Severance Adjustment. Any severance that shall become payable to Employee under his Employment Agreement during or after the term of this instrument shall be calculated without reference to either this instrument or the salary reduction effected hereby.
Severance Adjustment. (i) At least five Business Days prior to the final Deferred Closing Date, or such other date as may be mutually agreed between the ABG Purchaser and Seller, Seller shall deliver to ABG Purchaser (x) the Actual Severance Costs for each applicable Seller Entity Business Employee, with a separate accounting for each of the AUS Actual Severance Costs and Non-AUS Actual Severance Costs and (y) Seller’s good faith estimate of the Severance Adjustment Amount, with a separate accounting of the AUS Severance Adjustment Amount and Non-AUS Severance Adjustment Amount as a result thereof (the “Severance Statement”). Seller and ABG Purchaser shall attempt, in good faith, to resolve any disagreement with respect to the calculation of the AUS Severance Adjustment Amount and Non-AUS Severance Adjustment Amount and the resulting calculation of the Severance Adjustment Amount within thirty (30) days after delivery of such Severance Statement by Seller. If or to the extent such disagreement is not resolved within such thirty (30) day period (or such longer period as mutually agreed between Seller and ABG Purchaser), then the dispute resolution mechanism set forth in Section 1.04(b) shall apply mutatis mutandis with respect to any disputes that may arise in connection therewith.
