Common use of When Due Clause in Contracts

When Due. Executive (or his estate as the case may be) shall be entitled to the Deferred Compensation as calculated below, the initial installment of which is to be paid within 30 days after the event giving rise to the payout (except as provided below) in the event that Executive's employment is terminated for any of the following reasons herein: (A) death of Executive; (B) termination by the Company without cause pursuant to Section 3(c); (C) termination by Executive upon default by the Company pursuant to Section 3(d); (D) termination by Executive after a Change of Control pursuant to Section 3(e); (E) termination by the Executive pursuant to Section 3(f); (F) termination by the Company pursuant to Section 3(h); or (G) termination by the Company pursuant to Section 7(a).

When Due. Executive (or his estate as the case may be) shall be entitled to the Deferred Compensation as calculated belowin section 5(b) above, the initial installment of which is to be paid within 30 days after the event giving rise to the payout (except as provided below) in the event that Executive's ’s employment is terminated for any of the following reasons herein: : (A) death of Executive; ; (B) termination by the Company without cause pursuant to Section 3(c); ; (C) termination by Executive upon default by the Company pursuant to Section 3(d); ; (D) termination by Executive after a Change of Control pursuant to Section 3(e); ; (E) termination by the Executive pursuant to Section 3(f); ; (F) termination by the Company pursuant to Section 3(h); or or (G) termination by the Company pursuant to Section 7(a), as long as the Company and/or an insurance continues to pay Executive’s Base Salary for a period of up to 36 months.