Penalty for Late or Refused Payment. If the Corporation refuses or fails to timely pay or provide the compensation and benefits specified in this Section 10 upon demand as provided in Section 17(c), and if such refusal or failure is not corrected within 10 business days after the Employee provides written notice to the Corporation concerning the refusal or failure, then the Corporation shall pay immediately to the Employee an additional amount equal to 50% of the Employee's Base Compensation. This provision shall apply only once.
Appears in 4 contracts
Samples: Employment Agreement (Airtouch Communications Inc), Employment Agreement (Airtouch Communications Inc), Employment Agreement (Airtouch Communications Inc)
Penalty for Late or Refused Payment. If the Corporation refuses or fails to timely pay or provide the compensation and benefits specified in this Section 10 upon demand as provided in Section 17(c19(c), and if such refusal or failure is not corrected within 10 business days after the Employee provides written notice to the Corporation concerning the refusal or failure, then the Corporation shall pay immediately to the Employee an additional amount equal to 50% of the Employee's Base Compensation. This provision shall apply only once.
Appears in 3 contracts
Samples: Employment Agreement (Airtouch Communications Inc), Employment Agreement (Airtouch Communications Inc), Employment Agreement (Airtouch Communications Inc)
Penalty for Late or Refused Payment. If the Corporation refuses or fails to timely pay or provide the compensation and benefits specified in this Section 10 upon demand as provided in Section 17(c), and if such refusal or failure is not corrected within 10 business days after the Employee provides written notice to the Corporation concerning the refusal or failure, then the Corporation shall pay immediately to the Employee an additional amount equal to 50% of the Employee's Base Compensation. This provision shall apply only once.to
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