Other Provisions Applicable to Payments. Any amounts due under this Section 3 and not paid when due shall bear interest (compounded annually) for the period from and including the date payable to but excluding the date paid at a rate per annum equal to the sum of (x) four percent and (y) the rate publicly announced by BankBoston, N.A. as its "prime rate."
Appears in 11 contracts
Samples: Executive Severance Agreement (California Tire Co), Executive Severance Agreement (Heafner Tire Group Inc), Executive Severance Agreement (Heafner Tire Group Inc)