Common use of Impact of Termination of Employment Clause in Contracts

Impact of Termination of Employment. Upon the Executive’s termination of employment pursuant to Section 4(e) of the Employment Agreement, in addition to the payments described in Section 4(e) of the Employment Agreement, the Company shall provide the Executive with Company-paid customary and market outplacement services for a period of twelve (12) months or until the Executive obtains substantially comparable employment, whichever is shorter.

Appears in 2 contracts

Samples: Transaction Bonus and Noncompetition Agreement (KLX Inc.), Transaction Bonus and Noncompetition Agreement (KLX Inc.)

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Impact of Termination of Employment. Upon the Executive’s termination of employment pursuant to Section 4(e4(f) of the Employment Agreement, in addition to the payments described in Section 4(e4(f) of the Employment Agreement, the Company shall provide the Executive with Company-paid customary and market outplacement services for a period of twelve (12) months or until the Executive obtains substantially comparable employment, whichever is shorter.

Appears in 1 contract

Samples: Transaction Bonus and Noncompetition Agreement (KLX Inc.)

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Impact of Termination of Employment. Upon the Executive’s termination of employment pursuant to Section 4(e) 6.4.2 of the Employment Agreement, in addition to the payments described in Section 4(e) 6.4.2 of the Employment Agreement, the Company shall provide the Executive with Company-paid customary and market outplacement services for a period of twelve (12) months or until the Executive obtains substantially comparable employment, whichever is shorter.

Appears in 1 contract

Samples: Transaction Bonus and Noncompetition Agreement (KLX Inc.)

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