SEVERANCE AGREEMENTSeverance Agreement • July 28th, 2009 • Lincoln Electric Holdings Inc • Metalworkg machinery & equipment • Ohio
and ending on December 31 of the second calendar year following such Termination Date or, if earlier, until the first acceptance by the Executive of an offer of employment, provided, however, that in no case will the Company be required to pay in excess of [$100,000] [$50,000] over such period in providing outplacement services and that all reimbursements hereunder will be paid to the Executive within thirty (30) calendar days following the date on which the Executive submits the invoice but no later than December 31 of the third calendar year following the year of the Executive’s Termination Date.
