Payment of Cash Benefits Sample Clauses

Payment of Cash Benefits. Any cash payment hereunder to Executive, including, but not limited to the Standard Severance Amount, shall be paid according to the following provisions: (A) the Standard Severance Amount shall be paid out as follows: (i) a lump sum payment equal to one-third of the Standard Severance Amount will be paid as soon as administratively practicable following the 6-Month Delay; (ii) the remainder of the Standard Severance Amount will be paid, in substantially equal installments, through the Company’s regular management payroll processes for 12 months beginning on the first regular payroll period following the payroll period in which the payment under paragraph 23(b)(1)(A)(i) is made; and (iii) if, at the end of the 12-month period following termination, Executive has not breached or threatened to breach any part of this Agreement, Executive also will receive a lump-sum payment equal to one and one half times Executive’s highest annual target bonus in effect during the 12 months preceding the termination of Executive’s employment, minus any applicable or legally-required withholdings. (B) Any other 409A arrangement which provide cash benefits that are payable before the 6-Month Delay shall be paid as follows: (i) a lump sum payment equal to one-third of the total cash benefit will be paid as soon as administratively feasible following the Six-Month Delay; and (ii) the remainder of the total cash benefit will be paid, in equal installments, through the Company’s regular management payroll processes for 12 months beginning on the first regular payroll period the payroll period in which the payment under paragraph 23(b)(1)(B)(i) is made.

Payment of Cash Benefits. The competent institution shall pay the benefits referred to in Article 17 of the Agreement on Social Security to the beneficiary directly.

Payment of Cash Benefits. The competent institutions shall pay cash benefits defined in Article 26 of the Agreement to the insured person directly.

Payment of Cash Benefits. Any cash payment otherwise due to the Executive under this Agreement upon Separation from Service shall be paid in a lump sum, minus any applicable or legally-required withholdings, as soon as administratively practicable following the 6-Month Delay.

Payment of Cash Benefits. If you elect this benefit at the time of claim, we will pay a Cash Benefit each month you are Chronically Ill. The amount of the Cash Benefit to be paid each month is shown in the Policy Schedule. The Cash Benefit is a fixed monthly indemnity benefit that pays a lesser monthly benefit than other policy benefits for which you may be eligible. However, unlike other policy benefits, the Cash Benefit is not subject to an Elimination Period and proof of you incurring Eligible Expenses is not required. A Cash Benefit will be paid in advance each month you are eligible for a Cash Benefit. If we determine you are eligible for a Cash Benefit for less than an entire month, we will adjust the Cash Benefit for that month. The Cash Benefit will be prorated based on the actual number of days you are eligible for a Cash Benefit in such month. We will assume that such month consists of 30 days regardless of the actual number of days in such month. If in any month you receive a Cash Benefit in excess of the amount for which you are eligible, we will reduce any future benefits paid to you under the policy by the amount of the unearned Cash Benefit.