Common use of Payment of the Severance Benefit Clause in Contracts

Payment of the Severance Benefit. The Company shall pay the Severance Benefit to the Executive in a single lump sum in immediately available funds, in United States Dollars, within five business days after the Change of Control Date or the Termination Date, as applicable.

Appears in 5 contracts

Samples: Employment Agreement (Sunset Financial Resources Inc), Employment Agreement (Sunset Financial Resources Inc), Employment Agreement (Sunset Financial Resources Inc)

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Payment of the Severance Benefit. The Company shall pay the Severance Benefit to the Executive (i) in a single lump sum in immediately available funds, in United States Dollars, within five business days after the Change of Control Date Date; or (ii) in all other circumstances, in 12 equal monthly installments following the Termination Date, as applicable.

Appears in 2 contracts

Samples: Employment Agreement (Sunset Financial Resources Inc), Employment Agreement (Sunset Financial Resources Inc)

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Payment of the Severance Benefit. The Company shall pay the Severance Benefit to the Executive in a single lump sum in immediately available funds, in United States Dollars, within five business days after the Change of Control Date or the Termination Date, as applicable.. (e)

Appears in 2 contracts

Samples: Employment Agreement (Camden Property Trust), Employment Agreement (Camden Property Trust)

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