TIMES FOR PAYMENT. (1) Except as provided in paragraphs (2), (3) and (4) below, payment of the severance benefits provided under this section shall be paid on the first day of the seventh month following the date of the Termination Event; (2) Payment of the severance benefits provided under this section shall be paid within 30 days after the date of the Termination Event to the extent the amount paid does not exceed the amount of payments that would be excepted from the six-month delay rule of paragraph (1) above under:
Appears in 4 contracts
Samples: Change in Control Agreement (West Coast Bancorp /New/Or/), Change in Control Agreement (West Coast Bancorp /New/Or/), Change in Control Agreement (West Coast Bancorp /New/Or/)
