Common use of Form and Timing Clause in Contracts

Form and Timing. Subject to Section 4.2 and 5.3: (a) the amounts payable under Sections 3.3(a), (b) and (c) will be paid in a lump sum on the 31st day following the Termination Date; (b) the amount payable under Section 3.3(d) will be paid in a lump sum at the same time that Management Incentive Awards are paid to employees generally for the year in which the Executive’s Separation from Service occurs, but in no event later than 2 1/2 months following the end of that year; and (c) the benefits due under Sections 3.3(e) and 3.3(f) will continue uninterrupted following the Executive’s Separation from Service (but will be discontinued if the requirements of Section 4.2 are not timely satisfied).

Appears in 3 contracts

Samples: Executive Severance Agreement (FMC Corp), Executive Severance Agreement (FMC Corp), Executive Severance Agreement (FMC Corp)

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Form and Timing. Subject to Section 4.2 and 5.3: (a) the amounts payable under Sections 3.3(a), (b) and (c) will be paid in a lump sum on the 31st day following the Termination Date; (b) the amount payable under Section 3.3(d) will be paid in a lump sum at the same time that Management Incentive Awards are paid to employees generally for the year in which the Executive’s Separation from Service occurs, but in no event later than 2 1/2 ½ months following the end of that year; and (c) the benefits due under Sections 3.3(e) and 3.3(f) will continue uninterrupted following the Executive’s Separation from Service (but will be discontinued if the requirements of Section 4.2 are not timely satisfied).

Appears in 3 contracts

Samples: Executive Severance Agreement (FMC Corp), Executive Severance Agreement (FMC Corp), Executive Severance Agreement (FMC Corp)

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Form and Timing. Subject to Section 4.2 and 5.3: (a) the amounts payable under Sections 3.3(a), (b) and (c) will be paid in a lump sum on the 31st day following the Termination Date; (b) the amount payable under Section 3.3(d) will be paid in a lump sum at the same time that Management Incentive Awards are paid to employees generally for the year in which the Executive’s Separation from Service occurs, but in no event later than 2 1/2 months following the end of that year; and (c) the benefits due under Sections 3.3(e) and 3.3(f3.3 (f) will continue uninterrupted following the Executive’s Separation from Service (but will be discontinued if the requirements of Section 4.2 are not timely satisfied).

Appears in 1 contract

Samples: Executive Severance Agreement

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