Timing of Payments and Benefits. The payments and benefits contemplated in this Section 4(a) shall be provided to Executive at the times and in the manner specified below: (A) The Accrued Obligations shall be paid pursuant to Ultra’s standard payroll and other practices and at the time and in the manner required by applicable law but in no event later than thirty days after the Termination Date; provided, however, the Accrued Obligations described in clause (C) of the definition of Accrued Obligations shall be paid or provided at the time and pursuant to the terms of the applicable plans or programs at the Termination Date. (B) The Severance Cash Incentive shall be paid as soon as is administratively feasible after the end of the performance period for the applicable Cash Incentive, but in no event later than March 15 of the calendar year following the calendar year to which such Cash Incentive relates. (C) The Severance Benefits shall be paid or provided at the time and pursuant to the terms of the applicable plans or programs at the Termination Date. (D) The Severance Payment shall be paid in cash and in a lump sum within thirty (30) days following Executive’s timely execution and non-revocation of the release of claims in favor of Ultra as described in Section 4(e).
Appears in 5 contracts
Samples: Employment Agreement (Ultra Petroleum Corp), Employment Agreement (Ultra Petroleum Corp), Employment Agreement (Ultra Petroleum Corp)
Timing of Payments and Benefits. The payments and benefits contemplated in this Section 4(a5(a) shall be provided to Executive at the times and in the manner specified below:
(A) The Accrued Obligations shall be paid pursuant to Ultra’s standard payroll and other practices and at the time and in the manner required by applicable law but in no event later than thirty days after the Termination Date; provided, however, the Accrued Obligations described in clause (C) of the definition of Accrued Obligations shall be paid or provided at the time and pursuant to the terms of the applicable plans or programs at the Termination Date.
(B) The Severance Pro-Rata Cash Incentive shall be paid as soon as is administratively feasible after the end of the performance period for the applicable Cash Incentive, but in no event later than March 15 of the calendar year following the calendar year to which such Cash Incentive relates.
(C) The Severance Benefits shall be paid or provided at the time and pursuant to the terms of the applicable plans or programs at the Termination Date.
(D) The Severance Payment shall be paid in cash paid, provided, performed, or delivered, as applicable, at the time and in a lump sum within the manner required by applicable law but in no event later than thirty (30) days following Executive’s timely execution and non-revocation of after the release of claims in favor of Ultra as described in Section 4(e)Termination Date.
Appears in 5 contracts
Samples: Employment Agreement (Ultra Petroleum Corp), Employment Agreement (Ultra Petroleum Corp), Employment Agreement (Ultra Petroleum Corp)
Timing of Payments and Benefits. The payments and benefits contemplated in this Section 4(a) shall be provided to Executive at the times and in the manner specified below:
(A) The Accrued Obligations shall be paid pursuant to Ultra’s standard payroll and other practices and at the time and in the manner required by applicable law but in no event later than thirty days after the Termination Date; provided, however, the Accrued Obligations described in clause (C) of the definition of Accrued Obligations shall be paid or provided at the time and pursuant to the terms of the applicable plans or programs at the Termination Date.
(B) The Severance Pro-Rata Cash Incentive shall be paid as soon as is administratively feasible after the end of the performance period for the applicable Cash Incentive, but in no event later than March 15 of the calendar year following the calendar year to which such Cash Incentive relates.
(C) The Severance Benefits shall be paid or provided at the time and pursuant to the terms of the applicable plans or programs at the Termination Date.
(D) The Severance Payment shall be paid in cash and in a lump sum within thirty (30) days following Executive’s timely execution and non-revocation of the release of claims in favor of Ultra as described in Section 4(e).
Appears in 3 contracts
Samples: Employment Agreement (Ultra Petroleum Corp), Employment Agreement (Ultra Petroleum Corp), Employment Agreement (Ultra Petroleum Corp)
Timing of Payments and Benefits. The payments and benefits contemplated in this Section 4(a5(a) shall be provided to Executive at the times and in the manner specified below:
(A) The Accrued Obligations shall be paid pursuant to Ultra’s standard payroll and other practices and at the time and in the manner required by applicable law but in no event later than thirty days after the Termination Date; provided, however, the Accrued Obligations described in clause (C) of the definition of Accrued Obligations shall be paid or provided at the time and pursuant to the terms of the applicable plans or programs at the Termination Date.
(B) The Severance Pro-Rata Cash Incentive shall be paid as soon as is administratively feasible after the end of the performance period for the applicable Cash Incentive, but in no event later than March 15 of the calendar year following the calendar year to which such Cash Incentive relates.
(C) The Severance Benefits shall be paid or provided at the time and pursuant to the terms of the applicable plans or programs at the Termination Date.
(D) The Severance Payment Title Transfer shall be paid completed, if applicable, as soon as practicable but in cash and in a lump sum within no event later than thirty (30) days following Executive’s timely execution after the applicable Termination Date.
(E) The Severance Payment shall be paid, provided, performed, or delivered, as applicable, at the time and non-revocation of in the release of claims manner required by applicable law but in favor of Ultra as described in Section 4(e)no event later than thirty days after the Termination Date.
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