Itxc Corp – Employment Agreement With Anthony Servidio (March 15th, 2004)
This Plan is also intended to provide severance benefits to those employees whose employment will terminate in connection with the merger, assuming it occurs, subject to the employees execution and delivery of a Separation and General Release Agreement. Currently, we anticipate your transition period being more than 9 months but less than 12 months following the closing of the transaction. This date is only an estimate and is subject to change. Unless you are terminated for cause, even if Company plans change, you will receive at least your base salary and the bonus described below as if you had been employed for 9 months after closing.