Common use of Form and Timing of Severance Benefits Clause in Contracts

Form and Timing of Severance Benefits. The Severance Benefits described in Section 2.3 hereof shall be paid in cash to the Executive in a single lump sum as soon as practicable following the Effective Date of Termination, but in no event beyond thirty (30) days from such date. Any payment required under this Section 3.1, or any other provision of this Agreement, that is not made in a timely manner will bear interest at a rate equal to one hundred twenty percent (120%) of the applicable federal rate, as in effect under Section 1274(d) of the Code for the month in which the payment is required to be made.

Form and Timing of Severance Benefits. The Severance Benefits described in Section 2.3 hereof 3.3(a) shall be paid in cash to the Executive in a single lump sum as soon as practicable following the Effective Date of TerminationSeverance Date, but in no event beyond the later of (a) thirty (30) days from such date. Any payment required under this Section 3.1the date of the Executive’s Severance Date, or any other provision of this Agreement(b) thirty (30) days after the date that the Release delivered by the Executive to the Company pursuant to Section 3.7 becomes irrevocable by the Executive in accordance with applicable law; provided, however, that is not made in a timely manner will bear interest at a rate equal payment of any and all Severance Benefits are subject to one hundred twenty percent (120%) the provisions of the applicable federal rate, as in effect under Section 1274(d) of the Code for the month in which the payment is required to be made8.14.

Form and Timing of Severance Benefits. The Severance Benefits described in Section 2.3 hereof shall be paid in cash to the Executive in a single lump sum as soon as practicable following the Effective Date of Termination, but in no event beyond thirty (30) days from such date. Any payment required under this Section 3.1, or any other provision of this Agreement, that is not made in a timely manner will bear interest at a rate equal to one hundred twenty percent (120%) of the applicable federal rate, as in effect under Section 1274(d) of the Code for the month in which the payment is required to be made.

Form and Timing of Severance Benefits. The Severance Benefits described in Section 2.3 Sections 2.3(a), 2.3(b), 2.3(d) and 2.3(e) hereof shall be paid in cash to the Executive in a single lump sum as soon as practicable following the Effective Date date of Termination, but in no event beyond thirty (30) days from such date. Any payment required under this Section 3.1, 2.1 or any other provision of this Agreement, that is not made in a timely manner will bear interest at a rate equal to one hundred twenty percent (120%) of the applicable federal rate, as in effect under Section 1274(d) of the Code for the month in which the payment is required to be made.