Severance Note Bonus Clause Samples

Severance Note Bonus. Within a reasonable period of time following termination, the Company shall pay Employee a one-time bonus equal to the then-outstanding principal and interest on the promissory notes dated November 12, 1998 (a copy of which is attached hereto as Exhibit B), and dated December 28, 2001 (a copy of which is attached hereto as Exhibit C)(the “Severance Notes Bonus”). The Severance Notes Bonus will be subject to applicable withholdings and deductions.