Severance Payment Costs definition
Severance Payment Costs shall have the meaning set forth in Section 6.12(a).
Severance Payment Costs means the sum of the individual severance payments made to any of those thirty-eight (38) current employees of CrossCountry Energy Services, LLC who 1) are deemed to be primarily providing services to the Transfer Group Companies or the Northern Border Companies, as described in the following sentence, and 2) are entitled to benefits under the CrossCountry Energy Services, LLC Severance Pay Plan as a result of involuntary termination of employment within twelve (12) months after the Closing Date, calculated with respect to each such individual using his or her actual years of service and his or her actual base pay; provided, however, that in no event shall Purchaser be obligated for Severance Payment Costs for any employees who are offered employment by the Transfer Group Companies, and not entitled to severance benefits under the CrossCountry Energy Services, LLC Severance Pay Plan. Purchaser and Seller shall negotiate in good faith to determine which thirty-eight (38) employees shall be deemed to be primarily providing services to the Transfer Group Companies or the Northern Border Companies.