Delinquent Payments. If any of the payments referred to in this Section 6 are not paid within the time specified after the Termination Date (hereinafter a “Delinquent Payment”), in addition to such principal sum, Metavante Technologies will pay to Executive interest on all such Delinquent Payments computed at the prime rate as announced from time to time by M&I Xxxxxxxx & Xxxxxx Bank, or its successor, compounded monthly. Notwithstanding the foregoing, no interest shall be due and owing for payments which are delayed because of Executive’s failure to execute the Separation Agreement and Release or the rescission thereof.
Appears in 6 contracts
Samples: Change of Control Agreement (Metavante Technologies, Inc.), Change of Control Agreement (Metavante Technologies, Inc.), Change of Control Agreement (Metavante Technologies, Inc.)
Delinquent Payments. If any of the payments referred to in this Section 6 are not paid within the time specified after the Termination Date (hereinafter a “Delinquent Payment”), in addition to such principal sum, Metavante Technologies the Company will pay to the Executive interest on all such Delinquent Payments computed at the prime rate as announced from time to time by M&I Xxxxxxxx & Xxxxxx Bank, or its successor, compounded monthly. Notwithstanding the foregoing, no interest shall be due and owing for as regards payments which are delayed because of Executive’s failure to execute the Separation Agreement and Release or the rescission recission thereof.
Appears in 5 contracts
Samples: Change of Control Agreement (Marshall & Ilsley Corp/Wi/), Change of Control Agreement (Marshall & Ilsley Corp/Wi/), Change of Control Agreement (Marshall & Ilsley Corp/Wi/)
