Common use of Out Placement Clause in Contracts

Out Placement. If the Executive is terminated without Cause or resigns for Good Reason (both as defined herein), then the Company shall provide the Executive with outplacement services through Xxxxxxxx Associates, Inc. (or a comparable executive search firm) or in the alternative, reimburse the Executive within fifteen (15) days of the Date of Termination with executive outplacement services with an outplacement firm selected by the Executive in his sole discretion in an amount typically provided by Company to other similarly situated executive officers upon an involuntary termination.

Out Placement. If the Executive is terminated without Cause or resigns for Good Reason (both as defined herein), then the Company shall provide the Executive with outplacement services through Xxxxxxxx Associates, Inc. (or a comparable executive search firmfirm of the Executive’s choice and within his sole discretion) or in the alternative, reimburse the Executive within fifteen (15) days of the Date of Termination with for executive outplacement services with an outplacement firm selected by the Executive in his sole discretion cash in an amount typically provided by Company to other similarly situated executive officers upon an involuntary termination.