Additional Lump Sum Payment. In the event that (a) Executive remains in the Company’s employ until Executive attains age fifty-five (55), or (b) Executive’s employment terminates for a reason other than termination for Cause or voluntary quit, Executive shall become entitled to a bonus payment of $800,000. The Company shall pay Executive (or, in the event of Executive’s death, Executive’s estate) such payment in a lump sum on the earlier to occur of Executive’s death or the first business day immediately following the six (6)-month anniversary of Executive’s Separation from Service (as such term is defined in Section 6.2(c)).
Additional Lump Sum Payment. Xxxxxxx agrees to pay Woodside a one-time payment in the amount of $300,000, paid in conjunction with the first severance payment.
Additional Lump Sum Payment. Employee shall be entitled to receive payment, in a lump sum payable six months after the termination of the Agreement, in the following amounts:
Additional Lump Sum Payment. In the event Executive (a) remains in the Company’s employ until Executive attains age fifty-five (55), (b) terminates employment under section 6.1 on or after age fifty-two, or (c) dies or becomes disabled, the Company shall pay Executive (or, in the event of Executive’s death, Executive’s estate) $800,000 in a lump sum as soon as administratively feasible following the termination of Executive’s employment with the Company.
Additional Lump Sum Payment. Employee shall be entitled to receive payment, in a lump sum, in the following amounts:
Additional Lump Sum Payment. If Executive (a) remains in the Company’s employ until Executive attains age fifty-five (55) or (b) dies or becomes Disabled during the Term of Employment, the Company shall pay Executive (or, in the event of Executive’s death, Executive’s estate) $800,000 in a lump sum as soon as administratively feasible (and in no event later than the end of the short-term deferral period under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)) following the termination of Executive’s employment with the Company.
Additional Lump Sum Payment. In order to assist you with various costs you may incur associated with cancelling current rental agreement, as well as any other contracts or leases associated with your local living arrangements, as well as the costs associated with moving your household goods and furnishings back to your primary residence, you will also receive an additional lump sum severance payment of $15,000, less applicable withholdings (your “Supplemental Severance Benefit”) to be paid as soon as is practicable, but not more than 15 days, following the Effective Date of this Separation Agreement, as defined in Section 8 of this Separation Agreement.
Additional Lump Sum Payment. On January 1, 2016, Employer will provide Employee a lump-sum payment of $47,336.54.
Additional Lump Sum Payment. On the last day of the Term or as soon --------------------------- as practicable thereafter, the Bank shall pay to the Employee a lump sum cash payment equal to $21,888, unless the Employee is terminated by the Bank for Cause or the Agreement terminates due to the death of the Employee, in which event the Employee shall not be entitled to the payment described in this Section 5.
Additional Lump Sum Payment. Provided you sign and do not revoke this Separation Agreement and timely execute and do not revoke the Release, and contingent upon complying with the Company’s Code of Conduct and Xxxxxxx Xxxxxxx Policy, and your obligations set forth herein, the Company will make a lump sum severance payment to you representing an amount equal to $1,500,000. You will receive this payment within thirty (30) days following the Separation Date. You understand that the payment described in this Section is not for wages the Company concedes it owes you and is consideration for you signing the Release.
