Common use of Time of Payments Clause in Contracts

Time of Payments. If the amount of any payment provided for in Section 4.01 or 4.02 cannot reasonably be calculated on or before the date on which such payment is due, the Company shall pay to Executive on such date an estimate, as calculated in good faith by the Company, of the minimum amount of such payment and shall pay the remainder of such payments when reasonably calculable.

Appears in 3 contracts

Samples: Special Compensation and Non Compete Agreement (Sprint Corp), Employment Agreement (Embarq CORP), Employment Agreement (Embarq CORP)

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Time of Payments. If the amount of any payment provided for in Section 4.01 or 4.02 5.01 cannot reasonably be calculated on or before the date on which such payment is due, the Company shall pay to Executive on such date an estimate, as calculated in good faith by the Company, of the minimum amount of such payment and shall pay the remainder of such payments when reasonably calculable.

Appears in 2 contracts

Samples: Special Compensation and Non Compete Agreement (Sprint Corp), Employment Agreement (Embarq CORP)

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Time of Payments. If the amount of any payment provided for in Section 4.01 or 4.02 cannot reasonably be calculated on or before the date on which such payment is due, the Company shall pay to Executive on such date an estimate, as calculated in good faith by the Company, of the minimum amount of such payment and shall pay the remainder of such payments when reasonably calculable.

Appears in 1 contract

Samples: Employment Agreement (Sprint Nextel Corp)

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