Common use of Reduction of Payment Due To Earned Income Clause in Contracts

Reduction of Payment Due To Earned Income. The amount to be paid to Executive under this Section 9(c) shall be reduced by any income earned by Executive, whether paid to Executive immediately or deferred until a later date, during the applicable Severance Pay period from employment of any sort, including without limitation full, part time or temporary employment or work as an independent contractor or as a consultant; provided that, if Executive was a member of the board of directors of another company at the time of Executive’s termination, the amount of Severance Pay under this Section 9(c) shall not be reduced by any income earned by Executive during the applicable Severance Pay period due to Executive’s continued service in such capacity. Notwithstanding the foregoing, Executive’s Severance Pay to be paid under this Section 9(c) shall be not less than an amount to provide Executive with a gross monthly payment of $20,000.00 during the 36-month Severance Pay period. Executive agrees to promptly notify Wintrust if Executive obtains employment of any sort during the applicable Severance Pay period and to provide Wintrust with a copy of any W-2 or 1099 forms or other payroll or income records and a summary of contributions received under any deferred compensation arrangement.

Reduction of Payment Due To Earned Income. The amount to be paid to Executive of Severance Pay under this Section 9(c9(d) shall be reduced by any income earned by Executive, whether paid to Executive immediately or deferred until a later date, during the applicable Severance Pay period from employment of any sort, including without limitation full, part time or temporary employment or work as an independent contractor or as a consultant; provided that, if Executive was a member of the board of directors of another company at the time of Executive’s termination, the amount of Severance Pay under this Section 9(c9(d) shall not be reduced by any income earned by Executive during the applicable Severance Pay period due to Executive’s continued service in such capacity. Notwithstanding the foregoing, Executive’s Severance Pay to be paid under this Section 9(c9(d) shall be not less than an amount to provide Executive with a gross monthly payment of $20,000.00 during the 36-month Severance Pay period. Executive agrees to promptly notify Wintrust if Executive obtains employment of any sort during the applicable Severance Pay period and to provide Wintrust with a copy of any W-2 or 1099 forms or other payroll or income records and a summary of contributions received under any deferred compensation arrangement.

Reduction of Payment Due To Earned Income. The amount to be paid to Executive of Severance Pay under this Section 9(c9(e) shall be reduced by any income earned by Executive, whether paid to Executive immediately or deferred until a later date, during the applicable such Severance Pay period from employment of any sort, including without limitation full, part time or temporary employment or work as an independent contractor or as a consultant; provided that, if Executive was a member of the board of directors of another company at the time of Executive’s terminationConstructive Termination, the amount of Severance Pay under this Section 9(c9(e) shall not be reduced by any income earned by Executive during the applicable Severance Pay period due to Executive’s continued service in such capacity. Notwithstanding the foregoing, Executive’s Severance Pay to be paid under this Section 9(c9(e) shall be not less than an amount to provide Executive with a gross monthly payment of $$ 20,000.00 during the 36-month Severance Pay period. Executive agrees to promptly notify Wintrust if Executive he or she obtains employment of any sort during the applicable Severance Pay period and to provide Wintrust with a copy of any W-2 or 1099 forms or other payroll or income records and a summary of contributions received under any deferred compensation arrangement.

Reduction of Payment Due To Earned Income. The amount to be paid to Executive under this Section 9(c) shall also be reduced by any income earned by Executive, whether paid to Executive immediately or deferred until a later date, during the applicable Severance Pay period from employment of any sort, including without limitation full, part time or temporary employment or work as an independent contractor or as a consultant; provided that, if Executive was a member of the board of directors of another company at the time of Executive’s termination, the amount of Severance Pay under this Section 9(c) shall not be reduced by any income earned by Executive during the applicable Severance Pay period due to Executive’s continued service in such capacity. Notwithstanding the foregoing, Executive’s Severance Pay to be paid under this Section 9(c) shall be not less than an amount to provide Executive with a gross monthly payment of $20,000.00 8,333.34 during the 3624-month Severance Pay period. Executive agrees to promptly notify Wintrust Employer if Executive obtains employment of any sort during the applicable Severance Pay period and to provide Wintrust Employer with a copy of any W-2 or 1099 forms or other payroll or income records and a summary of contributions received under any deferred compensation arrangement.

