Common use of Payment Method and Duration Clause in Contracts

Payment Method and Duration. This annual Executive Benefit shall be paid in twelve (12) substantially equal monthly installments, with payments commencing on the first day of the first month following Executive’s Separation From Service and continuing until the death of Executive.

Payment Method and Duration. This annual Executive Benefit shall be paid in twelve (12) substantially equal monthly installments, with payments commencing on the first day of the first month following Executive’s Separation From Service Disability and continuing until the death of Executive.