Common use of Payment of Monies and Benefits Clause in Contracts

Payment of Monies and Benefits. The payment described in Section 4.4.1(i) shall be paid to the Executive within thirty (30) days from the date of termination and shall be subject to withholdings for applicable taxes. The payment described in Section 4.4.1(ii) shall be paid to the Executive in regular installments commencing from the date of such termination in accordance with the Company’s general payroll practices and shall be subject to withholdings for applicable taxes. The payment described in Section 4.4.1(iii) shall be payable in a lump sum on or before April 1 following the end of the fiscal year in which the termination occurred and shall be subject to withholdings for applicable taxes. The benefits described in Section 4.4.1(iv) shall be provided in accordance with the Company’s standard policies and practices.

Appears in 1 contract

Samples: Employment Agreement (RoomStore, Inc.)

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Payment of Monies and Benefits. The payment described in Section 4.4.1(i4.3.1(i) shall be paid to the Executive in a lump sum within thirty (30) days from the date of such termination and shall be subject to withholdings for applicable taxes. The payment described in Section 4.4.1(ii4.3.1(ii) shall be paid to the Executive in regular installments commencing from the date of such termination in accordance with the Company’s general payroll practices and shall be subject to withholdings for applicable taxes. The payment described in Section 4.4.1(iii4.3.1(iii) shall be payable in a lump sum on or before April 1 following the end of the fiscal year in which the such termination occurred and shall be subject to withholdings for applicable taxes. The benefits described in Section 4.4.1(iv4.3.1(iv) shall be provided in accordance with the Company’s standard policies and practices.

Appears in 1 contract

Samples: Employment Agreement (Stage Stores Inc)

Payment of Monies and Benefits. The payment payments described in Section 4.4.1(i4.6.1(i) shall be paid to the Executive in a lump sum within thirty (30) days from of the date of termination the Termination Contemporaneous with a Change in Control and shall be subject to withholdings for applicable taxes. The payment described in Section 4.4.1(ii) shall be paid to the Executive in regular installments commencing from the date of such termination in accordance with the Company’s general payroll practices and shall be subject to withholdings for applicable taxes. The payment described in Section 4.4.1(iii4.6.1(ii) shall be payable in a lump sum on or before April 1 following the end of the fiscal year in which the termination Termination Contemporaneous with a Change in Control occurred and shall be subject to withholdings for applicable taxes. The benefits described in Section 4.4.1(iv4.6.1(iii) shall be provided in accordance with the Company’s or its successor’s standard policies and practices. The payments described in Section 4.6.1(iv) hereof shall be paid directly to the entity providing outplacement services to the Executive within thirty (30) days of receipt of an invoice or statement from such entity.

Appears in 1 contract

Samples: Employment Agreement (RoomStore, Inc.)

Payment of Monies and Benefits. The payment payments described in Section 4.4.1(i4.3.1(i) and 4.3.1(ii) hereof shall be paid to the Executive in a lump sum within thirty (30) days from the date of such termination and shall be subject to withholdings for applicable taxes. The payment described in Section 4.4.1(ii4.3.1(iii) shall be paid to the Executive in regular installments commencing from the date of such termination in accordance with the Company’s general payroll practices and shall be subject to withholdings for applicable taxes. The payment described in Section 4.4.1(iii) hereof shall be payable in a lump sum on or before April 1 following the end of the fiscal year in which the such termination occurred and shall be subject to withholdings for applicable taxes. The benefits described in Section 4.4.1(iv4.3.1(iv) shall be provided in accordance with the Company’s 's standard policies and practices. The payments described in Section 4.3.1(v) hereof shall be paid directly to the entity providing outplacement services to Executive within ten (10) days of receipt of an invoice or statement from such entity.

Appears in 1 contract

Samples: Employment Agreement (Stage Stores Inc)

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Payment of Monies and Benefits. The payment described in Section 4.4.1(i) shall be paid to the Executive in a lump sum within thirty (30) days from the date of such termination and shall be subject to withholdings for applicable taxes. The payment described in Section 4.4.1(ii) shall be paid to the Executive in regular installments commencing from the date of such termination in accordance with the Company’s general payroll practices and shall be subject to withholdings for applicable taxes. The payment described in Section 4.4.1(iii) shall be payable in a lump sum on or before April 1 following the end of the fiscal year in which the such termination occurred and shall be subject to withholdings for applicable taxes. The benefits described in Section 4.4.1(iv) shall be provided in accordance with the Company’s standard policies and practices.

Appears in 1 contract

Samples: Employment Agreement (Stage Stores Inc)

Payment of Monies and Benefits. The payment described in Section 4.4.1(i4.3.1(i) shall be paid to the Executive within thirty (30) days from the date of such termination and shall be subject to withholdings for applicable taxes. The payment described in Section 4.4.1(ii4.3.1(ii) shall be paid to the Executive in regular installments commencing from the date of such termination in accordance with the Company’s general payroll practices and shall be subject to withholdings for applicable taxes, unless the Company elects to make a lump sum Severance Payment in an equivalent amount within thirty days of the date of termination. The payment described in Section 4.4.1(iii4.3.1(iii) shall be payable in a lump sum on or before April 1 following the end of the fiscal year in which the termination occurred and shall be subject to withholdings for applicable taxes. The benefits described in Section 4.4.1(iv4.3.1(iv) hereof shall be provided in accordance with the Company’s standard policies and practices.

Appears in 1 contract

Samples: Employment Agreement (RoomStore, Inc.)

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