Common use of Interest After Dispute Settled Clause in Contracts

Interest After Dispute Settled. If a purported termination occurs following a Change in Control and during the term of this Agreement, and such termination is disputed in accordance with Section 7.3 hereof, then if such dispute is resolved by payment to the Executive of any cash payment, the Company shall in addition pay the Executive interest at 10% per annum on all such cash ultimately paid to the Executive as a result of settlement of any such dispute from the Date of Termination.

Appears in 4 contracts

Samples: Severance Protection Agreement (Vanguard Health Systems Inc), Form of Severance Protection Agreement (Vanguard Health Systems Inc), Severance Protection Agreement (VHS of Anaheim Inc)

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