Payments from Account. If at the time of the termination of the Execu tive's employment with the Company and its affiliates, there is no election form in effect for the Executive, the Company shall pay him (or his estate, if applicable) the balance in his Account in a single lump-sum cash payment, as promptly as practicable following the 10th business day after the termination of the Executive's employment with the Company and its affiliates for any reason. In all other cases, the Company shall pay the Executive (or his beneficiary or beneficia xxxx, if applicable) the balance in his Account in accordance with the election form that is in effect for the Executive.
Appears in 6 contracts
Samples: Employment Agreement (Aeroflex Inc), Employment Agreement (Aeroflex Inc), Employment Agreement (Aeroflex Inc)