Reduction of Payment Due To Earned Income. The amount to be paid to Executive of Severance Pay under this Section 9(c9(d) shall also be reduced by any income earned by Executive, whether paid to Executive immediately or deferred until a later date, during the applicable Severance Pay period from employment of any sort, including without limitation full, part time or temporary employment or work as an independent contractor or as a consultant; provided that, if Executive was a member of the board of directors of another company at the time of Executive’s termination, the amount of Severance Pay under this Section 9(c9(d) shall not be reduced by any income earned by Executive during the applicable Severance Pay period due to Executive’s continued service in such capacity. Notwithstanding the foregoing, Executive’s Severance Pay to be paid under this Section 9(c9(d) shall not be not less than an amount to provide Executive with a gross monthly payment of $20,000.00 8,333.34 during the 3624-month Severance Pay period. Executive agrees to promptly notify Wintrust Employer if Executive obtains employment of any sort during the applicable Severance Pay period and to provide Wintrust Employer with a copy of any W-2 or 1099 forms or other payroll or income records and a summary of any contributions received under any deferred compensation arrangement.

Reduction of Payment Due To Earned Income. The amount to be paid to Executive of Severance Pay under this Section 9(c9(e) shall be reduced by any income earned by Executive, whether paid to Executive immediately or deferred until a later date, during the applicable such Severance Pay period from employment of any sort, including without limitation full, part time or temporary employment or work as an independent contractor or as a consultant; provided that, if Executive was a member of the board of directors of another company at the time of Executive’s termination, the amount of Severance Pay under this Section 9(c9(e) shall not be reduced by any income earned by Executive during the applicable Severance Pay period due to Executive’s continued service in such capacity. Notwithstanding the foregoing, Executive’s Severance Pay to be paid under this Section 9(c9(e) shall not be not less than an amount to provide Executive with a gross monthly payment of $20,000.00 8,333.34 during the 3624-month Severance Pay period. Executive agrees to promptly notify Wintrust Employer if Executive obtains employment of any sort during the applicable Severance Pay period and to provide Wintrust Employer with a copy of any W-2 or 1099 forms or other payroll or income records and a summary of any contributions received under any deferred compensation arrangement.

Reduction of Payment Due To Earned Income. The amount to be paid to Executive of Severance Pay under this Section 9(c9(e) shall be reduced by any income earned by Executive, whether paid to Executive immediately or deferred until a later date, during the applicable such Severance Pay period from employment of any sort, including without limitation full, part time or temporary employment or work as an independent contractor or as a consultant; provided that, if Executive was a member of the board of directors of another company at the time of Executive’s termination, the amount of Severance Pay under this Section 9(c9(e) shall not be reduced by any income earned by Executive during the applicable Severance Pay period due to Executive’s continued service in such capacity. Notwithstanding the foregoing, Executive’s Severance Pay to be paid under this Section 9(c9(e) shall not be not less than an amount to provide Executive with a gross monthly payment of $20,000.00 $ 8,333.34 during the 3624-month Severance Pay period. Executive agrees to promptly notify Wintrust Employer if Executive obtains employment of any sort during the applicable Severance Pay period and to provide Wintrust Employer with a copy of any W-2 or 1099 forms or other payroll or income records and a summary of any contributions received under any deferred compensation arrangement.

