Common use of Payment of Retirement Compensation Clause in Contracts

Payment of Retirement Compensation. (i) Within five business days after the date on which the BE Aerospace, Inc. Executive Compensation Trust II dated April 21, 1999, as amended, is terminated (the “Distribution Date”), the Company will distribute the amount of Retirement Compensation that would have been payable to Executive under Section 7.6.1 as of the Distribution Date, based on his years of service through the Distribution Date and his then Specified Annual Salary.

Appears in 3 contracts

Samples: Employment Agreement (B/E Aerospace Inc), Employment Agreement (Be Aerospace Inc), Employment Agreement (Be Aerospace Inc)

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Payment of Retirement Compensation. (i) Within five business days after the date on which the BE Aerospace, Inc. Executive Compensation Trust II dated April 21, 1999, as amended, is terminated (the "Distribution Date"), the Company will distribute the amount of Retirement Compensation that would have been payable to Executive under Section 7.6.1 as of the Distribution Date, based on his years of service through the Distribution Date and his then Specified Annual Salary.

Appears in 1 contract

Samples: Employment Agreement (Be Aerospace Inc)

Payment of Retirement Compensation. (i) Within five business days after the date on which the BE Aerospace, Inc. Executive Compensation Trust II dated April 21, 1999, as amended, is terminated (the "Distribution Date"), the Company will distribute the amount of Retirement Compensation that would have been payable to the Executive under Section 7.6.1 7.6(a) as of the Distribution Date, based on his years of service through the Distribution Date and his then Specified Highest Annual Salary.

Appears in 1 contract

Samples: Employment Agreement (Be Aerospace Inc)

Payment of Retirement Compensation. (i) Within five business days after the date on which the BE Aerospace, Inc. Executive Compensation Trust II dated April 21, 1999, as amended, is terminated (the "Distribution Date"), the Company will distribute the amount of Retirement Compensation that would have been payable to Executive under Section 7.6.1 as of the Distribution Date, based on his years of service through the Distribution Date and his then Specified Highest Annual Salary.

Appears in 1 contract

Samples: Employment Agreement (Be Aerospace Inc)

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Payment of Retirement Compensation. (i) Within five business days after the date on which the BE Aerospace, Inc. Executive Compensation Trust II dated April April 21, 1999, as amended, is terminated (the "Distribution Date"), the Company will distribute the amount of Retirement Compensation that would have been payable to Executive under Section 7.6.1 as of the Distribution Date, based on his years of service through the Distribution Date and his then Specified Highest Annual Salary.

Appears in 1 contract

Samples: Employment Agreement (Be Aerospace Inc)

Payment of Retirement Compensation. (i) Within five business days after the date on which with the BE Aerospace, Inc. Executive Compensation Trust II dated April 21, 1999, as amended, is terminated (the "Distribution Date”)", the Company will distribute the amount of Retirement Compensation that would have been payable to the Executive under Section 7.6.1 7.6(a) as of the Distribution Date, based on his years of service through the Distribution Date and his then Specified Highest Annual Salary.

Appears in 1 contract

Samples: Employment Agreement (Be Aerospace Inc)

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