If death occurs after installments of an Executive Retirement Installment Benefit have commenced under [Section XIX(b)], but before all 10 annual installments have been paid, the remaining installments shall continue to be paid to the Employee’s designated beneficiary as of the yearly anniversary specified in [Section XIX(b)].
Base Salary. An annual base salary equal to the annual base salary in effect as of the Change in Control. The annual salary shall be payable in installments in accordance with the Company’s usual payroll method.
XX # Annual installments over a term certain as elected by the Participant not to exceed 10 years.
Additional annual cash retainers shall be paid to Non-Employee Directors as follows, payable in arrears in quarterly installments:
The annual cash compensation amount set forth below is payable in equal quarterly installments, payable after each regular quarterly Board meeting, beginning with the Board meeting held on September 1, 2021 (collectively, the “Annual Cash Fees”). All Annual Cash Fees are vested upon payment.
Consulting Fees. Consultant shall receive annual consulting fees at the rate of $50,000.00 per year, payable in four (4) equal quarterly installments.
In the event that a Director's service on the Board terminates as a result of death, the beneficiary(s) designated by the Director (or failing such designation, the Director's estate), may elect to have the Director's DSU Account: # paid out in a lump sum as soon as practicable following the Director's death; or # paid out in annual installments up to an aggregate of ten (10) annual installments, commencing in the
For purposes of the Plan pursuant to Code Section 409A and regulations thereunder, a series of annual installments from a particular account shall be considered a single payment.
For deaths on or after April 1, 2019. Ten (10) annual installments are payable to the Designated Beneficiary(ies), commencing on the first of the month following the date of the Participant’s death. The first installment shall be derived from the Single-Sum Amount plus Earnings, if any, divided by ten (10). Subsequent annual installments shall be amounts equal to the Participant’s unpaid Single-Sum Amount plus Earnings divided by the number of remaining annual payments. The first annual installment will be payable as soon as administratively feasible after the Designated Beneficiary(ies) have been confirmed and located. This payment is subject to the cash out rules described in [Section 5.9] of the Plan.
In the event of the Participant’s Separation from Service due to Early Retirement or Normal Retirement, annual installments for a specified number of years, as approved by the Administrator.
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