Description of Severance Arrangement withWilliam P. Fasig
Contract Categories:
Human Resources
- Severance Agreements
EX-10.21 5 dex1021.htm DESCRIPTION OF SEVERANCE ARRANGEMENT Description of Severance Arrangement
EXHIBIT 10.21
Description of Severance Arrangement with William P. Fasig
VeriSign has agreed to the following severance agreement should Mr. Fasig be involuntarily terminated from VeriSign without cause:
For up to 1 month of employment—receive 12 months salary
After 1 month of employment—receive 11 months salary
After 2 months of employment—receive 10 months salary
After 3 months of employment—receive 9 months salary
After 4 months of employment—receive 8 months salary
After 5 months of employment—receive 7 months salary
After 6 months of employment—receive 6 months salary
No severance payment is made in the event Mr. Fasig resigns voluntarily
