Outplacement and Financial Planning Clause Samples
The Outplacement and Financial Planning clause provides support services to employees who are leaving an organization, typically as part of a severance or separation agreement. This clause ensures that departing employees have access to resources such as career counseling, job search assistance, and financial planning advice, which may be delivered through third-party providers or internal programs. Its core function is to facilitate a smoother transition for employees exiting the company, helping them secure new employment and manage their finances, thereby reducing the negative impact of job loss and supporting goodwill between the employer and former employees.
Outplacement and Financial Planning. The Company shall, at its sole expense as incurred, provide the Executive with outplacement services, the scope and provider of which shall be selected by the Executive in his sole discretion (but at a cost to the Company of not more than $30,000) or, at the Executive's option, the use of office space, office supplies and equipment and secretarial services for a period not to exceed one year. The Company shall also continue to provide the Executive with financial planning counseling benefits through the third anniversary of the date of the Executive's termination of employment, on the same terms and conditions as were in effect immediately before the termination or, if more favorable, on the Effective Date.
Outplacement and Financial Planning. The Company shall, at its sole expense as incurred, provide the Executive with reasonable outplacement services, the scope and provider of which shall be 8 selected by the Executive in his sole discretion (but at a cost to the Company of not more than $30,000) for a period of one year. The Company shall also continue to provide the Executive with financial planning counseling benefits through the second anniversary of the date of the Executive's Termination of Employment, on the same terms and conditions as were in effect immediately before the termination. The Executive shall be eligible to seek reimbursement for such benefits up to a fixed dollar amount that is at least equal to the amount in effect for the year before the Executive's Termination of Employment, unless the Company decides a higher amount. Any unused amounts remaining in one year may not be carried over for use in another year. To the extent the Company reimburses the Executive for financial planning expenses incurred pursuant to this paragraph (j), such reimbursement shall occur on or before the last day of the calendar year following the year in which the expense was incurred.
Outplacement and Financial Planning. The Company shall, at its sole expense as incurred, provide the Executive with reasonable outplacement services, the scope and provider of which shall be selected by the Executive in her sole discretion (but at a cost to the Company of not more than $30,000) for a period of one year. The Company shall also continue to provide the Executive with financial planning counseling benefits through the second anniversary of the date of the Executive's Termination of Employment, on the same terms and conditions as were in effect immediately before the termination or, if more favorable, on the Effective Date. The Executive shall be eligible to seek reimbursement for such benefits up to a fixed dollar amount that is at least equal to the amount in effect for the year before the Executive's Termination of Employment, unless the Company decides a higher amount. Any unused amounts remaining in one year may not be carried over for use in another year. To the extent the Company reimburses the Executive for financial planning expenses incurred pursuant to this paragraph (i), such reimbursement shall occur on or before the last day of the calendar year following the year in which the expense was incurred.