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Common use of Severance Amount Clause in Contracts

Severance Amount. The Company shall pay the Executive a lump sum amount equal to the Severance Amount on the Effective Release Date.

Appears in 8 contracts

Sources: Employment Agreement (Mackinac Financial Corp /Mi/), Employment Agreement (Mackinac Financial Corp /Mi/), Employment Agreement (Mackinac Financial Corp /Mi/)

Related Clauses

  • Severance Payment
  • Severance Payments
  • Severance Benefit
  • Severance Pay
  • Change of Control Severance Benefits

Parent Clauses

  • Termination of Employment
  • Conditional Benefits
  • Severance Payments
  • Compensation Upon Termination
  • Severance Benefits

Sub-Clauses

  • Complete Satisfaction
  • No Further Adjustment
  • Section 280G Cut-Back
  • Change of Control Agreement Amount
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