Common use of Payment of Cash Benefits Clause in Contracts

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. 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 half 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 6 months beginning on the first regular payroll period following the payroll period in which the payment under paragraph 23(b)(1)(A)(i22(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)(i22(b)(1)(B)(i) is made.

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 within 15 business days following the 6-Month Delay; (ii) the remainder of the Standard Severance Amount will be paid, in substantially equal installments, through installments in accordance with the Company’s 's regular management payroll processes for 12 months beginning on the first regular payroll period following the payroll period in which as soon as administratively feasible after the payment under paragraph 23(b)(1)(A)(i22(b)(1)(A)(i) is made; and (iii) if, at the end of the 1218-month period following terminationSeparation from Service, 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 's highest annual target bonus in effect during the 12 months preceding the termination of Executive’s 's employment, minus any applicable or legally-required withholdings, and such payment will be paid within 15 business days following the end of the 18-month period following Executive's Separation from Service. (B) Any other 409A arrangement which provide provision of cash benefits that are subject to Section 409A and 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 within 15 business days following the Six6-Month Delay; and (ii) the remainder of the total cash benefit will be paid, in equal installments, through installments in accordance with the Company’s 's regular management payroll processes for 12 months beginning on the first regular payroll period the payroll period in which as soon as administratively feasible after the payment under paragraph 23(b)(1)(B)(i22(b)(1)(B)(i) is made.

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 within 15 business days following the 6-Month Delay; (ii) the remainder of the Standard Severance Amount will be paid, in substantially equal installments, through installments in accordance with the Company’s regular management payroll processes for 12 months beginning on the first regular payroll period following the payroll period in which as soon as administratively feasible after the payment under paragraph 23(b)(1)(A)(i22(b)(1)(A)(i) is made; and (iii) if, at the end of the 1218-month period following terminationSeparation from Service, 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, and such payment will be paid within 15 business days following the end of the 18-month period following Executive’s Separation from Service. (B) Any other 409A arrangement which provide provision of cash benefits that are subject to and not covered by applicable exceptions to Section 409A and 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 within 15 business days following the Six6-Month Delay; and (ii) the remainder of the total cash benefit will be paid, in equal installments, through installments in accordance with the Company’s regular management payroll processes for 12 months beginning on the first regular payroll period the payroll period in which as soon as administratively feasible after the payment under paragraph 23(b)(1)(B)(i22(b)(1)(B)(i) is made.