Common use of Outplacement Services Clause in Contracts

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing up to an aggregate of $20,000 with such services to extend until the earlier of (i) 12 months following the termination of Executive’s employment or (ii) the date the Executive secures full time employment.

Appears in 3 contracts

Sources: Executive Retention Agreement, Executive Retention Agreement (Kadant Inc), Executive Retention Agreement (Kadant Inc)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s 's choosing up to an aggregate of $20,000 amount to be negotiated by the Executive and the Company, with such services to extend until the earlier of (i) 12 months following the termination of Executive’s 's employment or (ii) the date the Executive secures full time employment.

Appears in 3 contracts

Sources: Executive Retention Agreement (Polymedica Corp), Executive Retention Agreement (Polymedica Corp), Executive Retention Agreement (Polymedica Corp)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Deathdeath), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing up to an aggregate of $20,000 20,000, with such services to extend until the earlier of (i) 12 months following the termination of the Executive’s employment or (ii) the date the Executive secures full time employment.

Appears in 2 contracts

Sources: Executive Severance Agreement (Thermo Fisher Scientific Inc.), Executive Severance Agreement (Thermo Fisher Scientific Inc.)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 18 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s 's choosing up to an aggregate of $20,000 15,000, with such services to extend until the earlier of (i) 12 months following the termination of Executive’s 's employment or (ii) the date the Executive secures full time employment.

Appears in 2 contracts

Sources: Executive Retention Agreement (Thermo Terratech Inc), Employment Agreement (Thermo Electron Corp)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing up to an aggregate of $20,000 25,000 with such services to extend until the earlier of (i) 12 months following the termination of Executive’s employment or (ii) the date the Executive secures full time employment.

Appears in 2 contracts

Sources: Executive Retention Agreement (Kadant Inc), Executive Retention Agreement (Kadant Inc)

Outplacement Services. In the event of the termination of the Executive's employment after a Change in Control or without Cause or for Good Reason at any time as provided for in Sections 3 or 5 hereof, the Company agrees, at its sole cost and expense, to provide the Executive is terminated by the Company with outplacement services for a period of at least twelve (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 12) months following the Change in Control DateDate of Termination. The Company and the Executive shall use their good faith efforts to locate a provider providing outplacement services, which provider is reasonably acceptable to both parties taking into account the Company shall provide outplacement services through one or more outside firms status of the Executive’s choosing up to an aggregate of $20,000 with such services to extend until the earlier of (i) 12 months following the termination of Executive’s employment or (ii) the date the Executive secures full time employmentas a senior executive officer.

Appears in 2 contracts

Sources: Change in Control and Severance Agreement (Terex Corp), Change in Control and Severance Agreement (Terex Corp)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Deathdeath), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s 's choosing up to an aggregate of $20,000 20,000, with such services to extend until the earlier of (i) 12 months following the termination of the Executive’s 's employment or (ii) the date the Executive secures full time employment.

Appears in 2 contracts

Sources: Executive Severance Agreement (Valeant Pharmaceuticals International), Executive Severance Agreement (Valeant Pharmaceuticals International)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing up to an aggregate of $20,000 amount to be negotiated by the Executive and the Company, with such services to extend until the earlier of (i) 12 months following the termination of Executive’s employment or (ii) the date the Executive secures full time employment.

Appears in 2 contracts

Sources: Executive Retention Agreement (Polymedica Corp), Executive Retention Agreement (Polymedica Corp)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 36 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s 's choosing up to an aggregate of $20,000 40,000, with such services to extend until the earlier of (iI) 12 months following the termination of Executive’s 's employment or (ii) the date the Executive secures full time employment.

Appears in 2 contracts

Sources: Executive Retention Agreement (Saucony Inc), Executive Retention Agreement (Saucony Inc)

Outplacement Services. In the event of the Executive is terminated by termination of the Company (other than for CauseExecutive’s employment in connection with, Disability or Death)in anticipation of, or the Executive terminates employment for Good Reason, within 24 six months following the after a Change in Control DateControl, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing up to an aggregate amount equal to 15 percent of $20,000 the Executive’s annual base salary, with such services to extend until the earlier of (i) 12 months following the termination of Executive’s employment or (ii) the date the Executive secures full time employment.

