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Walt Disney Company (DIS)
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DIS » Topics » Severance Payment

This excerpt taken from the DIS 8-K filed Oct 6, 2005.
Severance Payment” means an amount equal to two times the sum of (a) the Base Salary and (b) the average of the annual bonuses payable (including in such average a zero for any year for which no such bonus is payable) to Executive with respect to each of the last three completed fiscal years of the Company for which the amount of such bonus has been determined at the date of such termination (the “
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