Common use of Payments Commence Upon Early Retirement Date Clause in Contracts

Payments Commence Upon Early Retirement Date. In the event the Executive elects to Retire on a date which constitutes an Early Retirement Date, as defined in herein, then the Executive shall be entitled to be paid the Applicable Percentage of the Executive Benefit, as corresponds with the date of his Retirement. Payments shall commence on the first day of the month following the month in which the Executive Retires and shall continue for a period of one hundred and eighty (180) months.

Payments Commence Upon Early Retirement Date. In the event the Executive elects to Retire on a date which constitutes an Early Retirement Date, as defined in herein, then the Executive shall be entitled to be paid the Applicable Percentage of the Executive BenefitBenefits, as corresponds with the date of his Retirement. Payments shall commence described in Schedule B, in substantially equal monthly installments on the first day of each month, beginning with the month following the month in which the Executive Retires and shall continue Early Retirement Date occurs, payable until the Executive's death. The commencement date for a period of one hundred and eighty (180) monthspayments is subject to Paragraph 10 below."

Payments Commence Upon Early Retirement Date. In the event the Executive elects to Retire on a date which constitutes an Early Retirement Date, as defined in herein, then the Executive shall be entitled to be paid the Applicable Percentage of the Executive BenefitBenefits, as corresponds with the date of his Retirement. Payments shall commence described in Schedule B, in substantially equal monthly installments on the first day of each month, beginning with the month following the month in which the Executive Retires and shall continue Early Retirement Date occurs, payable until the Executive’s death. The commencement date for a period of one hundred and eighty (180) monthspayments is subject to Paragraph 10 below.”