Common use of Payment Administration Clause in Contracts

Payment Administration. 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 9. 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.

Appears in 1 contract

Sources: Employment Agreement (Questcor Pharmaceuticals Inc)

Payment Administration. 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 94. 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.

Appears in 1 contract

Sources: Severance Agreement (Questcor Pharmaceuticals Inc)