Common use of Payment of Deferred Compensation Clause in Contracts

Payment of Deferred Compensation. The Deferred Compensation shall be paid in the manner set forth in Section 2.B and 2. C below on the earliest to occur of (i) Xxxxx 0, 0000, (xx) the Director’s Separation from Service, or (iii) the Director’s death. Notwithstanding the foregoing, upon the Director’s Separation from Service prior to April 1, 2012 due to (A) the Director’s voluntary resignation that is other than a Resignation for Good Reason or (B) Cause, the Director shall forfeit and shall not be entitled to receive payment of his Deferred Compensation.

Appears in 8 contracts

Samples: Director Deferred Compensation Agreement (United States Brent Oil Fund, LP), Director Deferred Compensation Agreement (United States 12 Month Natural Gas Fund, LP), Director Deferred Compensation Agreement (United States Gasoline Fund, LP)

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