Interest on Delayed Payments. If payment of any benefit due to Executive under this Section 2 is not timely made, Executive shall be entitled to interest on the amount not timely paid at 120% of the applicable federal rate, compounded semi-annually, under Section 1274(d) of the Code determined at the time the Change in Control occurs, such interest to accrue from the date such payment is due through the date of payment thereof.
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Samples: Executive Severance Agreement (Eskimo Pie Corp), Executive Severance Agreement (Eskimo Pie Corp), Executive Severance Agreement (Eskimo Pie Corp)
Interest on Delayed Payments. If payment of any benefit due to Executive under this Section 2 is not timely made, Executive shall be entitled to interest on the amount not timely paid at 120% of the applicable federal rate, compounded semi-annually, under Section 1274(d) of the Code determined at the time Sale of the Change in Control Flavors Division occurs, such interest to accrue from the date such payment is due through the date of payment thereof.
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