Common use of Outplacement and Financial Planning Clause in Contracts

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.

Appears in 12 contracts

Samples: Senior Officer Employment, Change in Control, Severance and Non Compete Agreement (Wisconsin Energy Corp), Senior Officer Employment, Change in Control, Severance and Non Compete Agreement (Wisconsin Electric Power Co), Senior Officer Employment Agreement (Wisconsin Energy Corp)

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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 her 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 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.

Appears in 2 contracts

Samples: Senior Officer, Change in Control, Severance and Non Compete Agreement (Wisconsin Energy Corp), Senior Officer Change in Control Severance and Non Compete Agreement (Wisconsin Energy Corp)

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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 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.

Appears in 1 contract

Samples: Senior Officer Employment and Non Compete Agreement (Wisconsin Energy Corp)

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