Common use of Payment to Executive Clause in Contracts

Payment to Executive. Following the eighth day after the execution of this Release by Executive, the Company agrees to pay to Executive the Severance Payments and reimburse Executive for COBRA premiums as provided under Section 5 of that certain Employment Continuity Agreement between Executive and the Company effective as of , less all required payroll tax withholdings. Executive agrees and acknowledges that these payments constitute consideration in addition to anything of value to which he or she would otherwise have been entitled absent the execution of this Agreement. Other than the payment of said amounts and any benefits due to Executive under existing retirement and fringe benefits plans in which Executive is a participant, in accordance with the terms of such plans, Executive shall not be entitled to any other payments or benefits from the Company.

Payment to Executive. Following the eighth day after the execution of this Release by Executive, the Company agrees to pay to Executive the Severance Payments and reimburse Executive for COBRA premiums as provided under Section 5 of that certain Employment Continuity Agreement between Executive and the Company effective as of , less all required payroll tax withholdings. Executive agrees and acknowledges that these payments constitute consideration in addition to anything of value to which she or he or she would otherwise have been entitled absent the execution of this Agreement. Other than the payment of said amounts and any benefits due to Executive under existing retirement and fringe benefits plans in which Executive is a participant, in accordance with the terms of such plans, Executive shall not be entitled to any other payments or benefits from the Company.

Payment to Executive. Following the eighth day after the execution of this Release by Executive, the Company agrees to pay to Executive the Severance Payments and reimburse Executive for COBRA premiums as provided under Section 5 4 of that certain Employment Continuity Agreement between Executive and the Company effective as of December 22, 2004, less all required payroll tax withholdings. Executive agrees and acknowledges that these payments constitute consideration in addition to anything of value to which he or she would otherwise have been entitled absent the execution of this Agreement. Other than the payment of said amounts and any benefits due to Executive under existing retirement and fringe benefits plans in which Executive is a participant, in accordance with the terms of such plans, Executive shall not be entitled to any other payments or benefits from the Company.

Payment to Executive. Following the eighth day after the execution of this Release by Executive, the Company agrees to pay to Executive the Severance Payments and reimburse Executive for COBRA premiums as provided under Section 5 4 of that certain Employment Continuity Agreement between Executive and the Company effective as of August 16, 2004, less all required payroll tax withholdings. Executive agrees and acknowledges that these payments constitute consideration in addition to anything of value to which he or she would otherwise have been entitled absent the execution of this Agreement. Other than the payment of said amounts and any benefits due to Executive under existing retirement and fringe benefits plans in which Executive is a participant, in accordance with the terms of such plans, Executive shall not be entitled to any other payments or benefits from the Company.