Payment of Severance Payment Sample Clauses

Payment of Severance Payment. In the event that Officer is entitled to any Severance Payment pursuant to Paragraph 4.3 above, that portion of such Severance Payment that represents Base Salary shall be payable in monthly installments, and that portion of such Severance Payment that represents the Average Bonus shall be payable on the dates such amounts would have been paid had Officer continued in Company's employment for the Severance Period; provided, however, that in the event of a Termination Following a Change in Control (as defined in Paragraph 4.4(e) below), the Severance Payment shall be payable in a lump sum within ten (10) days following such termination.
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Payment of Severance Payment. The Severance Payment will be paid in a single lump sum cash payment after the date that is 60 days after the Date of Termination, but in no event later than the date that is 70 days after the Date of Termination.
Payment of Severance Payment. In the event that Employee is entitled to any Severance Payment pursuant to Paragraph 4.3 above, that portion of such Severance Payment that represents Base Salary shall be payable in monthly installments, and that portion of such Severance Payment that represents the earned bonus, if any, shall be Payable on the dates such amounts would have been paid had Employee continued in the Company's employment for the Severance Period; provided, however, that in the event of a Termination Following a Change in Control (as defined in Paragraph 4.4(e) below, the Severance Payment shall be payable in a lump sum within ten days following such termination.
Payment of Severance Payment. The Employee shall have a period of 21 days following the Termination Date to consider whether to execute this General Release. If the Employee accepts the terms hereof and executes this General Release prior to the expiration of such 21-day period, he may thereafter, for a period of 7 days following (and not including) the date of execution, revoke this General Release. If no such revocation occurs, this General Release shall become irrevocable in its entirety, and binding and enforceable against the Employee, on the day next following the day on which the foregoing seven-day period has elapsed.
Payment of Severance Payment. The Severance Payment shall be paid in four equal installments, the first of which shall be paid within thirty (30) days after the Termination Date. The other three installments will be paid (together with accrued interest at the base rate of the Bank of America, as adjusted when such rate is changed) six months, twelve months and twenty-four months after the Termination Date, respectively. Associate agrees that in the event that Associate breaches any provision of subsection (f) below or the general release, his right to receive future installments of the Severance Payment shall terminate as of the date of such breach.
Payment of Severance Payment. The Base Salary portion of any Severance Payment to which Employee is entitled shall be paid to Employee in a lump sum beginning on the first regular payroll date after the later of (a) execution by Employee and delivery to Company of the Release and (b) expiration of any applicable period for revocation provided in the Release. Any Bonus portion of any Severance payment that employee is entitled to receive pursuant to Section 3 will be paid on the same payroll dates as such Bonus would be paid if Employee continued in employment with the Company, but not earlier than the first regular payroll date after the later of (a) execution by Employee and delivery to Company of the Release and (b) expiration of any applicable period for revocation provided in the Release. Notwithstanding anything to the contrary in this Agreement, solely to the extent that such delay is required in order to avoid the imposition of an excise tax under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), if the Employee is a “specified employeefor purposes of Section 409A(a)(2)(B) of the Code, any payments to be made pursuant to this Agreement that are considered to be non-qualified deferred compensation distributable in connection with the Employee’s separation from service with the Company for purposes of Section 409A of the Code, and which otherwise would have been payable at any time during the six-month period immediately following the Employee’s separation from service with the Company, shall not be paid prior to, and shall instead be payable in a lump sum within ten (10) business days following the end of such six-month period.
Payment of Severance Payment. The Severance Payment to which you are entitled shall be paid to you, in cash and in full, not later than eight (8) calendar days after execution and delivery by you (or your beneficiary or personal representative, if applicable) of the Release Agreement, but in no event before the date on which such Release becomes effective. If you should die before all amounts payable to you have been paid, such unpaid amounts shall be paid to your beneficiary under this Agreement or, if you have not designated such a beneficiary in writing to the Company, to the personal representative(s) of your estate.
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Payment of Severance Payment. (i) One half of the payment calculated under Section 3(c)(i) above shall be paid in a lump sum (less applicable withholding taxes and other customary employee deductions) promptly after the date of early termination as defined in Section 3(c)(i). The remaining sum will be paid in equal monthly installments, (subject to applicable withholding taxes and other customary deductions) commencing in the Company payroll period after the month in which the midpoint of the Required Notice Period falls, for the remainder of the Required Notice Period.
Payment of Severance Payment. (i) One half the payment calculated under Section 3(c) above shall be paid by the Company in a lump sum (less applicable withholding taxes and other customary employee deductions), within 30 days of the date of termination. The remaining sum will be paid in equal monthly instalments, subject to applicable federal, state and local tax withholdings, commencing in the Company payroll period after the month in which the midpoint of the Required Notice Period falls, for the remainder of the Required Notice Period. If the Employee has commenced alternative employment before the payroll date in any month in which such a payment would otherwise be made, the gross base salary earned by the Employee in that month shall be deducted from the gross monthly instalment. The Employee shall notify the Board of Directors promptly upon obtaining new employment, which notice shall include the Employee’s start date and gross monthly base salary. The Company undertakes for itself and its Directors to keep the gross monthly base salary confidential, subject to legal reporting requirements.
Payment of Severance Payment. The Severance Payment to which Employee is entitled shall be paid to Employee in a lump sum on the first regular payroll date after the later of (a) execution by Employee and delivery to Bank of the Release and (b) expiration of any applicable period for revocation provided in the Release.
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