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This excerpt taken from the PBI 10-K filed Mar 13, 2006. Severance. Notwithstanding anything to the contrary herein the Executive Committee may in its sole and exclusive discretion, determine that the Accounts of a Participant who has incurred, a Termination of Employment and who receives or will receive severance payments from the Company shall be paid in installments, at such intervals as the Executive Committee may decide.
EXHIBIT (vi) Page 24 of 24
Section 11.08 |
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