Classmates.com 2010 Annual Report Download - page 225

8. On or before your employment termination date, you have returned to the Company all items of property received by you for
your use during employment with your Employer, including, but not limited to, any laptops, computer equipment, software programs, cell
phones, keys and passes, and credit and calling cards.
9. You have signed a general release of all claims in a form acceptable to the Company (the “ Required Release ”) and delivered
it to your Employer in accordance with following requirements:
•
if you are under age forty (40), then (i) you must sign the Required Release and deliver it to your Employer within ten
(10) business days (or such shorter period of time required by your Employer) after the date of your Layoff Termination or
Involuntary Termination and (ii) such Required Release must become effective after the expiration of any revocation period
applicable by law or regulation to that release.
•
If you are age forty (40) or older, then (i) you must sign the Required Release and deliver it to your Employer within twenty-
one (21) days (or forty-five (45) days if required by applicable law) after the date of your Layoff Termination or Involuntary
Termination and (ii) such Required Release must become effective after the expiration of any revocation period applicable by
law or regulation to that release.
10. You are not in one of the excluded categories listed below.
B. Criteria for Exclusion from Eligibility.
You are not eligible for severance benefits under this Plan if any of the following apply:
1. You are a temporary, leased or seasonal employee of the Company or any Covered Subsidiary.
2. You work for the Company or any Covered Subsidiary as an independent contractor, consultant, or agent under a written
contract or purchase order or you are otherwise classified as such by your Employer (whether or not such classification is upheld on
governmental, judicial or other review.)
3. You resign your employment with the Company or any Covered Subsidiary (other than a resignation constituting an
Involuntary Termination).
4. You terminate your employment prior to the date of termination set by your Employer in its notice of termination (other than
in instances involving Involuntary Termination during the Transaction Protection Period). Your Employer has sole discretion to select your
termination date in circumstances not involving an Involuntary Termination during the Transaction Protection Period, and failure to work
through the termination date may render you ineligible for severance benefits. Vacation may be taken between the date you receive notice
of termination and your termination date only with the prior written approval of senior management.
5. You are terminated for reasons unrelated to an economically motivated reduction in force and under circumstances that do not
constitute an Involuntary Termination.
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