Common use of Additional Lump Sum Payment Clause in Contracts

Additional Lump Sum Payment. In the event Executive (a) remains in the Company’s employ until Executive attains age fifty-five (55), (b) terminates employment under section 6.1 on or after age fifty-two, or (c) dies or becomes disabled, the Company shall pay Executive (or, in the event of Executive’s death, Executive’s estate) $800,000 in a lump sum as soon as administratively feasible following the termination of Executive’s employment with the Company.

Additional Lump Sum Payment. In the event Executive (a) remains in the Company’s 's employ until Executive attains age fifty-five (55), (b) terminates employment under section 6.1 on or after age fifty-two, or (c) dies or becomes disabled, the Company shall pay Executive (or, in the event of Executive’s 's death, Executive’s 's estate) $800,000 in a lump sum as soon as administratively feasible following the termination of Executive’s 's employment with the Company.