Common use of Payment Acknowledged Clause in Contracts

Payment Acknowledged. In consideration for entering into this Agreement, the Company will provide to Employee the separation benefits specified in Exhibit I to this Agreement (the “Separation Benefits”). The Lump Sum Severance Payment, as described in Exhibit I, will be made in a single cash payment within ten (10) business days after the end of the revocation period specified in Section 17 following the Termination Date (as defined in Section 3).

Payment Acknowledged. In consideration for entering into this Agreement, the Company will provide to Employee the separation benefits specified in Exhibit I to this Agreement (the “Separation Benefits”). The Lump Sum Severance Payment, as described in Exhibit I, will be made in a single cash payment within ten (10) business days after the end of the revocation period specified in Section 17 following the Termination Date (as defined in Section 32).