Common use of Acceleration of Payment Clause in Contracts

Acceleration of Payment. Notwithstanding paragraph 1, or any other provision in this Agreement to the contrary, if Executive’s employment with the Company ends as a result of Executive’s death, disability, or involuntary termination by the Company without cause as approved by the Company’s Board of Managers, then any unpaid portion of the Aggregate Bonus Opportunity amounts shall be paid in a single lump sum within 60 days following Executive’s separation from service with the Company or within 10 days following a change in control of the Company.

Appears in 4 contracts

Samples: Supplemental Bonus Agreement (National Beef Packing Co LLC), Supplemental Bonus Agreement (National Beef Packing Co LLC), Supplemental Bonus Agreement (National Beef Packing Co LLC)

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