Examples of Payment Commencement Date in a sentence
For this purpose, except as described in Subsection (e) below, Executive's "Payment Commencement Date" shall be the later of (I) the first business day of the month following the month in which Executive attains age 65 (June 8, 2029) or (2) the first business day of the first calendar month following the end of the calendar month in which Executive experiences a Separation from Service (as defined in Subsection 2 (d) below).
Exhibit A Xxxxxx Xxxxxxxx "Normal Retirement Date"= June 8, 2029 "Payment Commencement Date"= The payment commencement date for the Normal Retirement Benefit shall be later of the first business day of the month following the month in which Executive attains age 65 (June 8, 2029) or the first business day of the month following the month in which Executive experiences a Separation from Service (as defined in Section 2(d) of the Agreement).
See Exhibit C for a schedule of the projected Accrual Balance at the beginning of each year prior to the Payment Commencement Date.
Any payment of a Severance Payment that is so delayed shall be paid on the Payment Commencement Date.
Sec Exhibit C for a schedule of the projected Accrual Balance at the beginning of each year prior to the Payment Commencement Date.