Common use of Timing of Severance Payments Clause in Contracts

Timing of Severance Payments. The severance payment described in Section 4(a)(i) above shall be paid by Company to Executive within fifteen business days following a termination covered by Section 4(a) above.

Timing of Severance Payments. The Any severance payment described in to which ---------------------------- Executive is entitled under Section 4(a)(i3(a) above shall be paid by the Company to the Executive within fifteen business (or to the Executive's successors in interest, pursuant to Section 6(b)) in cash and in full, not later than fourteen (14) calendar days following a the date of termination covered by Section 4(a) aboveof employment.

Timing of Severance Payments. The severance payment described in (i) Unless otherwise required to be delayed pursuant to Section 4(a)(i6(d)(ii) above below, the Severance Payments shall be paid in equal installments over a period of twelve (12) months from the date of Executive’s termination of employment (provided that such termination is a “separation from service” within the meaning of Section 409A, as determined by Company to Executive within fifteen business days following a termination covered by Section 4(athe Company) abovein accordance with the Company’s normal payroll policies.