Common use of Payment of Benefits Clause in Contracts

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Termination Date, or (ii) upon Xx. Xxxxxx'x tender of an effective Waiver and Release to the Company in the form of Exhibit A attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 4 contracts

Samples: Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co)

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Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Xxxxxxxxx'x Termination Date, or (ii) upon Xx. Xxxxxx'x Xxxxxxxxx'x tender of an effective Waiver and Release to the Company in the form of Exhibit A attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 3 contracts

Samples: Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Xxxxxxx'x Termination Date, or (ii) upon Xx. Xxxxxx'x Xxxxxxx'x tender of an effective Waiver and Release to the Company in the form of Exhibit A attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 2 contracts

Samples: Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Xxxxxxxx'x Termination Date, or (ii) upon Xx. Xxxxxx'x Xxxxxxxx'x tender of an effective Waiver and Release to the Company in the form of Exhibit A attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 2 contracts

Samples: Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Mr. Wakefield's Termination Date, or (ii) upon XxMx. Xxxxxx'x Xxxxxxxxx'x tender of an effective Waiver and Release to the anx Xxxxxxx xx xxe Company in the form of Exhibit A B attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Xxxxx'x Termination Date, or (ii) upon Xx. Xxxxxx'x Xxxxx'x tender of an effective Waiver and Release to the Company in the form of Exhibit A attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Mr. Boren's Termination Date, or (ii) upon Xx. Xxxxxx'x tender of Mr. Xxxxx'x xxxxxx xx an effective Waiver and Release to Xxxxxxx xx the Company in the form of Exhibit A B attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: : (i) Xx. Xxxxxx'x Xxxxxxxx'x Termination Date, or or (ii) upon Xx. Xxxxxx'x Xxxxxxxx'x tender of an effective Waiver and Release to the Company in the form of Exhibit A attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Mr. Dahlberg's Termination Date, or (ii) upon Xx. Xxxxxx'x tender Mr. Xxxxxxxx'x xender of an effective Waiver and Release to the Xxxxxxx xx xxe Company in the form of Exhibit A B attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Mr. Ratcliffe's Termination Date, or (ii) upon XxMx. Xxxxxx'x Xxxxxxxxx'x tender of an effective Waiver and Release to the anx Xxxxxxx xx xxe Company in the form of Exhibit A B attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Mr. Franklin's Termination Date, or (ii) upon Xx. Xxxxxx'x tender Mr. Xxxxxxxx'x xender of an effective Waiver and Release to the Xxxxxxx xx xxe Company in the form of Exhibit A B attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Mr. Bowers' Termination Date, or (ii) upon Xx. Xxxxxx'x tender of Mr. Bowers' xxxxxx xx an effective Waiver and Release to the Company tx xxx Xxxxany in the form of Exhibit A attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Gulf Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Mr. Ratcliffe's Termination Date, or (ii) upon Xx. Xxxxxx'x Xxxxxxxxx'x tender of an effective Waiver and Release to the Xxxxxxx xx xhe Company in the form of Exhibit A attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Southern Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Mr. Bowden's Termination Date, or (ii) upon Xx. Mr. Xxxxxx'x tender of xxxxxx xx an effective Waiver and Release to the Rxxxxxx xx xxe Company in the form of Exhibit A B attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

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Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Mr. Farris's Termination Date, or (ii) upon Xx. Mr. Xxxxxx'x tender of xxxxxx xx an effective Waiver and Release to the Rxxxxxx xx xxe Company in the form of Exhibit A B attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Mr. Garrett's Termination Date, or (ii) upon Xx. Xxxxxx'x tender of Mr. Garrexx'x xxxxxx xf an effective Waiver and Release to the Company in Releasx xx xxx Xxxxxxx xx the form of Exhibit A attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Gulf Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x XxXxxxx'x Termination Date, or (ii) upon Xx. Xxxxxx'x XxXxxxx'x tender of an effective Waiver and Release to the Company in the form of Exhibit A attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Mr. Franklin's Termination Date, or (ii) upon Xx. Xxxxxx'x Xxxxxxxx'x tender of an effective Waiver and Release to axx Xxxxxxx xx the Company in the form of Exhibit A attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Southern Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Mr. Bowers' Termination Date, or (ii) upon Xx. Xxxxxx'x tender Mr. Bowerx' xxxxxx of an effective Waiver and Release to the Company xxx Xompany in the form of Exhibit A attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Southern Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Mr. DeNicola's Termination Date, or (ii) upon Xx. Xxxxxx'x tender Mr. XxXxxxxx'x xender of an effective Waiver and Release to the Xxxxxxx xx xxe Company in the form of Exhibit A B attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Mr. Garrett's Termination Date, or (ii) upon Xx. Xxxxxx'x tender of an Mr. Garrett's xxxxxx xx xx effective Waiver and Release to the Company xxx Xxxxxxx in the form of Exhibit A attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Gulf Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Mr. Franklin's Termination Date, or (ii) upon Xx. Xxxxxx'x tender of Mr. Franklix'x xxxxxx xx an effective Waiver and Release to the Company xx xxx Xxxxxxx in the form of Exhibit A B attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

Payment of Benefits. Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Mr. Westbrook's Termination Date, or (ii) upon XxMx. Xxxxxx'x Xxxxxxxxx'x tender of an effective Waiver and Release to the anx Xxxxxxx xx xxe Company in the form of Exhibit A B attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

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