Common use of Conditions To And Timing Of Severance Payments Clause in Contracts

Conditions To And Timing Of Severance Payments. Any obligation of the Company to provide the Executive the Severance Payments is conditioned on his signing and returning, without revoking, to the Company a timely and effective separation agreement containing a general release of claims and other customary terms in the form provided to the Executive by the Company at the time that the Executive’s employment terminates (the “Separation Agreement”). The Separation Agreement must become effective, if at all, by the sixtieth (60th) calendar day following the date the Executive’s employment terminates. Any Severance Payments to which the Executive is entitled will be payable in the form of salary continuation in accordance with the normal payroll practices of the Company. The first such payment will be made on the Company’s next regular payday following the expiration of sixty (60) calendar days from the date that the Executive’s employment terminates, but will be retroactive to the day following such date of termination.

Conditions To And Timing Of Severance Payments. Any obligation of the Company to provide the Executive you the Severance Payments is conditioned conditioned, however, on his your signing and returningreturning to the Company, without and not revoking, to the Company a timely and effective separation agreement containing a general release of claims and other customary terms in the form provided to the Executive you by the Company at the time that the Executive’s your employment terminates is terminated (the “"Separation Agreement”"). The Separation Agreement must become effective, if at all, by the sixtieth (60th) calendar day following the date the Executive’s your employment terminatesis terminated. Any Severance Payments to which the Executive is you are entitled will be payable provided in the form of salary continuation continuation, payable in accordance with the normal payroll practices of the Company. The first such payment will be made on the Company’s 's next regular payday following the expiration of sixty (60) calendar days from the date of termination; but that the Executive’s employment terminates, but will first payment shall be retroactive to the day following such the date of terminationyour employment terminates.

Conditions To And Timing Of Severance Payments. Any obligation of the Company to provide the Executive the Severance Payments is conditioned on his the Executive’s signing and returning, without revoking, returning to the Company a timely and effective separation agreement containing a general release of claims and other customary terms in the form provided to the Executive by the Company at the time that the Executive’s employment terminates (the “Separation Agreement”). The Separation Agreement must become effective, if at all, by the sixtieth (60th) calendar day following the date that the Executive’s employment terminates. Any Severance Payments to which the Executive is entitled will be payable in the form of salary continuation substantially equal installments in accordance with the normal payroll practices of the Company. The first such payment will be made on the Company’s next regular payday following the expiration of sixty (60) calendar days from the date that the Executive’s employment terminates, but will be retroactive to the day following such date of termination.