Common use of Termination During an Imminent Control Change Period: Outplacement Clause in Contracts

Termination During an Imminent Control Change Period: Outplacement. To the extent actually incurred by Executive, the Company shall pay or cause to be paid on behalf of Executive, as incurred, all reasonable fees and costs charged by a nationally recognized outplacement firm selected by the Executive for outplacement services provided up to 12 months after the Termination Date. No cash shall be paid in lieu of such fees and costs.

Appears in 6 contracts

Samples: Control Employment Agreement (Baltimore Gas & Electric Co), Control Employment Agreement (Exelon Corp), Control Employment Agreement (Exelon Corp)

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