Common use of TIMES FOR PAYMENT Clause in Contracts

TIMES FOR PAYMENT. (1) The cash compensation payment under subsection (b) and the 401(k) equivalency payment under subsection (e) will be paid within 30 days after the date of the Termination Event; (2) The COBRA premiums under subsection (d) will be paid as due under the terms of the applicable group health plan; and (3) Outplacement services will be paid as billed by the service provider.