Common use of Payment Period Clause in Contracts

Payment Period. The First Payment Period shall begin on the first pay day following the day you become entitled to the Severance Benefits under this Agreement (the “Severance Date”). The First Payment Period shall end 2 ½ months after the later of (i) the last day of the calendar year in which you have a termination of employment (either by the Company without Cause or you resign for Good Reason), or (ii) the last day of the fiscal year of the Company in which you have a termination of employment (either by the Company without Cause or you resign for Good Reason). If the amount you are due cannot be finally determined before the first bi-weekly installment payment, your bi-weekly installment payments will be calculated based on the minimum amount to which you are clearly entitled, as estimated in good faith by the Company. The amount shall be finally determined by the Company within thirty (30) days after the Severance Date and all future bi-weekly installments will be adjusted to reflect the final amount of cash Severance Benefits owed to you by the Company. In no event shall the aggregate amount of Payments in the First Payment Period exceed the Severance Benefits; and provided, that in no event shall a Payment be paid under this subsection (a) after the last day of the First Payment Period.

Payment Period. The First Payment Period shall begin on the first pay day following the day you become entitled to the Severance Benefits under this Agreement (the “Severance Date”). The First Payment Period shall end 2 ½ months after the later of (i) the last day of the calendar year in which you have a termination of employment (either by the Company without Cause or you resign for Good Reason), or (ii) the last day of the fiscal year of the Company in which you have a termination of employment (either by the Company without Cause or you resign for Good Reason). If the amount you are due cannot be finally determined before the first bi-weekly installment payment, payment your bi-weekly installment payments will be calculated based on the minimum amount to which you are clearly entitled, entitled as estimated in good faith by the Company. The amount shall be finally determined by the Company within thirty (30) days after the Severance Date and all future bi-weekly installments will be adjusted to reflect the final amount of cash Severance Benefits owed to you by the Company. In no event shall the aggregate amount of Payments in the First Payment Period exceed the Severance Benefits; and provided, provided that in no event shall a Payment be paid under this subsection (a) after the last day of the First Payment Period.

Payment Period. The First Payment Period shall begin on the first pay day following the day you become entitled to the Severance Benefits under this Agreement (the “Severance Date”). The First Payment Period shall shall. end 2 ½ months after the later of (i) the last day of the calendar year in which you have a termination of employment (either by the Company without Cause or you resign for Good Reason), or (ii) the last day of the fiscal year of the Company in which you have a termination of employment (either by the Company without Cause or you resign for Good Reason). If the amount you are due cannot be finally determined before the first bi-weekly installment payment, your bi-weekly installment payments will be calculated based on the minimum amount to which you are clearly entitled, as estimated in good faith by the Company. The amount shall be finally determined by the Company within thirty (30) days after the Severance Date and all future bi-weekly installments will be adjusted to reflect the final amount of cash Severance Benefits owed to you by the Company. In no event shall the aggregate amount of Payments in the First Payment Period exceed the Severance Benefits; and provided, that in no event shall a Payment be paid under this subsection (a) after the last day of the First Payment Period.

Payment Period. The First Payment Period shall begin on the first pay day following the day you become entitled to the Severance Benefits under this Agreement ({the “Severance Date”). The First Payment Period shall end 2 ½ months after the later of (i) the last day of the calendar year in which you have a termination of employment ({either by the Company without Cause or you resign for Good Reason), or (ii) the last day of the fiscal year of the Company in which you have a termination of employment (either by the Company without Cause or you resign for Good Reason). If the amount you are due cannot be finally determined before the first bi-weekly installment payment, your bi-weekly installment payments will be calculated based on the minimum amount to which you are clearly entitled, as estimated in good faith by the Company. The amount shall be finally determined by the Company within thirty (30) days after the Severance Date and all future bi-weekly installments will be adjusted to reflect the final amount of cash Severance Benefits owed to you by the Company. In no event shall the aggregate amount of Payments in the First Payment Period exceed the Severance Benefits; and provided, that in no event shall a Payment be paid under this subsection (a) after the last day of the First Payment Period.