Timing of Severance Benefits. Provided that the Release becomes effective and irrevocable by the Release Deadline Date and subject to Section 9, the Severance Benefits will be paid, or in the case of installments, will commence, on the first Company payroll date following the Release Deadline Date (such payment date, the “Severance Start Date”), and any Severance Benefits otherwise payable to the Participant during the period immediately following the Participant’s termination of employment with the Company through the Severance Start Date will be paid in a lump sum to the Participant on the Severance Start Date, with any remaining payments to be made as provided in this Plan and the Participant’s Participation Agreement.
Timing of Severance Benefits. Provided that the Release becomes effective and irrevocable by the Release Deadline Date and subject to Section 5, the severance payments and benefits under this Agreement will be paid, or in the case of installments, will commence, on the Release Deadline Date (such payment date, the “Severance Start Date”), and any severance payments or benefits otherwise payable to the Executive during the period immediately following the Executive’s termination of employment with the Company through the Severance Start Date will be paid in a lump sum to the Executive on the Severance Start Date, with any remaining payments to be made as provided in this Agreement.
Timing of Severance Benefits. A. If this agreement is executed by Employee and delivered to Mr. Roche by 12:00 Noon March 6, 2001, the Company will wire thxx xxx xx Security Title Agency, Inc., 3620 N. Third Avenue, 2nd Floor, Phoenix, AZ 85013, Attn: Barbara XxXxxxxx, (000) 000-0000, xx xxxxxx xxxxx, xxx sums due xxxxxxxx xx Xxxtioxx XXX.0 xxx XXI.4 above. The escrow agent shall disburse the funds as follows:
Timing of Severance Benefits. The Company will direct deposit to ---------------------------- Employee's account the amounts to be paid under Sections III.1 on or about the next payroll that occurs after the effective date of this agreement, subject to normal payroll cutoff dates. If this Agreement is received no later than January 4, 2002, payment will be made on January 15, 2002, assuming the Agreement is not revoked.
Timing of Severance Benefits. Salary continuation payments under Section 4(b) or 4(c) will commence within 60 days after your Separation and, once they commence, will include any unpaid amounts accrued from the date of your Separation. All other severance payments will be made within 60 days after your Separation. However, if the 60-day period described in the preceding two sentences spans two calendar years, then the payments will in any event begin or be made in the second calendar year.
Timing of Severance Benefits. The Severance Benefits shall be paid to the Executive within 60 days following the Separation from Service, but in no event later than 15 days following the date on which the Release becomes irrevocable; provided, that if the 60-day period begins in one taxable year and ends in a second taxable year, the Severance Benefits shall be paid in the second taxable year to the extent required to avoid any additional tax, interest or penalties under Section 409A of the Code.
Timing of Severance Benefits a. To the extent that payment of any amounts under this Agreement does not constitute “deferred compensation” for purposes of Internal Revenue Code Section 409A, Severance Benefits payable in cash will be paid in a lump sum payment consistent with NRG’s normal payroll schedule following the date the Agreement becomes non-revocable.
