Common use of Interest Amount Clause in Contracts

Interest Amount. If the Executive is a Specified Employee, the Company shall pay to the Executive, on the date that is six (6) months following the Executive’s Separation From Service, an amount equal to the amount of interest that would be earned on the amounts specified in Sections 3.2(a), 3.2(b), and 3.2(d) and, to the extent subject to a mandatory six-month delay in payment, the amounts specified in Sections 3.2(c), 3.2(e), 3.3 and 3.4, for the period commencing on the date of the Executive’s Separation From Service until the date of payment of such amounts, calculated using an interest rate equal to the six month London Interbank Offered Rate in effect on the date of the Executive’s Separation From Service plus two percentage points (the “Interest Amount”).

Interest Amount. If the Executive is a Specified Employee, the Company shall pay to the Executive, on the date that is six (6) months following the Executive’s 's Separation From Service, an amount equal to the amount of interest that would be earned on the amounts specified in Sections 3.2(a3.3(a), 3.2(b3.3(b), 3.3(c), 3.3(d) and 3.2(d3.3(f) and, to the extent subject to a mandatory six-month delay in payment, the amounts specified in Sections 3.2(c3(e), 3.2(e), 3.3 3(g) and 3.43.5, for the period commencing on the date of the Executive’s 's Separation From Service until the date of payment of such amounts, calculated using an interest rate equal to the six month London Interbank Offered Rate in effect on the date of the Executive’s 's Separation From Service plus two percentage points (the “Interest Amount”).