Common use of Severance Amounts Clause in Contracts

Severance Amounts. At the conclusion of the Offer Period, ▇▇▇▇▇ shall provide a list of all Available Employees to whom ▇▇▇▇▇ submitted an offer. For each ▇▇▇▇▇ Employee (i) who is not made an offer of employment that would avoid a Qualifying Termination for such employee (as such term is defined in LINN’s Severance Plan, attached hereto as Schedule 7) and (ii) whose employment is terminated by LINN on or prior to the end of the Term, ▇▇▇▇▇ will be charged 100 percent of any severance fees and obligations associated with such termination. For each ▇▇▇▇▇-▇▇▇▇ Employee (x) who is not made an offer of employment that would avoid a Qualifying Termination for such employee and (y) whose employment is terminated by LINN on or prior to the end of the Term, ▇▇▇▇▇ will be charged 30 percent of any severance fees and obligations associated with such termination (the aggregate amount payable by ▇▇▇▇▇ under this Section 4.3 is referred to herein as “▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Fees”). LINN shall retain responsibility for (A) 70 percent of any severance fees and obligations associated with the termination on or prior to the end of the Term of any ▇▇▇▇▇-▇▇▇▇ Employee, and (B) 100 percent of any severance fees and obligations associated with the termination of any LINN employee who is not an Available Employee or whose employment is not terminated on or before the end of the Term (even if such employee provides Services under this Agreement).