Maximum Severance Pay Clause Samples

Maximum Severance Pay. No Employee will be eligible for Severance Pay under this Plan in an amount that exceeds twice the sum of (a) his annual Base Pay in effect on his Termination Date, plus (b) all other cash compensation and the value of all his Employer-provided benefits for the 12-month period preceding his Termination Date. EXHIBIT 3.2(b)(1)

Maximum Severance Pay. No Employee will be eligible for Severance Pay under this Plan in an amount that exceeds twice the sum of (a) his annual Base Pay in effect on his Termination Date, plus (b) all other cash compensation and the value of all his Employer-provided benefits for the 12-month period preceding his Termination Date. EXHIBIT 3.2(b)(1) Tax ID Number:_______________ Prepared by: Tia ▇. ▇▇▇▇▇▇, ▇▇quire NationsBank, N.A. 100 ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, NC 28255-0065 SPECIAL WARRANTY DEED _____________,a ______________, successor to ("Grantor") whose address is _______________________ , for and in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00) paid to Grantor and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, has GRANTED, SOLD and CONVEYED and does hereby GRANT, SELL and CONVEY unto, _______________ a Florida __________________ ("Grantee"), whose address is _____________________, in fee simple, that certain land located in ___________________County, Florida, being more particularly described in Exhibit A, attached hereto and incorporated herein by reference, together with all improvements, if any, located on such land (such land and improvements being collectively referred to as the "Property"). This conveyance is made and accepted subject to all matters (the "Permitted Exceptions") set forth in Exhibit B, attached hereto and incorporated herein by reference. TO HAVE AND TO HOLD the Property, together with all and singular the rights and appurtenances pertaining thereto, including all of Grantor's right, title and interest in and to adjacent streets, alleys and rights-of-way, subject to the Permitted Exceptions, unto Grantee and Grantee's heirs, successors and assigns forever. And Grantor hereby covenants with Grantee that, except as above noted, that at the time of the delivery of this Special Warranty Deed the Property was free from all encumbrances made by it and that Grantor will warrant and defend the same against the lawful claims and demands of all persons claiming by, through or under Grantor, but against none other. BY ACCEPTANCE OF THIS DEED, GRANTEE ACKNOWLEDGES THAT GRANTOR HAS NOT MADE, DOES NOT MAKE AND SPECIFICALLY NEGATES AND DISCLAIMS ANY REPRESENTATIONS, WARRANTIES, PROMISES, COVENANTS, AGREEMENTS OR GUARANTIES OF ANY KIND OR CHARACTER WHATSOEVER, WHETHER EXPRESS OR IMPLIED, ORAL OR WRITTEN, PAST, PRESENT OR FUTURE, OF, AS TO, CONCERNING OR WITH RESPECT TO (A) THE VALUE, NATURE, QUALI...