TERMINATION / COMPENSATION PAYMENT AGREEMENTTermination / Compensation Payment Agreement • November 21st, 2006 • Penson Worldwide Inc • Security brokers, dealers & flotation companies • New York
For all purposes of this Agreement, the value of all of the PWI Stock issued to SSLLC and/or its designee pursuant to Sections 3.01(a) and (b) of the APA (calculated as of the date of each issuance pursuant to Section 3.01(b) of the APA) plus the aggregate amount of any cash payments made in lieu thereof pursuant to Sections 3.01(a) and (b) of the APA, attributable to the CPI generated by SchonCo shall be the sum of (i) $1,581,794, plus (ii) the product of:
