Common use of Termination Form and Timing of Severance Benefits Clause in Contracts

Termination Form and Timing of Severance Benefits. The Severance Benefits described in Sections 2.3(a), 2.3(b), 2.3(c) and 2.3(d) herein and the lump sum payments described in Section 2.3(g)(ii) herein shall be paid in cash to the Executive in a single lump sum as soon as practicable following the date of Separation from Service, but in no event later than ten (10) calendar days from the date a Release has been executed by Executive following Separation of Service. The Severance Benefits described in Sections 2.3(e) and (f) shall be paid as described in such Sections. Notwithstanding the foregoing, to the extent required by Code §409A, all or a portion of such payments shall be delayed to the date that is the first pay date which is six months after the date of Separation from Service or, if earlier, the Executive’s death. The lump sum payment described in Section 2.3(g)(i)(B) herein, if applicable, shall be paid in cash to the Executive in a single lump sum on the first day of the thirteenth (13th) month following the date of Separation from Service.

Termination Form and Timing of Severance Benefits. The Severance Benefits described in Sections 2.3(a), 2.3(b), 2.3(c) and 2.3(d) herein and the lump sum payments described in Section Sections 2.3(g)(i)(B) and 2.3(g)(ii) herein shall be paid in cash to the Executive in a single lump sum as soon as practicable following the date of Separation from Service, but in no event later than ten (10) calendar days from the effective date of a Release that has been executed by Executive following Separation of Service. The Severance Benefits described in Sections 2.3(e) and (f) shall be paid as described in such Sections. Notwithstanding the foregoing, to the extent required by Code §409A, all or a portion of such payments shall be delayed to the date that is the first pay date which is six months after the date of Separation from Service or, if earlier, the Executive’s death. The lump sum payment described in Section 2.3(g)(i)(B2.3(g)(i)(C) herein, if applicable, shall be paid in cash to the Executive in a single lump sum on the first day of the thirteenth nineteenth (13th19th) month following the date of Separation from Service.

Termination Form and Timing of Severance Benefits. The Severance Benefits described in Sections 2.3(a), 2.3(b), 2.3(c) and 2.3(d) herein and the lump sum payments described in Section 2.3(g)(ii) herein shall be paid in cash to the Executive in a single lump sum as soon as practicable following the date of Separation from Service, but in no event later than ten (10) calendar days from the effective date of a Release that has been executed by Executive following Separation of Service. The Severance Benefits described in Sections 2.3(e) and (f) shall be paid as described in such Sections. Notwithstanding the foregoing, to the extent required by Code §409A, all or a portion of such payments shall be delayed to the date that is the first pay date which is six months after the date of Separation from Service or, if earlier, the Executive’s death. The lump sum payment described in Section 2.3(g)(i)(B) herein, if applicable, shall be paid in cash to the Executive in a single lump sum on the first day of the thirteenth (13th) month following the date of Separation from Service.

Termination Form and Timing of Severance Benefits. The Severance Benefits described in Sections 2.3(a), 2.3(b), 2.3(c) and 2.3(d) herein and the lump sum payments described in Section Sections 2.3(g)(i)(B) and 2.3(g)(ii) herein shall be paid in cash to the Executive in a single lump sum as soon as practicable following the date of Separation from Service, but in no event later than ten (10) calendar days from the date a Release has been executed by Executive following Separation of Service. The Severance Benefits described in Sections 2.3(e) and (f) shall be paid as described in such Sections. Notwithstanding the foregoing, to the extent required by Code §409A, all or a portion of such payments shall be delayed to the date that is the first pay date which is six months after the date of Separation from Service or, if earlier, the Executive’s death. The lump sum payment described in Section 2.3(g)(i)(B2.3(g)(i)(C) herein, if applicable, shall be paid in cash to the Executive in a single lump sum on the first day of the thirteenth nineteenth (13th19th) month following the date of Separation from Service.