Common use of Payment of Severance Payment Clause in Contracts

Payment of Severance Payment. The Severance Payment will be paid in a single lump sum cash payment after the date that is 60 days after the Date of Termination, but in no event later than the date that is 70 days after the Date of Termination.

Appears in 3 contracts

Samples: Severance Agreement (Black Stone Minerals, L.P.), Severance Agreement (Black Stone Minerals, L.P.), Severance Agreement (Black Stone Minerals, L.P.)

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Payment of Severance Payment. The Severance Payment will be paid in a single lump sum cash payment on the Company’s first regularly scheduled pay date that is on or after the date that is 60 days after the Date of Termination, but in no event later than the date that is 70 days after the Date of Termination.

Appears in 1 contract

Samples: Retention, Confidentiality and Non Compete Agreement (Group 1 Automotive Inc)

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