Common use of Payment Administration Clause in Contracts

Payment Administration. Subject to Section 8, the severance payment under Section 7(c) shall be made in a single lump sum on the release effective date of the Release Agreement referenced in Section 10; provided, however, no amount shall be paid pursuant to this Section 7(d) unless, on or prior to the fifty-fifth (55th) day following the later of (i) the Executive’s Separation from Service or (ii) the effective date of a Change in Control occurring within three months following Executive’s Separation from Service, Executive has executed an effective Release Agreement and any applicable revocation period has expired. Payments under Section 7(c) shall be in addition to the payments under Section 5(f) but shall be in lieu of, and not in addition to, the payment of any cash severance payments that Executive may otherwise be entitled to under Section 6 of this Agreement.

Payment Administration. Subject to Section 84 below, the severance payment under Section 7(c3(c) shall be made in a single lump sum on the release effective date of the Release Agreement referenced in Section 105; provided, however, no amount shall be paid pursuant to this Section 7(d3(e) unless, on or prior to the fifty-fifth (55th) day following the later of (i) the Executive’s Separation from Service or (ii) the effective date of a Cash Severance Change in Control occurring within three months following Executive’s Separation from Service, Executive has executed an effective Release Agreement and any applicable revocation period has expired. Payments under Section 7(c3(c) shall be in addition to the payments under Section 5(f1(e) but shall be in lieu of, and not in addition to, the payment of any cash severance payments that Executive may otherwise be entitled to under Section 6 2 of this Agreement.

Payment Administration. Subject to Section 84 below, the severance payment under Section 7(c3(c) shall be made in a single lump sum on the release effective date of the Release Agreement referenced in Section 105; provided, however, no amount shall be paid pursuant to this Section 7(d3(d) unless, on or prior to the fifty-fifth (55th) day following the later of (i) the Executive’s Separation from Service or (ii) the effective date of a Change in Control occurring within three months following Executive’s Separation from Service, Executive has executed an effective Release Agreement and any applicable revocation period has expired. Payments under Section 7(c3(c) shall be in addition to the payments under Section 5(f1(e) but shall be in lieu of, and not in addition to, the payment of any cash severance payments that Executive may otherwise be entitled to under Section 6 2 of this Agreement.

Payment Administration. Subject to Section 84 below, the severance payment under Section 7(c3(c) shall be made in a single lump sum on the release effective date of the Release Agreement referenced in Section 105; provided, however, no amount shall be paid pursuant to this Section 7(d3(d) unless, on or prior to the fifty-fifth (55th) day following the later of (i) the Executive’s Separation from Service or (ii) the effective date of a Cash Severance Change in Control occurring within three months following Executive’s Separation from Service, Executive has executed an effective Release Agreement and any applicable revocation period has expired. Payments under Section 7(c3(c) shall be in addition to the payments under Section 5(f1(e) but shall be in lieu of, and not in addition to, the payment of any cash severance payments that Executive may otherwise be entitled to under Section 6 2 of this Agreement.