Continuation of Payments. Upon Employee's death during said ten (10) year period of payments hereunder, the sum of Five Thousand Two Hundred Eight and 34/100 Dollars ($5,208.34) per month shall be paid to Employee's designated beneficiary or Employee's Estate, as applicable, beginning the first calendar month following the date of Employee's death and continuing thereafter until the expiration of said ten (10) year period. Once the Consultation and/or Noncompetition Payments are begun, whether paid by Employer or as otherwise provided herein, the maximum payment period under this Agreement is ten (10) years. Payments hereunder shall be payable each month without deductions and the recipient shall be solely responsible for all income and other taxes and assessments applicable on said payments.
Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of TWENTY-EIGHT THOUSAND SIX HUNDRED FIFTY-TWO and 22/100 Dollars ($28,652.22) per month shall be paid to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years.
Continuation of Payments. Upon Employee’s death during the original ten-year period of payments under Paragraphs 1 and 2 above, the sum of Eight Thousand Three Hundred Thirty-Three and 33/100 Dollars ($8,333.33) per month shall be paid to such individual or individuals as Employee shall have designated in writing as his beneficiary(ies) as provided in Paragraph 11 below or, in the absence of such designation, to Employee’s estate, as applicable, beginning the first calendar month following the date of Employee’s death and continuing thereafter until the expiration of said original ten-year period. Once the Deferred Compensation/Consultation Payments and Non-competition Payments have begun, whether paid by Employer or as otherwise provided herein, the maximum payment period under this Agreement shall be ten years. Payments hereunder shall be payable each month without deductions and the recipient shall be solely responsible for the payment of all income and other taxes and assessments, if any, applicable on those payments.
Continuation of Payments. Following Employee’s death during the ten-year period of payments under Paragraphs 1 and 2 or under Paragraph 3 above, the sum of THIRTY-THREE THOUSAND THREE HUNDRED THIRTY-SEVEN and 84/100 Dollars ($33,337.84) per month shall be paid to such individual or individuals as Employee shall have designated in writing as his beneficiary(ies) as provided in Paragraph 12 below or, in the absence of such designation, to Employee’s estate, as applicable, beginning the first calendar month following the date of Employee’s death and continuing thereafter until the expiration of the ten-year period. Once the Consultation Payments and Non-competition Payments have begun, whether paid by Employer or as otherwise provided herein, the maximum payment period under this Agreement shall be ten (10) years. Payments hereunder shall be payable each month without deductions and the recipient shall be solely responsible for the payment of all income and other taxes and assessments, if any, applicable on those payments. Notwithstanding the foregoing, if Employer determines that the Consultation Payments and/or Non-competition Payments are compensation such that the payments are subject to any and all applicable withholding, Social Security, employment, income and other taxes or assessments, if any, under the applicable tax law, said payment shall be subject to the required withholdings.
Continuation of Payments. Upon Employee's death during said ten (10) year period of payments hereunder, the sum of Eight Thousand Seven Hundred Thirty-Seven and 50/100 Dollars ($8,737.50) per month shall be paid to Employee's designated beneficiary or Employee's Estate, as applicable, beginning the first calendar month following the date of Employee's death and continuing thereafter until the expiration of said ten (10) year period. Once the Consultation and/or Noncompetition Payments are begun, whether paid by Employer or as otherwise provided herein, the maximum payment period under this Agreement is ten (10) years. Payments hereunder shall be payable each month without deductions and the recipient shall be solely responsible for all income and other taxes and assessments applicable on said payments."
5. All of the remaining terms and conditions of the Agreement which are not expressly amended by this Second Amendment shall remain in full force and effect.
Continuation of Payments. Acquirer shall be entitled to receive payment hereunder for any Acquirer Merchant as provided in this Agreement until the occurrence of any of the following events, whichever is earliest: (1) any such Acquirer Merchant voluntarily or involuntarily discontinues its use of the Program; (2) the Acquirer Merchant no longer uses the Acquirer’s services; or (3) the termination or expiration of this Agreement and any extension agreed to by the parties.
Continuation of Payments. Pending the outcome or resolution of any dispute between the Parties, Terex shall continue to pay to XxXxx all amounts, and provide on his behalf all benefits, due him under this Agreement.
Continuation of Payments. Unless the parties otherwise agree in writing, the Company shall continue to make payments as specified above in subparagraph 5(a) until the earlier of (i) the date of the Executive’s voluntary retirement on or after his sixty-fifth birthday, (ii) until May 31, 2010 or, if the Restricted Period is extended by the Company as provided in paragraph 7, then until May 31, 2011, (iii) until the date that is one hundred eighty days after the Company sends or delivers a written notice to the Executive that it is terminating this Agreement, or (iv) until the date that a Secondary Acquisition occurs. However, it is expressly agreed that the payments required by this Agreement shall continue until at least May 31, 2010, regardless of the Termination Date, except if the Terminating Event is a Secondary Acquisition (in which event, payments shall cease as of the first day of the calendar month following the date that the Secondary Acquisition is deemed to occur).
Continuation of Payments. Pending the outcome or resolution of any dispute between the Parties, Asyst shall continue to pay Executive all amounts, and provide on his or her behalf all benefits, expressly provided and due him or her under this Agreement.
Continuation of Payments. If the Executive shall become entitled to payments under the provisions of Sections 2 or 4 hereof and shall die before receiving all of the payments that he is entitled to receive, then the remaining payments shall be made to the Executive's Designated Beneficiary.
