Common use of Timing of Severance Payment Clause in Contracts

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. (A) Except as otherwise provided herein, the Severance Payment shall be payable to Employee in cash by the Company in twenty-four (24) equal monthly installments commencing on the date that is a lump sum not later than thirty (30) days after Employee’s Date of Termination;.