Outplacement Benefit definition
Examples of Outplacement Benefit in a sentence
A Participant in Tier 1 or Tier 2 on his or her employment termination date shall be entitled to the Outplacement Benefit under Section 4.2(e).
Subject to Section 7.1, any Outplacement Benefit and Non-Cash Severance Benefit, as applicable to the Participant, shall be paid in accordance with the terms set forth in Exhibit C to the Participant's Participation Agreement.
Each Participant shall receive the Outplacement Benefit which shall consist of outplacement services consistent with WellPoint's then-current outplacement policy for persons holding the Participant's title.
If the Participant dies during the Term, the Company shall pay to the Participant’s estate each of the payments the Company would have paid if the Participant’s employment had been terminated by the Company without Cause under Section 7(b); provided, however, that the Participant’s estate shall not receive the Health Insurance Benefit or the Outplacement Benefit.
Notwithstanding anything to the contrary herein, the payment or reimbursement of the Outplacement Benefit incurred during the six (6) month period following the Separation Date, if any, shall be accumulated and paid by the Company on June 10, 2009 (subject to Individual’s compliance with the Company’s expense reimbursement policies).
An Employee entitled to receive this Outplacement Benefit may elect to receive a lump sum payment, calculated by the Company in its sole discretion, in lieu of receiving the professional outplacement services.
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Each Participant shall receive the Outplacement Benefit, which shall consist of outplacement services consistent with WellPoint's then-current outplacement policy for persons holding the Participant's title.
A Participant in Tier 1 or Tier 2 shall be entitled to the same Outplacement Benefit under Section 4.2(c).
You acknowledge and agree that Immucor shall not be obligated to provide you with the Severance Payment, the Additional Payment, or the Outplacement Benefit unless and until you have executed this Release Agreement and the revocation period described in Section 5.b. of this Release Agreement has expired without your revocation of this Release Agreement.