Common use of Sxxxxxxxx Xxxment Clause in Contracts

Sxxxxxxxx Xxxment. The Company shall pay the Executive an amount (the "Other Severance Amount") equal to the Executive's current year Base Salary plus any actual Bonus compensation for the preceding fiscal year; provided, however, the Other Severance Amount shall not be less than Two Hundred Thousand Dollars ($200,000.00) nor more (once the minimum is reached) than one percent (1.0%) of the book value of the Company (i.e., the amount reported on the Company's balance sheet prepared in accordance with generally accepted accounting principles as stockholders' equity). The Other Severance Amount shall be payable immediately upon the termination date.

Sxxxxxxxx Xxxment. The Company shall pay the Executive an amount (the "Other Severance Amount") equal to one half of the Executive's combined current year Base Salary plus and any actual Bonus compensation for the preceding fiscal year; provided, however, that the Other Severance Amount shall not be less than Two Hundred Eighty Thousand Dollars ($200,000.0080,000.00) nor more (once the minimum is reached) than one percent (1.0%) of the book value of the Company (i.e., the amount reported on the Company's balance sheet prepared in accordance with generally accepted accounting principles as stockholders' equity). The Other Severance Amount shall be payable immediately upon the termination date.

Sxxxxxxxx Xxxment. The Company shall pay the Executive an amount (the "Other Severance Amount") equal to the one half of the Executive's current year Base Salary plus any actual Bonus compensation for the preceding fiscal year; provided, however, the Other Severance Amount shall not be less than Two Hundred Sixty Thousand Dollars ($200,000.0060,000.00) nor more (once the minimum is reached) than one percent (1.0%) of the book value of the Company (i.e., the amount reported on the Company's balance sheet prepared in accordance with generally accepted accounting principles as stockholders' equity). The Other Severance Amount shall be payable immediately upon the termination date.

Sxxxxxxxx Xxxment. The Company shall pay the Executive an amount (the "Other Severance Amount") equal to the Executive's current year Base Salary plus any actual Bonus compensation for the preceding fiscal year; provided, however, the Other Severance Amount shall not be less than Two Hundred Fifty Thousand Dollars ($200,000.00250,000.00) nor more (once the minimum is reached) than one percent (1.0%) of the book value of the Company (i.e., the amount reported on the Company's balance sheet prepared in accordance with generally accepted accounting principles as stockholders' equity). The Other Severance Amount shall be payable immediately upon the termination date.

Sxxxxxxxx Xxxment. The Company shall pay the Executive an amount (the "Other Severance Amount") equal to the Executive's combined current year Base Salary plus and any actual Bonus compensation for the preceding fiscal year; provided, however, that the Other Severance Amount shall not be less than Two Hundred Thousand Dollars ($200,000.00) nor more (once the minimum is reached) than one percent (1.0%) of the book value of the Company (i.e., the amount reported on the Company's balance sheet prepared in accordance with generally accepted accounting principles as stockholders' equity). The Other Severance Amount shall be payable immediately upon the termination date.