Manner of Reduction. If the determination made pursuant to Section 5.1 results in a reduction of the payments that would otherwise be paid to the Executive except for the application of Section 5.1, the Executive may then elect, in his sole discretion, which and how much of any particular entitlement shall be eliminated or reduced and shall advise the Company in writing of his election within ten (10) days of the determination of the reduction in payments. If no such election is made by the Executive within such ten-day period, the Company may elect which and how much of any entitlement shall be eliminated or reduced and shall notify the Executive promptly of such election.
Appears in 4 contracts
Samples: Severance Protection Agreement (Superior Uniform Group Inc), Severance Protection Agreement (Superior Uniform Group Inc), Severance Protection Agreement (Superior Uniform Group Inc)