Appears in 2 contracts

Sources: Executive Retention Agreement (Sepracor Inc /De/), Executive Retention Agreement (Sepracor Inc /De/)

Outplacement Services. In the event the Executive is terminated by If the Company (other than for Cause, Disability or Death), terminates the Executive’s employment without Cause or the Executive terminates his employment for Good Reason, within 24 then the Executive shall be entitled to the services of an outplacement firm for a period of six (6) months following the Change in Control Datesuch termination, the Company which outplacement firm shall provide outplacement services through one or more outside firms of the Executive’s choosing up to an aggregate of $20,000 with such services to extend until the earlier of (i) 12 months following the termination of Executive’s employment or (ii) the date be selected by the Executive secures full time employmentand the reasonable fees and expenses for which shall be paid by the Company.

Appears in 2 contracts

Sources: Employment Agreement (Varsity Brands Inc), Employment Agreement (Varsity Brands Inc)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing up to an aggregate of $20,000 25,000, with such services to extend until the earlier first to occur of (i) 12 24 months following the termination of Executive’s employment or employment, (ii) the date the Executive secures full time employmentemployment or (iii) the date the Executive becomes engaged in a Competitive Activity.

Appears in 2 contracts

Sources: Executive Retention Agreement (Iomega Corp), Executive Retention Agreement (Iomega Corp)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Deathdeath), or the Executive terminates employment for Good Reason, within 24 18 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s 's choosing up to an aggregate of $20,000 20,000, with such services to extend until the earlier of (i) 12 months following the termination of the Executive’s 's employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Executive Change in Control Retention Agreement (Thermo Electron Corp)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing up to an aggregate of $20,000 25,000, with such services to extend until the earlier of (i) 12 months following the termination of Executive’s employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Executive Retention Agreement (Storagenetworks Inc)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 18 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s 's choosing up to an aggregate of $20,000 [15,000/20,000/25,000], with such services to extend until the earlier of (i) 12 months following the termination of Executive’s 's employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Executive Retention Agreement (Thermo Electron Corp)

Outplacement Services. In the event of the Executive is terminated by termination of the Company (other than for CauseExecutive's employment in connection with, Disability or Death)in anticipation of, or the Executive terminates employment for Good Reason, within 24 six months following the after a Change in Control DateControl, the Company shall provide outplacement services through one or more outside firms of the Executive’s 's choosing up to an aggregate amount equal to 15 percent of $20,000 the Executive's annual base salary, with such services to extend until the earlier of (i) 12 months following the termination of Executive’s 's employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Executive Retention Agreement (Sepracor Inc /De/)

Outplacement Services. In the event If the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing up to an aggregate of $20,000 with such services to extend until the earlier of (i) 12 months following the termination of Executive’s employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Executive Retention Agreement (Kadant Inc)

Outplacement Services. In the event of the termination of the Executive's employment after a Change in Control or without Good Reason as provided for in Sections 3 or 5 hereof, the Company agrees, at its sole cost and expense, to provide the Executive is terminated by the Company with outplacement services for a period of at least twelve (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 12) months following the Change in Control DateDate of Termination. The Company and the Executive shall use their good faith efforts to locate a provider, and determine the Company shall provide scope of, outplacement services through one or more outside firms which is reasonably acceptable to both parties taking into account the status of the Executive’s choosing up to an aggregate of $20,000 with such services to extend until the earlier of (i) 12 months following the termination of Executive’s employment or (ii) the date the Executive secures full time employmentas a senior executive officer.

Appears in 1 contract

Sources: Change in Control and Severance Agreement (Terex Corp)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Deathdeath), or the Executive terminates employment for Good Reason, within 24 18 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing up to an aggregate of $20,000 20,000, with such services to extend until the earlier of (i) 12 months following the 2/27/18 Officer Form Page 11 of 13 termination of the Executive’s employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Executive Change in Control Retention Agreement (Thermo Fisher Scientific Inc.)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 18 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s 's choosing up to an aggregate of $20,000 20,000, with such services to extend until the earlier of (i) 12 months following the termination of Executive’s 's employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Executive Retention Agreement (Viasys Healthcare Inc)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing up to an aggregate of $20,000 25,000, with such services to extend until the earlier first to occur of (i) 12 months following the termination of Executive’s employment or employment, (ii) the date the Executive secures full time employmentemployment or (iii) the date the Executive becomes engaged in a Competitive Activity.

Appears in 1 contract

Sources: Executive Retention Agreement (Iomega Corp)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 18 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s 's choosing up to an aggregate of [$20,000 15,000], with such services to extend until the earlier of (i) 12 months following the termination of Executive’s 's employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Executive Retention Agreement (Viasys Healthcare Inc)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Deathdeath), or the Executive terminates employment for Good Reason, within 24 12 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing up to an aggregate of $20,000 10,000, with such services to extend until the earlier of (i) 12 months following the termination of Executive’s employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Executive Retention Agreement (Starent Networks, Corp.)

