0001140361-11-030100 Sample Contracts

SEVERANCE AGREEMENT
Severance Agreement • May 26th, 2011 • PDL Biopharma, Inc. • Biological products, (no disgnostic substances)

This Severance Agreement (the “Agreement”) is entered into as of [Date] (the “Effective Date”), by and between PDL BioPharma, Inc. (the “Company”), and [Name] (“you” or “Executive”).

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