Common use of Outplacement Counseling Clause in Contracts

Outplacement Counseling. If the Executive incurs a Qualifying Termination, the Company shall make available to the Executive, at the Company's expense, outplacement counseling that is at least equivalent to the outplacement counseling that the Company provided to its terminated senior executives during the most recent year that ended before the Change in Control occurred and during which the Company provided outplacement counseling to its terminated senior executives. Subject to the foregoing, the Executive may select the organization that will provide the outplacement counseling; provided, that this sentence shall not require the Company to provide the Executive with outplacement counseling that is more costly to the Company than the outplacement counseling that this Section 2.3 otherwise requires the Company to provide to the Executive.

Appears in 6 contracts

Samples: Executive Severance Agreement (Gte Corp), Executive Severance Agreement (Gte California Inc), Executive Severance Agreement (Gte Southwest Inc)

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