salary, plus provide a travel expense account of up to $5,000 to reimburse job search travel. Such expenses and reimbursements shall be limited to those expenses incurred within the two (2) calendar years following the calendar year of Executive’s separation from service. Such expenses shall be service and paid no later than December 31st of the third calendar year following the applicable calendar year in which such reimbursable expense was incurredof Executive’s separation from service.

Appears in 4 contracts

Samples: Executive Change of Control Agreement (State Auto Financial CORP), Executive Change of Control Agreement (State Auto Financial CORP), Executive Change of Control Agreement (State Auto Financial CORP)

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Outplacement. State Auto shall pay all fees for outplacement services incurred by Executive up to a maximum equal to fifteen percent (15%) of Executive’s Annual Base Salary$35,000, plus provide a travel expense account of up to $5,000 to reimburse job search travel. Such expenses and reimbursements shall be limited to those expenses incurred within the two (2) calendar years following the calendar year of Executive’s separation from service. Such expenses shall be paid no later than December 31st of the calendar year following the applicable calendar year in which such reimbursable expense was incurred.

Appears in 2 contracts

Samples: Executive Change of Control Agreement (State Auto Financial CORP), Executive Change of Control Agreement (State Auto Financial CORP)

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