Payment and Cure. If the Company defaults in timely payment on the due date of any payment or amount due under this Agreement, the Executive shall give written notice of such default to the person specified in or pursuant to this Agreement to receive notice on behalf of the Company. The Company shall have ten (10) days after the receipt of such a notice of default to cure any payment default.
Appears in 2 contracts
Samples: Release Agreement (QNB Corp), Release Agreement (QNB Corp)
Payment and Cure. If the Company defaults in timely payment on the due date of any payment or amount due under this Agreement, the Executive shall give written notice of such default to the person specified in or pursuant to this Agreement to receive notice on behalf of the Company. The Company shall have ten thirty (1030) days after the receipt of such a notice of default to cure any payment default.
Appears in 2 contracts
Samples: Consulting and Separation Agreement, Consulting and Separation Agreement (EnerSys)
Payment and Cure. If the Company defaults in timely payment on the due date of any payment or amount due under this Agreement, the Executive shall give written notice of such default to the person specified in or pursuant to this Agreement to receive notice on behalf of the Company. The Company shall have ten five (105) days after the receipt of such a notice of default to cure any payment default, and such cure shall include payment of interest at the annual rate of 8% on the overdue amount.
Appears in 1 contract
Samples: Separation and Consulting Agreement (Sovereign Bancorp Inc)
