Examples of Delayed Initial Payment Date in a sentence
Upon the Delayed Initial Payment Date, the Company (or the successor entity thereto, as applicable) shall pay to Executive a lump sum amount equal to the applicable benefit that Executive would otherwise have received through the Delayed Initial Payment Date if the commencement of the payment of the benefit had not been so delayed pursuant to this Section 3(c), and any remaining payments due shall be paid as otherwise provided herein.
Any Severance Payments & Benefits that would be considered Deferred Payments (as defined below) will be paid on, or, in the case of installments, will not commence until, the sixtieth (60th) day following Executive’s separation from service, or, if later, the Delayed Initial Payment Date, as defined below.
Any Severance Payments & Benefits that would be considered Deferred Payments (as defined below) will be paid on or, in the case of installments, will not commence until the sixtieth (60th) day following Executive’s separation from service or, if later, the Delayed Initial Payment Date (as defined below).
The Company will (A) pay to Employee a lump sum amount equal to the sum of the payments upon separation from service that Employee would otherwise have received through the Delayed Initial Payment Date if the commencement of the payments had not been delayed pursuant to this Section 8.4, and (B) commence paying the balance of the payments in accordance with the applicable payment schedules set forth herein.
Any Severance Payments & Benefits that would be considered Deferred Payments (as defined below) will be paid on, or, in the case of installments, will not commence until, the sixtieth (60th) day following Executive’s separation from service (within the meaning of Section 409A), or, if later, the Delayed Initial Payment Date (as defined below).
This bonus will be in addition to the 2021 Bonus, if earned, and payable subject to standard federal and state payroll withholding requirements in a lump sum payment on the Severance Pay Commencement Date (or, if applicable, the Delayed Initial Payment Date).
Notwithstanding anything herein to the contrary, if you die following your termination but prior to the Delayed Initial Payment Date, then any Payments delayed in accordance with this paragraph will be payable in a lump sum as soon as administratively practicable after the date of Employee’s death (and in all cases, within ninety (90) days of your death) and all other Payments will be payable in accordance with the payment schedule applicable to each payment or benefit.