Common use of Non-Compete/Non-Solicit Payment Clause in Contracts

Non-Compete/Non-Solicit Payment. The Company will pay you the Non-Compete/Non-Solicit Payment in the amount of $500,000. This amount will be paid to you in a lump sum as soon as administratively practicable following the date the Release becomes effective (but in no event later than the second regularly scheduled Company payroll date thereafter) to the extent it complies with the exceptions in Treas. Reg. Sections 1.409A-1(b)(4) (“short-term deferrals”) and (b)(9) (“separation pay plans,” including the exception under subparagraph (iii)), with any remaining amounts payable in approximately equal installments over the remainder of the period commencing on the Separation Date and ending six months thereafter, per the Company’s normal payroll practice.

Non-Compete/Non-Solicit Payment. The Company will pay you the Non-Compete/Non-Solicit Payment in the amount of $500,0002,000,000. This amount will be paid to you in a lump sum sum, and in accordance with wire instructions that you have provided to the Company, as soon as administratively reasonably practicable following the date the Release becomes effective (but in no event later than the second regularly scheduled Company payroll date thereafterfollowing the date the Release becomes effective) to the extent it complies with the exceptions in Treas. Reg. Sections 1.409A-1(b)(4) (“short-term deferrals”) and (b)(9) (“separation pay plans,” including the exception under subparagraph (iii)), with any remaining amounts payable in approximately equal installments over the remainder of the period commencing on the Separation Date and ending six months thereafter, per the Company’s normal payroll practice.

Non-Compete/Non-Solicit Payment. The Company will pay you the Non-Compete/Non-Solicit Payment in the amount of $500,000417,625. This amount will be paid to you in a lump sum as soon as administratively practicable following the date the Release becomes effective (but in no event later than the second regularly scheduled Company payroll date thereafter) to the extent it complies with the exceptions in Treas. Reg. Sections 1.409A-1(b)(4) (“short-term deferrals”) and (b)(9) (“separation pay plans,” including the exception under subparagraph (iii)), with any remaining amounts payable in approximately equal installments over the remainder of the period commencing on the Separation Date and ending six months thereafter, per the Company’s normal payroll practice.