Common use of When Due Clause in Contracts

When Due. Executive shall be entitled to the Deferred Compensation as calculated below the initial installment of which is to be paid within 30 days after the event giving rise to the payout (except as provided below) in the event that Executive’s employment is terminated for disability pursuant to Section 7(a).

Appears in 2 contracts

Samples: Employment Agreement (Payment Data Systems Inc), Employment Agreement (Payment Data Systems Inc)

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When Due. Executive (or his estate as the case may be) shall be entitled to the Deferred Compensation as calculated below in Section 5(b) above, the initial installment of which is to be paid within 30 days after the event giving rise to the payout (except as provided below) in the event that Executive’s employment is terminated for disability pursuant to Section 7(a).any of the following reasons herein:

Appears in 1 contract

Samples: Employment Agreement (Payment Data Systems Inc)

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When Due. Executive (or his estate as the case may be) shall be entitled to the Deferred Compensation as calculated below in section 5(b) above, the initial installment of which is to be paid within 30 days after the event giving rise to the payout (except as provided below) in the event that Executive’s employment is terminated for disability pursuant to Section 7(a).any of the following reasons herein:

Appears in 1 contract

Samples: Employment Agreement (Payment Data Systems Inc)

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