Wisconsin Energy Severance Policies Sample Clauses

Wisconsin Energy Severance Policies. Prior to the Closing Date, ----------------------------------- Wisconsin Energy shall adopt severance policies substantially in the forms attached to this Agreement as Exhibits 3 and 4 (the "Wisconsin Energy Severance Policies"). WICOR shall notify Wisconsin Energy at least three (3) calendar days prior to the Closing Date of the identity of those employees of the WICOR Companies that are to be "Participants" under each of the Wisconsin Energy Severance Policies (not to exceed 4 individuals as Participants who are to receive "Tier 1 Benefits", 4 individuals as Participants who are to receive "Tier 2 Benefits", 10 individuals as Participants who are to receive "Tier 3 Benefits" and 30 individuals as Participants who are to receive "Tier 4 Benefits"). Wisconsin Energy shall then take all appropriate actions prior to the Closing Date to designate such Persons as "Participants" under the Wisconsin Energy Severance Policies as indicated in such notice.
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Related to Wisconsin Energy Severance Policies

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