Common use of Amount of Severance Clause in Contracts

Amount of Severance. The amount of the severance payment shall be ------------------- three (3) months' salary. Zhone may elect to pay severance in a lump sum or on a regular payroll schedule, provided that no payment shall be made until all rights to revoke the general release have expired.

Appears in 1 contract

Sources: Agreement and Plan of Reorganization (Zhone Technologies Inc)

Amount of Severance. The amount of the severance payment shall be ------------------- three (3) months' salary. Zhone may elect to pay severance in a lump sum or on a regular payroll schedule, provided that no payment shall be made until all rights to revoke the general release have expired.

Appears in 1 contract

Sources: Agreement and Plan of Reorganization (Zhone Technologies Inc)