Payment of Severance Payments. In the absence of a Hostile Take-Over, your Severance Payments will be made at bi-weekly intervals following your Termination. However, these payments will immediately terminate in the event you fail to abide by the restrictive covenants set forth in Paragraph 2.4. Should your Termination occur in connection with a Hostile Take-Over, the Severance Payments will be made to you in a lump sum payment within thirty (30) days after your Termination and the provisions of Paragraph 2.4 will not apply. All Severance Payments will be subject to the Company's collection of all applicable federal and state income and employment withholding taxes.
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