Payment of Deferred Compensation. Except as provided below, the Deferred Compensation shall be paid in monthly installments over the 12 months following the event giving rise to a Deferred Compensation.
Appears in 4 contracts
Samples: Employment Agreement (Usio, Inc.), Employment Agreement (Payment Data Systems Inc), Employment Agreement (Payment Data Systems Inc)
Payment of Deferred Compensation. Except as provided below, the Deferred Compensation shall be paid in monthly installments over the 12 months following the event giving rise to a the right to receive Deferred Compensation; provided, however, if there is less than 12 months remaining on the term of this Agreement when the event giving rise to the right to receive Deferred Compensation occurred, then the Deferred Compensation shall be paid in equal monthly installments over the period of such remaining term.
Appears in 1 contract
Payment of Deferred Compensation. Except as provided below, the Deferred Compensation shall be paid in monthly installments over the 12 twelve (12) months following the event giving rise to a Deferred Compensation.
Appears in 1 contract
