Common use of Payment Period Clause in Contracts

Payment Period. Payment Period" means the period beginning on the later of the Change of Control Date or the date of Executive's termination of employment during the Change Period and continuing for the number of months specified in Appendix A; provided, however, if Executive's employment terminates after a Change of Control (or, in the case of a transaction described in Paragraph 2(d)(4) or 2(d)(5), the later effective date of such transaction), the number of months in the Payment Period shall be reduced by one for each full calendar month before the effective date of Executive's termination of employment occurring after the most recent Change of Control Date (or, in the case of a transaction described in Paragraph 2(d)(3) or (4), the later effective date of such transaction) before such termination date.

Payment Period. Payment Period" means the period beginning on -------------- the later of the Change of Control Date or the date of Executive's termination of employment during the Change Period and continuing for the number of months specified in Appendix A; provided, however, if Executive's employment terminates after a Change of Control (or, in the case of a transaction described in Paragraph 2(d)(4) or 2(d)(5), the later effective date of such transaction), the number of months in the Payment Period shall be reduced by one for each full calendar month before the effective date of Executive's termination of employment occurring after the most recent Change of Control Date (or, in the case of a transaction described in Paragraph 2(d)(3) or (4), the later effective date of such transaction) before such termination date.

Payment Period. Payment Period" means the period beginning on the -------------- later of the Change of Control Date or the date of Executive's termination of employment during the Change Period and continuing for the number of months specified in Appendix A; provided, however, if Executive's employment terminates after a Change of Control (or, in the case of a transaction described in Paragraph 2(d)(4) or 2(d)(5), the later effective date of such transaction), the number of months in the Payment Period shall be reduced by one for each full calendar month before the effective date of Executive's termination of employment occurring after the most recent Change of Control Date (or, in the case of a transaction described in Paragraph 2(d)(3) or (4), the later effective date of such transaction) before such termination date.

Payment Period. Payment Period" means the period -------------- beginning on the later of the Change of Control Date or the date of Executive's termination of employment during the Change Period and continuing for the number of months specified in Appendix A; provided, however, if Executive's employment terminates after a Change of Control (or, in the case of a transaction described in Paragraph 2(d)(4) or 2(d)(5), the later effective date of such transaction), the number of months in the Payment Period shall be reduced by one for each full calendar month before the effective date of Executive's termination of employment occurring after the most recent Change of Control Date (or, in the case of a transaction described in Paragraph 2(d)(3) or (4), the later effective date of such transaction) before such termination date.