Common use of Outplacement Service Clause in Contracts

Outplacement Service. In the event of termination of Employee's employment by the Company without Cause, the Company shall, upon the request of Employee (a) pay for outplacement service for Employee for a period of twelve (12) months, such payment to be made to an agency selected by Employee, based upon the customary fees charged by nationally rated firms engaged in providing such services for executives of similar level, qualifications, and experience, and (b) provide to Employee, for a reasonable time following termination of employment, not to exceed twelve (12) months, office space and secretarial support to assist Employee in searching for and obtaining a new position, such office space to be provided in a location reasonably determined by the Company.

Appears in 7 contracts

Samples: Employment Agreement (National Coal Corp), Employment Agreement (National Coal Corp), Employment Agreement (National Coal Corp)

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Outplacement Service. In the event of termination of Employee's employment by the Company without CauseCompany, the Company shall, upon the request of Employee (a) pay for outplacement service for Employee for a period of twelve (12) months, such payment to be made to an agency selected by Employee, based upon the customary fees charged by nationally rated firms engaged in providing such services for executives of similar level, qualifications, and experience, and (b) provide to Employee, for a reasonable time following termination of employment, not to exceed twelve (12) months, office space and secretarial support to assist Employee in searching for and obtaining a new position, such office space to be provided in a location reasonably determined by the Company.

Appears in 3 contracts

Samples: Employment Agreement (National Coal Corp), Employment Agreement (National Coal Corp), Employment Agreement (National Coal Corp)

Outplacement Service. In the event of termination of Employee's employment by the Company without Cause, the Company shall, upon the request of Employee (ai) pay for outplacement service for Employee for a period of twelve (12) months, such payment to be made to an agency selected by Employee, based upon the provided that such fees shall be reasonable and customary fees charged by for nationally rated firms engaged in providing such services for executives of similar level, qualifications, and experience, and (bii) provide to Employee, for a reasonable time following termination of employment, not to exceed twelve (12) months, office space and secretarial support to assist Employee in searching for and obtaining a new position, such office space to be provided in a location reasonably determined by the Company.

Appears in 2 contracts

Samples: Employment Agreement (Miller Energy Resources, Inc.), Employment Agreement (Miller Energy Resources, Inc.)

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Outplacement Service. In the event of termination of Employee's employment by the Company without Causecompany, the Company shall, upon the request of Employee (a) pay for outplacement service for Employee for a period of twelve (12) months, such payment to be made to an agency selected by Employee, based upon the customary fees charged by nationally rated firms engaged in providing such services for executives of similar level, qualifications, and experience, and (b) provide to Employee, for a reasonable time following termination of employment, not to exceed twelve (12) months, office space and secretarial support to assist Employee in searching for and obtaining a new position, such office space to be provided in a location reasonably determined by the Company.

Appears in 1 contract

Samples: Employment Agreement (National Coal Corp)

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