Common use of Payment and Benefits Clause in Contracts

Payment and Benefits. (a) Commencing not later than thirty (30) days after the Triggering Event, and subject to Executive's compliance with Section 7 of this Agreement, the Company shall pay to Executive, in installments no less frequently than monthly, during the two year period following the Triggering Event (but not later than the last day of the Term of this Agreement), a monthly amount equal to one-twelfth (1/12) of Executive's total cash compensation received from the Company during the Company's fiscal year ended May 28, 2000 (including both base annual salary and bonus, if any). 2 The foregoing payments shall be reduced, to the extent necessary, so that the sum of payments made pursuant to this Section 4(a), when added to the total cash compensation to which the Executive is then entitled by virtue of other employment, will not excess, for any twelve (12) month period, the Executive's total cash compensation received from the Company during the Company's fiscal year ended May 28, 2000 (including both annual salary and bonus, if any).

Payment and Benefits. (a) Commencing not later than thirty (30) days after the Triggering Event, and subject to Executive's compliance with Section 7 of this Agreement, the Company shall pay to Executive, in installments no less frequently than monthly, during the two year period following the Triggering Event (but not later than the last day of the Term of this Agreement), a monthly amount equal to one-twelfth (1/12) of Executive's 2 total cash compensation received from the Company during the Company's fiscal year ended May 28, 2000 (including both base annual salary and bonus, if any). 2 The foregoing payments shall be reduced, to the extent necessary, so that the sum of payments made pursuant to this Section 4(a), when added to the total cash compensation to which the Executive is then entitled by virtue of other employment, will not excess, for any twelve (12) month period, the Executive's total cash compensation received from the Company during the Company's fiscal year ended May 28, 2000 (including both annual salary and bonus, if any).

Payment and Benefits. (a) Commencing not later than thirty (30) days after the Triggering Event, and 2 subject to Executive's compliance with Section 7 of this Agreement, the Company shall pay to Executive, in installments no less frequently than monthly, during the two year period following the Triggering Event (but not later than the last day of the Term of this Agreement), a monthly amount equal to one-twelfth (1/12) of Executive's total cash compensation received from the Company during the Company's fiscal year ended May 28, 2000 (including both base annual salary and bonus, if any). 2 The foregoing payments shall be reduced, to the extent necessary, so that the sum of payments made pursuant to this Section 4(a), when added to the total cash compensation to which the Executive is then entitled by virtue of other employment, will not excess, for any twelve (12) month period, the Executive's total cash compensation received from the Company during the Company's fiscal year ended May 28, 2000 (including both annual salary and bonus, if any).