Common use of Amount and Payment of Cash Payment Clause in Contracts

Amount and Payment of Cash Payment. The Corporation will make a cash payment (the "Cash Payment") to Executive in an amount equal to 2.99 times the Executive's Average Compensation (as defined below). The Cash Payment shall be paid to Executive in a single lump sum on the tenth business day after termination of the Employment. If Executive dies after becoming entitled to the Cash Payment but before it has been paid, the Cash Payment will be made to Executive's designated beneficiary (or Executive's estate if Executive fails to designate a beneficiary).

Amount and Payment of Cash Payment. The Corporation Subject to the other provisions of this Section, the Cash Payment will make a cash payment (the "Cash Payment") to Executive in be an amount equal to 2.99 times the Executive's Average Compensation (as defined below). The Cash Payment shall be paid to Executive in a single lump sum on the tenth business day after termination of the Employment. If Executive dies after becoming entitled to the Cash Payment but before it has been paid, paid in full any remaining portion of the Cash Payment will be made to Executive's designated beneficiary (or Executive's estate if Executive fails to designate a beneficiary).