Common use of Payment of Remaining Benefits Clause in Contracts

Payment of Remaining Benefits. If a determination is made that the Eligible Employee’s Change in Control Severance Benefits provided in Section 3(c) must be reduced, payment of the remaining Change in Control Severance Benefits provided in Section 3(c) shall be made in a lump sum cash payment no later than 10 days after the latter of the Severance Date or the date the determination is made.

Appears in 9 contracts

Samples: Change in Control Severance Agreement (Trex Co Inc), Change in Control Severance Agreement (Trex Co Inc), Change in Control Severance Agreement (Trex Co Inc)

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