Reduction of Payment Due To Earned Income. The amount to be paid to Executive of Severance Pay under this Section 9(c9(d) shall also be reduced by any income earned by Executive, whether paid to Executive immediately or deferred until a later date, during the applicable Severance Pay period from employment of any sort, including without limitation full, part time or temporary employment or work as an independent contractor or as a consultant; provided that, if Executive was a member of the board of directors of another company at the time of Executive’s termination, the amount of Severance Pay under this Section 9(c9(d) shall not be reduced by any income earned by Executive during the applicable Severance Pay period due to Executive’s continued service in such capacity. Notwithstanding the foregoing, Executive’s Severance Pay to be paid under this Section 9(c9(d) shall not be not less than an amount to provide Executive with a gross monthly payment of $20,000.00 8,333.34 during the 3624-month Severance Pay period. Executive agrees to promptly notify Wintrust Employer if Executive obtains employment of any sort during the applicable Severance Pay period and to provide Wintrust Employer with a copy of any W-2 W‑2 or 1099 forms or other payroll or income records and a summary of any contributions received under any deferred compensation arrangement.

Reduction of Payment Due To Earned Income. The amount to be paid to Executive of Severance Pay under this Section 9(c9(d) shall also be reduced by any income earned by Executive, whether paid to Executive immediately or deferred until a later date, during the applicable Severance Pay period from employment of any sort, including without limitation full, part time or temporary employment or work as an independent contractor or as a consultant; provided that, if Executive was a member of the board of directors of another company at the time of Executive’s termination, the amount of Severance Pay under this Section 9(c9(d) shall not be reduced by any income earned by Executive during the applicable Severance Pay period due to Executive’s continued service in such capacity. Notwithstanding the foregoing, Executive’s Severance Pay to be paid under this Section 9(c9(d) shall not be not less than an amount to provide Executive with a gross monthly payment of $20,000.00 8,333 34 during the 3624-month Severance Pay period. period Executive agrees to promptly notify Wintrust Employer if Executive obtains employment of any sort during the applicable Severance Pay period and to provide Wintrust Employer with a copy of any W-2 or 1099 forms or other payroll or income records and a summary of any contributions received under any deferred compensation arrangement.

Reduction of Payment Due To Earned Income. The amount to be paid to Executive under this Section 9(c) shall also be reduced by any income earned by Executive, whether paid to Executive immediately or deferred until a later date, during the applicable Severance Pay period from employment of any sort, including without limitation full, part time or temporary employment or work as an independent contractor or as a consultant; provided that, if Executive was a member of the board of directors of another company at the time of Executive’s termination, the amount of Severance Pay under this Section 9(c) shall not be reduced by any income earned by Executive during the applicable Severance Pay period due to Executive’s continued service in such capacity. Notwithstanding the foregoing, Executive’s Severance Pay to be paid under this Section 9(c) shall be not less than an amount to provide Executive with a gross monthly payment of $20,000.00 8,333.34 during the 3624-month Severance Pay period. Executive agrees to promptly notify Wintrust Employer if Executive obtains employment of any sort during the applicable Severance Pay period and to provide Wintrust Employer with a copy of any W-2 W‑2 or 1099 forms or other payroll or income records and a summary of contributions received under any deferred compensation arrangement.

Reduction of Payment Due To Earned Income. The amount to be paid to Executive of Severance Pay under this Section 9(c9(e) shall be reduced by any income earned by Executive, whether paid to Executive immediately or deferred until a later date, during the applicable such Severance Pay period from employment of any sort, including without limitation full, part time or temporary employment or work as an independent contractor or as a consultant; provided that, if Executive was a member of the board of directors of another company at the time of Executive’s termination, the amount of Severance Pay under this Section 9(c9(e) shall not be reduced by any income earned by Executive during the applicable Severance Pay period due to Executive’s continued service in such capacity. , Notwithstanding the foregoing, Executive’s Severance Pay to be paid under this Section 9(c9(e) shall not be not less than an amount to provide Executive with a gross monthly payment of $20,000.00 $ 8,333,34 during the 3624-month Severance Pay period. Executive agrees to promptly notify Wintrust Employer if Executive obtains employment of any sort during the applicable Severance Pay period and to provide Wintrust Employer with a copy of any W-2 or 1099 forms or other payroll or income records and a summary of any contributions received under any deferred compensation arrangement.