Common use of Benefit Payment Clause in Contracts

Benefit Payment. The benefit payment due to the Employee under this Agreement shall be paid to the Employee in a lump sum cash payment, subject to the provisions of Section 8 below. Such payment shall be paid by the Company as soon as practicable after the last date of the Term.

Benefit Payment. The benefit payment due to the Employee under this Agreement shall be paid to the Employee (or, if the Employee is deceased, the Employee’s beneficiary, as defined in Section 8) in a lump sum cash payment, subject to the provisions of Section 8 9 below. Such Except as otherwise provided in Section 7 below, such payment shall be paid by the Company as soon as practicable after the last date of the Term but, in any event, on or before March 15 of the calendar year immediately following the end of the Term.

Benefit Payment. The benefit payment due to the Employee under this Agreement shall be paid to the Employee (or, if the Employee is deceased, the Employee’s beneficiary, as defined in Section 8) in a lump sum cash payment, subject to the provisions of Section 8 9 below. Such Except as otherwise provided in Section 7 below, such payment shall be paid by the Company as soon as practicable after the last date of the Term but, in any event, on or before March 15 of the year immediately following the end of the Term.