Outplacement Services. In the event the Executive is terminated by the Company or the Board of Directors on behalf of (other than for Cause, Disability or Deathdeath), or the Executive terminates employment for Good Reasonbecause of an Involuntary Termination, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing up to an aggregate of $20,000 25,000, with such services to extend until the earlier of (i) 12 months following the termination of Executive’s employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Executive Retention Agreement (Candela Corp /De/)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s 's choosing up to an aggregate of $20,000 25,000, with such services to extend until the earlier of (i) 12 months following the termination of Executive’s 's employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Executive Retention Agreement (Storagenetworks Inc)

Outplacement Services. In the event of the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms termination of the Executive’s choosing up employment after a Change in Control, Without Cause or for Good Reason as provided for in Sections 4 or 6 hereof, the Company agrees, at its sole cost and expense, to an aggregate provide the Executive with outplacement services for a period of $20,000 with such services to extend until the earlier of at least twelve (i12) 12 months following the termination Date of Executive’s employment or (ii) the date Termination. The Company and the Executive secures full time employmentshall use their good faith efforts to locate a provider, and determine the scope of, outplacement services which is reasonably acceptable to both parties taking into account the status of the Executive as a senior executive officer.

Appears in 1 contract

Sources: Change in Control and Severance Agreement (Terex Corp)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 18 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s 's choosing up to an aggregate of $20,000 [25,000, 20,000, 15,000] with such services to extend until the earlier of (i) 12 months following the termination of Executive’s 's employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Executive Retention Agreement (Kadant Inc)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing up to an aggregate of $20,000 25,000, with such services to extend until the earlier of (i) 12 months following the termination of Executive’s employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Executive Retention Agreement (Storagenetworks Inc)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 12 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing up to an aggregate of $20,000 Company's choosing, with such services to extend until the earlier of (i) 12 months following the termination of Executive’s 's employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Change in Control Agreement (Art Technology Group Inc)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing up to an aggregate of $20,000 5,000, with such services to extend until the earlier of (i) 12 months following the termination of Executive’s employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Executive Retention Agreement (Idx Systems Corp)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, --------------------- Disability or Death), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s 's choosing up to an aggregate of $20,000 25,000, with such services to extend until the earlier first to occur of (i) 12 months following the termination of Executive’s employment or 's employment, (ii) the date the Executive secures full time employmentemployment or (iii) the date the Executive becomes engaged in a Competitive Activity.

Appears in 1 contract

Sources: Executive Retention Agreement (Iomega Corp)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 18 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing up to an aggregate of $20,000 25,000, with such services to extend until the earlier of (i) 12 months following the termination of Executive’s employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Employment Agreement (Thermo Fisher Scientific Inc.)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Deathdeath), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s 's choosing up to an aggregate of $20,000 20,000, with such services to extend until the earlier of (i) 12 months following the termination of the Executive’s 's employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Executive Severance Agreement (Thermo Electron Corp)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s 's choosing up to an aggregate of $20,000 25,000, with such services to extend until the earlier first to occur of (i) 12 months following the termination of Executive’s employment 's employment, or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Executive Retention Agreement (Myriad Genetics Inc)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 36 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s 's choosing up to an aggregate of $20,000 12,000, with such services to extend until the earlier of (i) 12 months following the termination of Executive’s 's employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Senior Executive Retention Agreement (Kronos Inc)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s 's choosing up to an aggregate amount equal to 15 percent of $20,000 the Executive's annual base salary, with such services to extend until the earlier of (i) 12 months following the termination of Executive’s 's employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Executive Retention Agreement (Sepracor Inc /De/)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 36 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing up to an aggregate of $20,000 12,000, with such services to extend until the earlier of (i) 12 months following the termination of Executive’s employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Senior Executive Retention Agreement (Kronos Inc)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Death), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing up to an aggregate of $20,000 8,000, with such services to extend until the earlier of (i) 12 months following the termination of Executive’s employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Executive Retention Agreement (Idx Systems Corp)

Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause, Disability or Deathdeath), or the Executive terminates employment for Good Reason, within 24 12 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing and reasonably acceptable to the Company up to an aggregate of $20,000 45,000, with such services to extend until the earlier of (i) 12 months following the termination of Executive’s employment or (ii) the date the Executive secures full time employment.

Appears in 1 contract

Sources: Executive Retention Agreement (Aspen Technology Inc /De/)