Common use of Effect of Lump Sum Payment Clause in Contracts

Effect of Lump Sum Payment. The lump sum payment under (a) or (b) above shall not alter the amounts Executive is entitled to receive under the benefit plans described in this section. Benefits under such plans shall be determined as if Executive had remained employed and received such payments over the Severance Period.

Effect of Lump Sum Payment. The lump sum payment under (a) or (b) above shall not alter the amounts Executive is entitled to receive under the benefit plans described in this section(c) and (d) above. Benefits under such plans shall be determined as if Executive had remained employed and received such payments without reduction for their Present Value over the Severance Perioda period of twenty-four (24) months.

Effect of Lump Sum Payment. The lump sum payment payments under subsections (a) or and (b) above shall not alter the amounts Executive is entitled to receive under the benefit plans described in this sectionsubsections (c) and (d). Benefits under such plans shall be determined as if Executive had remained employed and received such payments monthly over the Severance Period.

Effect of Lump Sum Payment. The lump sum payment under (a) or (b) above shall not alter the amounts Executive is entitled to receive under the benefit plans described in this section(c) above. Benefits under such plans shall be determined as if Executive had remained employed and received such payments without reduction for their Present Value over the Severance Perioda period of thirty-six (36) months.

Effect of Lump Sum Payment. The lump sum payment payments under (ai) or (bii) above shall not alter the amounts Executive is entitled to receive under the benefit plans described in this section(iv) above. Benefits under such plans shall be determined as if Executive had remained employed and received such payments over the Severance Perioda period of thirty-six (36) months.

Effect of Lump Sum Payment. The lump sum payment under (a) or (b) above shall not alter the amounts the Executive is entitled to receive under the benefit plans described in this section(c) and (d) above. Benefits under such plans shall be determined as if the Executive had remained employed and received such payments over the Severance Perioda period of thirty (30) months.

Effect of Lump Sum Payment. The lump sum payment under (aA) or (bB) above shall not alter the amounts Executive is entitled to receive under the benefit plans described in this section. Benefits under such plans shall be determined as if Executive had remained employed and received such payments over the Severance Period.in

Effect of Lump Sum Payment. The lump sum payment under (a) or (b) -------------------------- above shall not alter the amounts Executive is entitled to receive under the benefit plans described in this section(c) above. Benefits under such plans shall be determined as if Executive had remained employed and received such payments without reduction for their Present Value over the Severance Perioda period of thirty-six (36) months.

Effect of Lump Sum Payment. The Any lump sum payment under subsections (a) or (b) above shall not alter the amounts Executive is entitled to receive under the benefit plans described in this section. Benefits For this purpose, benefits under such plans shall be determined as if Executive had remained employed and received such payments monthly over the Severance Period.

Effect of Lump Sum Payment. The lump sum payment under (a) or (b) above shall not alter the amounts Executive is entitled to receive under the benefit plans described in this section. Benefits under such plans shall be determined as if Executive had remained employed and received such payments over the Severance Period. The lump sum payments under subsections (a), (b) (c) and (d) above are intended to satisfy the “short-term deferral exception” of Section 409A of the Code.

Effect of Lump Sum Payment. The Any lump sum payment made under subsection (a) or (b) above shall not alter the amounts the Executive is entitled to receive under the benefit plans Benefits described in this sectionsubsection (c) above. Benefits under such plans shall be determined as if the Executive had remained employed and received such payments over for and during the Severance Period, unless the terms of the particular plans or applicable law specifically prohibit such treatment of such payments.

Effect of Lump Sum Payment. The lump sum payment under (a) or (b) above shall not alter the amounts Executive is entitled to receive under the benefit plans described in this section. Benefits under such plans shall be determined as if Executive had remained employed and received such payments over the Severance Period.period, as determined in Section 5.1, whichever is applicable. (f)