Common use of Payment of Severance Payment Clause in Contracts

Payment of Severance Payment. In the event that Officer is entitled to any Severance Payment pursuant to Paragraph 4.3 above, that portion of such Severance Payment that represents Base Salary shall be payable in monthly installments, and that portion of such Severance Payment that represents the Average Bonus shall be payable on the dates such amounts would have been paid had Officer continued in Company's employment for the Severance Period; provided, however, that in the event of a Termination Following a Change in Control (as defined in Paragraph 4.4(e) below), the Severance Payment shall be payable in a lump sum within ten (10) days following such termination.

Payment of Severance Payment. In the event that Officer the Board determines that Employee is entitled to any Severance Payment pursuant to Paragraph 4.3 abovePayment, that portion of such Severance Payment that represents Base Salary shall be payable in monthly installments, and that portion of such Severance Payment that represents the Average Bonus shall be payable on the dates such amounts would have been paid had Officer Employee continued in CompanyEmployer's employment for the Severance Period; provided, however, that in the event of a Termination Following a Change in Control (as defined in Paragraph 4.4(e) 4.04 below), the Severance Payment shall be payable in a lump sum within ten (10) days following such termination.

Payment of Severance Payment. In the event that Officer Employee is entitled to any Severance Payment pursuant to Paragraph 4.3 abovePayment, that portion of such Severance Payment that represents Base Salary shall be payable in monthly installments, and that portion of such Severance Payment that represents the Average Bonus shall be payable on the dates such amounts would have been paid had Officer Employee continued in Company's employment for the Severance Period; provided, however, that in the event of a Termination Following a Change in Control (as defined in Paragraph 4.4(e) 4.04 below), the Severance Payment shall be payable in a lump sum within ten (10) days following such termination.

Payment of Severance Payment. In the event that Officer is entitled to any Severance Payment pursuant to Paragraph 4.3 above, that portion of such Severance Payment that represents Base Salary shall be payable in monthly installments, and that portion of such Severance Payment that represents the Average Bonus shall be payable on the dates such amounts would have been paid had Officer continued in Company's employment for the Severance Period; provided, however, that in the event of a Termination Following a Change in Control (as defined in Paragraph 4.4(e) below), the Severance Payment shall be payable in a lump sum within ten (101 0) days following such termination.