TERMINATION INDEMNITY. HYPERCOM will pay Xx. Xxxxx XXXXXXXX, on the Termination Date as defined in article 5 of the present Agreement, a specific indemnity relating to this Agreement in the gross amount of €359,000 (three hundred and fifty-nine thousand Euros). This payment will be made by bank check to the order of Xx. Xxxxx XXXXXXXX. The parties acknowledge that the indemnity amount is at least equal to the dismissal indemnity provided by the National Collective Bargaining Agreement of Metallurgical Industries for managers and engineers, applicable to the employment contract, and that it is higher than the amount of the legal dismissal indemnity.
