Common use of Timing of Severance Payment Clause in Contracts

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. Assuming that the conditions to receipt of the Severance Payment and other benefits as described in Section 2(c) above have been metmet as set forth above, the Company shall pay Employee the benefits described in Sections 2(b)(A)-(C(b)(i) on the Payment Date. The payments specified in Section 2(b)(Dand (b)(ii) shall begin no later than 60 days after the Payment Termination Date.