Interest on Delayed Payments. If payment or provision of any benefit due to you under this Agreement is not timely made, you 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 Sale of the Business relating to your employment occurs, such interest to accrue from the date such benefit is due through the date of payment or provision thereof.
Appears in 6 contracts
Samples: Executive Retention Bonus and Severance Agreement (Eskimo Pie Corp), Executive Retention Bonus and Severance Agreement (Eskimo Pie Corp), Executive Retention Bonus and Severance Agreement (Eskimo Pie Corp)
