Common use of Pay in Lieu of Continued Employee Benefits Clause in Contracts

Pay in Lieu of Continued Employee Benefits. In lieu of continued employee benefits (other than as statutorily required, such as COBRA continuation coverage as required by law), Executive shall receive payments of three thousand dollars ($3,000) per month for twelve months from the date of employment termination in accordance with the payroll schedule applicable to active officers of the Company (subject to the timing provisions of Sections 3(g) and 8 of this Agreement).

Pay in Lieu of Continued Employee Benefits. In lieu of continued employee benefits (other than as statutorily required, such as COBRA continuation coverage as required by law), Executive shall receive payments of three thousand dollars ($3,000) per month for twelve eighteen months from the date of employment termination in accordance with the payroll schedule applicable to active officers of the Company (subject to the timing provisions of Sections 3(g) and 8 of this Agreement).

Pay in Lieu of Continued Employee Benefits. In If the Executive is subject to a Qualifying Termination, in lieu of continued employee benefits (other than as statutorily required, such as COBRA continuation coverage at Executive’s own expense as required by law), Executive shall receive payments of three thousand dollars ($3,000) 3,000 per month for twelve [ ] months from the date of employment termination Separation in accordance with the payroll schedule applicable to active officers of the Company beginning on the sixtieth (subject to 60th) day following the timing provisions of Sections 3(g) and 8 of this Agreement)Separation.

Pay in Lieu of Continued Employee Benefits. In If the Executive is subject to a Qualifying Termination, in lieu of continued employee benefits (other than as statutorily required, such as COBRA continuation coverage at Executive’s own expense as required by law), Executive shall receive payments of three thousand dollars ($3,000) 3,000 per month for twelve (12) months from the date of employment termination Separation in accordance with the payroll schedule applicable to active officers of the Company beginning on the sixtieth (subject to 60th) day following the timing provisions of Sections 3(g) and 8 of this Agreement)Separation.

Pay in Lieu of Continued Employee Benefits. In lieu of continued employee benefits (other than as statutorily required, such as COBRA continuation coverage as required by law), Executive shall receive payments of three thousand dollars ($3,000) per month for twelve eighteen (18) months from the date of employment termination in accordance with the payroll schedule applicable to active officers of the Company (Company, subject to the timing provisions of Sections 3(g) and 8 of this Agreement).any delay required to avoid taxation under Section 409A.

Pay in Lieu of Continued Employee Benefits. In lieu of continued employee benefits (other than as statutorily required, such as COBRA continuation coverage as required by law), Executive shall receive payments of three thousand dollars ($3,000) per month for twelve eighteen (18) months from the date of employment termination in accordance with the payroll schedule applicable to active officers of the Company (Company, subject to the timing provisions of Sections 3(gSection 9(c) and 8 of this Agreement).any delay required to avoid taxation under Section 409A.

Pay in Lieu of Continued Employee Benefits. In lieu of continued employee benefits (other than as statutorily required, such as COBRA continuation coverage as required by law), Executive shall receive payments of three thousand dollars ($3,000) per month for twelve (12) months from the date of employment termination in accordance with the payroll schedule applicable to active officers of the Company (Company, subject to the timing provisions of Sections 3(g) and 8 of this Agreement).any delay required to avoid taxation under Section 409A.

Pay in Lieu of Continued Employee Benefits. In lieu of continued employee benefits (other than as statutorily required, such as COBRA continuation coverage as required by law), Executive shall receive payments of three thousand dollars ($3,000) per month for twelve (12) months from the date of employment termination in accordance with the payroll schedule applicable to active officers of the Company (Company, subject to the timing provisions of Sections 3(gSection 9(c) and 8 of this Agreement).any delay required to avoid taxation under Section 409A.