Common use of Conditions to Payment and Acceleration Clause in Contracts

Conditions to Payment and Acceleration. In the event of a termination under this Section VII, any Base Salary earned but unpaid as of the date of such termination shall be paid in accordance with Section IV(a), and any Annual Bonus earned but unpaid as of the date of such termination shall be paid in accordance with Section IV(d). All payments due to the Executive under Section VII(a)(i) shall be made to the Executive in a lump sum no later than the 60th day following the date of termination; provided, however, that such payment shall be subject to, and contingent upon, the execution by the Executive (or his beneficiary or estate) of a release of claims against the Company and its affiliates in such reasonable form determined by the Company in its sole discretion. The payments due to the Executive under this Section VII shall be in lieu of any other severance benefits otherwise payable to the Executive under any severance plan of the Company or its affiliates.”

Conditions to Payment and Acceleration. In the event of a termination under this Section VIIVI, any Base Salary earned but unpaid as of the date of such termination shall be paid in accordance with Section IV(aIII(a), and any Annual Bonus Incentive Compensation Awards earned but unpaid as of the date of such termination shall be paid in accordance with Section IV(dIII(b). All payments due to the Executive under the first sentence of Section VII(a)(iVI(a) shall be made to the Executive in a lump sum no later than to the 60th day Executive within 60 days following the date of termination; provided, however, that such payment shall be subject to, and contingent upon, the execution by the Executive (or his beneficiary or estate) of a release of claims against the Company and its affiliates in such reasonable form determined by the Company in its sole discretion. The payments due to the Executive under this Section VII VI shall be in lieu of any other severance benefits otherwise payable to the Executive under any severance plan of the Company or its affiliates.”

Conditions to Payment and Acceleration. In the event of a termination under this Section VII, any Base Salary earned but unpaid as of the date of such termination shall be paid in accordance with Section IV(a), and any Annual Bonus Incentive Compensation Awards earned but unpaid as of the date of such termination shall be paid in accordance with Section IV(d)the terms of any applicable plan. All payments due to the Executive under the first sentence of Section VII(a)(iVII(a) shall be made to the Executive in a lump sum no later than the 60th day following the date of termination; provided, however, that such payment shall be subject to, and contingent upon, the execution by the Executive (or his her beneficiary or estate) of a release of claims against the Company and its affiliates in such reasonable form determined by the Company in its sole discretion. The payments due to the Executive under this Section VII shall be in lieu of any other severance benefits otherwise payable to the Executive under any severance plan of the Company or its affiliates.”

Conditions to Payment and Acceleration. In the event of a termination under this Section VIIVI, any Base Salary earned but unpaid as of the date of such termination shall be paid in accordance with Section IV(aIII(a), and any Annual Bonus Incentive Compensation Awards (including, if applicable, the 2009 Incentive Compensation Award) earned but unpaid as of the date of such termination shall be paid in accordance with Section IV(dIII(b). All payments due to the Executive under the first sentence of Section VII(a)(iVI(a) shall be made to the Executive in a lump sum no later than to the 60th day Executive within 60 days following the date of termination; provided, however, that such payment shall be subject to, and contingent upon, the execution by the Executive (or his beneficiary or estate) of a release of claims against the Company and its affiliates in such reasonable form determined by the Company in its sole discretion. The payments due to the Executive under this Section VII VI shall be in lieu of any other severance benefits otherwise payable to the Executive under any severance plan of the Company or its affiliates.”

Conditions to Payment and Acceleration. In the event of a termination under this Section VIIVI, any Base Salary earned but unpaid as of the date of such termination shall be paid in accordance with Section IV(aIII(a), and any Annual Bonus Incentive Compensation Awards earned but unpaid as of the date of such termination shall be paid in accordance with Section IV(d)the terms of any applicable plan. All payments due to the Executive under the first sentence of Section VII(a)(iVI(a) shall be made to the Executive in a lump sum no later than the 60th day following the date of termination; provided, however, that such payment shall be subject to, and contingent upon, the execution by the Executive (or his beneficiary or estate) of a release of claims against the Company and its affiliates in such reasonable form determined by the Company in its sole discretion. The payments due to the Executive under this Section VII VI shall be in lieu of any other severance benefits otherwise payable to the Executive under any severance plan of the Company or its affiliates.”