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Exhibit 10.12
NOTICE OF
ELIGIBILITY
FOR
EXECUTIVE SEVERANCE
PROGRAM
Effective 2003
Amended April,
2005
PREPARED FOR:
The CDI Corp. Board of Directors
Compensation Committee, with the approval of the Board itself, has
adopted this Executive Severance Program to provide continuing
compensation and benefits to selected executives who have their
employment terminated for reasons other than resignation,
retirement, cause, death or disability. You are one of those
executives. Only someone who receives this notification will be
eligible for the compensation and benefits described herein. This
program supercedes any other severance program that may have
previously been communicated to you orally or in
writing.
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Who is
Eligible to
Participate in
the CDI
Executive
Severance
Program?
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• Typically
these persons will include top corporate executives, BU Presidents
and other selected executives. Only CDI Corp.’s CEO can name
participants in this program.
• The
minimum requirement for participation in the Executive Severance
Program is one year of service and a performance rating of
“on target” or better. Executives on a performance
management plan cannot participate.
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What are the
Compensation
and Benefit
Provisions
under the
Program?
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• Under
this program, you are eligible to receive the following:
• Up
to 12 months of salary continuation;
•
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