Common use of Time for Payment; Interest Clause in Contracts

Time for Payment; Interest. The Company will pay the Termination Payment to Employee concurrent with Employee's termination of employment. The Company's obligation to pay to Employee any amounts under this Section 8, including without limitation the Termination Payment, will bear interest at the maximum rate allowed by law until paid by the Company, and all accrued and unpaid interest will bear interest at the same rate, all of which interest will be compounded daily.

Time for Payment; Interest. The Company will pay the Termination Payment to Employee concurrent with Employee's termination of employment. The Company's obligation to pay to Employee any amounts under this Section 8, including without limitation the Termination PaymentPayment and any Gross Up Payment due under subsection (c), will bear interest at the maximum rate allowed by law until paid by the Company, and all accrued and unpaid interest will bear interest at the same rate, all of which interest will be compounded daily.

Time for Payment; Interest. The Company will pay the Termination Payment to Employee concurrent with Employee's termination of employment. The CompanyEmployer's obligation to pay to Employee any amounts under this Section 8, including without limitation the Termination PaymentPayment and any Gross Up Payment due under subsection (c), will bear interest at the maximum rate allowed by law until paid by the CompanyEmployer, and all accrued and unpaid interest will bear interest at the same rate, all of which interest will be compounded daily.

Time for Payment; Interest. The Company will pay the Termination Payment to Employee concurrent with Employee's termination of employment. The CompanyEmployer's obligation to pay to Employee any amounts under this Section 8, including without limitation the Termination PaymentPayment and any Gross Up Payment due under subsection (c), will bear interest at the maximum rate allowed by law until paid by the Company, and all accrued and unpaid interest will bear interest at the same rate, all of which interest will be compounded daily.

Time for Payment; Interest. The Company will pay the Termination Payment to Employee concurrent with Employee's termination of employment. The Company's obligation to pay to Employee any amounts under this Section 8, including without limitation the Termination Payment, will bear interest at the maximum rate allowed by law until paid by the Company, and all accrued and unpaid interest will bear interest at the same rate, all of which interest will be compounded daily.