Perquisite Allowance. In addition to regular salary, the Corporation will pay a perquisite allowance of $12,000 per year. These funds are to be used at the discretion of the employee. OUTPLACEMENT COUNSELING If severance is payable under section 2.6(c) of the Employment Agreement, the Corporation shall provide outplacement counseling services to a maximum value of $20,000 or cash, in lieu thereof, of $20,000.
Appears in 4 contracts
Samples: Amending Agreement (Gulf Canada Resources LTD), Amending Agreement (Gulf Canada Resources LTD), Amending Agreement (Gulf Canada Resources LTD)
Perquisite Allowance. In addition to regular salary, the Corporation will pay a perquisite allowance of $12,000 15,000 per year. These funds are to be used at the discretion of the employee. OUTPLACEMENT COUNSELING If severance is payable under section 2.6(c) of the Employment Agreement, the Corporation shall provide outplacement counseling services to a maximum value of $20,000 or cash, in lieu thereof, of $20,000.
Appears in 2 contracts
Samples: Amending Agreement (Gulf Canada Resources LTD), Amending Agreement (Gulf Canada Resources LTD)
