Common use of Special Payment Clause in Contracts

Special Payment. If the Executive's employment is terminated without Cause or by the Executive for Good Reason during the Change of Control Extension Period, the Executive will receive the compensation and benefits already required under the provisions of this Agreement, other than under Section 5(a)(i)(B), and, in lieu of the payments set forth in Section 5(a)(i)(B), the Executive will receive 2.5 times the sum of the Executive's Annual Base Salary and the Severance Bonus (the "Special Payment"), payable in a lump sum within 30 days after the Date of Termination.