Common use of Outplacement and Support Clause in Contracts

Outplacement and Support. If BNC terminates the Executive’s employment without Cause or if the Executive terminates employment with Good Reason, BNC shall pay or cause to be paid to the Executive reasonable outplacement expenses in an amount up to $25,000, and for one year after termination BNC shall provide the Executive with the use of office space and reasonable office support facilities, including secretarial assistance.

Appears in 3 contracts

Samples: Employment Agreement (BNC Bancorp), Employment Agreement (BNC Bancorp), Employment Agreement (BNC Bancorp)

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Outplacement and Support. If BNC terminates the Executive’s 's employment without Cause or if the Executive terminates employment with Good Reason, BNC shall pay or cause to be paid to the Executive reasonable outplacement expenses in an amount up to $25,000, and for one year after termination BNC shall provide the Executive with the use of office space and reasonable office support facilities, including secretarial assistance.

Appears in 1 contract

Samples: Employment Agreement (BNC Bancorp)

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