Common use of Severance Benefits during Severance Period Clause in Contracts

Severance Benefits during Severance Period. The “Severance Period” shall extend for twelve (12) months. It shall commence on the first pay date within the sixty (60)-day period measured from the date of Executive’s “Separation from Service” (as defined in Section VII.B.3) due to his termination without Cause or his resignation for Good Reason. “Severance Benefits” shall consist of the following:

Appears in 2 contracts

Samples: Executive Employment Agreement (Penson Worldwide Inc), Executive Employment Agreement (Penson Worldwide Inc)

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Severance Benefits during Severance Period. The “Severance Period” shall extend for twelve (12) months. It shall commence on the first pay date within the sixty (60)-day period measured from 60) days following the date of Executive’s “Separation from Service” (as defined in Section VII.B.3) due to his termination without Without Cause or his resignation for Good Reason. “Severance Benefits” shall consist of the following:

Appears in 1 contract

Samples: Executive Employment Agreement (Penson Worldwide Inc)

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Severance Benefits during Severance Period. The “Severance Period” shall extend for twelve (12) 12 months. It shall commence on the first pay date within the sixty (60)-day period measured from the date of Executive’s 60 days following your “Separation from Service” (as defined in Section VII.B.37.D.3.) due to his your termination without Without Cause or his your resignation for Good Reason. “Severance Benefits” shall consist of the following:

Appears in 1 contract

Samples: Letter Agreement (Penson Worldwide Inc)

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