Common use of Xxxxxxxxx Pay Clause in Contracts

Xxxxxxxxx Pay. The Company will pay you an amount equal to one times your Annualized Total Compensation (“Severance Pay”), subject to your prompt execution of the Company’s customary release, which amount shall be payable in equal installments on the 15th and last days of each of the 12 months following the 30th day after the date of your Separation from Service (if the 15th or last day of a month is not a business day, on the closest business day to such date. This amount constitutes “Separation Pay” under the terms of the X.X. Xxxxxxxxx & Sons Company Separation Pay Plan (“SPP”) and all provisions of the SPP shall apply thereto and no other amount shall be payable under the SPP. Any disputes regarding Severance Pay will be governed by the claims and appeals procedures of the SPP. All payments made pursuant to this Agreement shall be reduced by applicable tax withholdings.

Xxxxxxxxx Pay. The Company will pay you an amount equal to one times your Annualized Total Compensation (“Severance Pay”), subject to your prompt execution of the Company’s customary release, which amount shall be payable in equal installments on the 15th and last days of each of the 12 months following the 30th day after the date of your Separation from Service (if the 15th or last day of a month is not a business day, on the closest business day to such date). This amount constitutes “Separation Pay” under the terms of the X.X. Xxxxxxxxx & Sons Company Separation Pay Plan (“SPP”) and all provisions of the SPP shall apply thereto and no other amount shall be payable under the SPP. Any disputes regarding Severance Pay will be governed by the claims and appeals procedures of the SPP. All payments made pursuant to this Agreement shall be reduced by applicable tax withholdings.

Xxxxxxxxx Pay. The Company will pay you an amount equal to one times your Annualized Total Compensation (“Severance Pay”), subject to your prompt execution of the Company’s customary release, which amount shall be payable in equal installments on the 15th and last days of each of the 12 months following the 30th day after the date of your Separation from Service (if the 15th or last day of a month is not a business day, on the closest business day to such date. This amount constitutes “"Separation Pay” " under the terms of the X.X. R.X. Xxxxxxxxx & Sons Company Separation Pay Plan (“"SPP”") and all provisions of the SPP shall apply thereto and no other amount shall be payable under the SPP. Any disputes regarding Severance Pay will be governed by the claims and appeals procedures of the SPP. All payments made pursuant to this Agreement shall be reduced by applicable tax withholdings.

Xxxxxxxxx Pay. The Company will pay you an amount equal to one times your Annualized Total Compensation (“Severance Pay”), subject to your prompt execution of the Company’s customary release, which amount shall be payable in equal installments on the 15th and last days of each of the 12 months following the 30th day after the date of your Separation from Service (if the 15th or last day of a month is not a business day, on the closest business day to such date). This amount constitutes “"Separation Pay” " under the terms of the X.X. Xxxxxxxxx & Sons Company LSC Separation Pay Plan (“"SPP”") and all provisions of the SPP shall apply thereto and no other amount shall be payable under the SPP. All payments made pursuant to this Agreement shall be reduced by applicable tax withholdings. Any disputes regarding Severance Pay will be governed by the claims and appeals procedures of the SPP. All payments made pursuant to this Agreement shall be reduced by applicable tax withholdings.

Xxxxxxxxx Pay. The Company will pay you an amount equal to one times your Annualized Total Compensation (“"Severance Pay”"), subject to your prompt execution of the Company’s 's customary release, which amount shall be payable in equal installments on the 15th and last days of each of the 12 months following the 30th day after the date of your Separation from Service (if the 15th or last day of a month is not a business day, on the closest business day to such date. This amount constitutes “"Separation Pay” " under the terms of the X.X. R.X. Xxxxxxxxx & Sons Company Separation Pay Plan (“"SPP”") and all provisions of the SPP shall apply thereto and no other amount shall be payable under the SPP. All payments made pursuant to this Agreement shall be reduced by applicable tax withholdings. Any disputes regarding Severance Pay will be governed by the claims and appeals procedures of the SPP. All payments made pursuant to this Agreement shall be reduced by applicable tax withholdings.

Xxxxxxxxx Pay. The Company will pay you an amount equal to one times eighteen months of your Annualized Total Compensation (“Severance Pay”), subject to your prompt execution of the Company’s customary release, which amount shall be payable in equal installments on the 15th and last days of each of the 12 18 months following the 30th day after the date of your Separation from Service (if the 15th or last day of a month is not a business day, on the closest business day to such date. This amount constitutes “Separation Pay” under the terms of the X.X. Xxxxxxxxx & Sons Company Separation Pay Plan (“SPP”) and all provisions of the SPP shall apply thereto and no other amount shall be payable under the SPP. Any disputes regarding Severance Pay will be governed by the claims and appeals procedures of the SPP. All payments made pursuant to this Agreement shall be reduced by applicable tax withholdings.