Timing of Severance Payment. Subject to Section 3(b), the Severance Payment provided for in Section 2(a)(ii) shall be made not later than the tenth (10th) day following the date on which the General Release by Executive becomes irrevocable.
Timing of Severance Payment. The Severance Payment shall be payable to Employee (or, in the event of death, to his estate or legal representative) in cash by the Company over a period of twelve (12) consecutive months, in equal monthly installments subject to the Company’s normal payroll policies commencing on the first regular payroll date that occurs after Employee’s Date of Termination; provided, however, that any installments that otherwise would be payable on the Company’s regular payroll dates between the Date of Termination and the fortieth (40th) calendar day after the Date of Termination will be delayed until the Company’s first regular payroll date that is more than forty (40) days after the Date of Termination and included with the installment payable on such payroll date.
Timing of Severance Payment. Assuming that the conditions to receipt of the Severance Payment and other benefits as described in Section 2(c) above have been met, the Company shall pay Employee the benefits described in Sections 2(b)(A)-(C) on the Payment Date. The payments specified in Section 2(b)(D) shall begin after the Payment Date.
Timing of Severance Payment. (A) Except as otherwise provided herein, the Severance Payment shall be payable in cash by the Company in twenty-four (24) equal monthly installments commencing on the date that is thirty (30) days after Employee’s Date of Termination;
Timing of Severance Payment. The Severance Payment shall be payable to Employee (or, in the event of death, to his estate or legal representative) in cash by the Company over a period of 12 consecutive months.
Timing of Severance Payment. (A) Except as otherwise provided herein, the Severance Payment shall be payable in cash by CryoLife in twenty-four (24) equal monthly installments commencing, subject to Section 6(a)(ii), on the date that is thirty (30) days after Employee’s Date of Termination.
Timing of Severance Payment. The Severance Payment shall be made not later than the tenth business day following the Date of Termination
Timing of Severance Payment. Any cash payable to the Executive under Sections 3(a) and 3(b) of this Agreement shall be payable in a lump sum within 10 calendar days after the Executive’s termination of employment, provided, however, if, at the time of the Executive’s termination of employment, the Executive is a “specified employee” (as defined in Section 409A of the Internal Revenue Code of 1986) and the payment under Sections 3(a) and 3(b) is subject to Section 409A of the Internal Revenue Code of 1986, then such payment shall not be made until six months and one day following the date of the Executive terminates employment, except as may otherwise be permitted under Section 409A of the Internal Revenue Code of 1986.”
Timing of Severance Payment. The Severance Payment will be paid in equal monthly installments over the 18-month period following the Resignation Date beginning on the sixtieth (60th) day following the Resignation Date, provided that all statutory rescission periods contained in this Agreement have expired without revocation and subject to the provisions of Section V(K) of this Agreement.
Timing of Severance Payment. Except for the group health plan benefits payments or as otherwise provided herein, the Severance Payment shall be payable to Employee (or, in the event of death, to his estate or legal representative) in cash by CryoLife over a period of eighteen (18) consecutive months, in equal monthly installments subject to CryoLife’s normal payroll policies commencing on the first payroll date that occurs after Employee's Date of Termination. Notwithstanding the foregoing, if CryoLife has elected to require Employee (or a representative of his estate) to execute a Waiver and Release pursuant to Section 13(d) as a condition to receipt of the Severance Payment, then such periodic payments shall commence on the first payroll date that occurs on or after the 30th day following Employee's Date of Termination.
