0001193125-12-234824 Sample Contracts

SEVERANCE AND GENERAL RELEASE OF ALL CLAIMS AGREEMENT
Severance and General Release of All Claims Agreement • May 15th, 2012 • Penson Worldwide Inc • Security brokers, dealers & flotation companies • Texas

This Severance and General Release of All Claims Agreement (“Agreement”) is entered into between Penson Worldwide, Inc. (“Company”), and Kevin W. McAleer (“Executive”), collectively referred to as the “Parties.” This Agreement is effective on the eighth day after Executive executes this Agreement (“Effective Date”).

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