Common use of Amount and Timing of Payment Clause in Contracts

Amount and Timing of Payment. In consideration of the Participant's services rendered to the Company during the Bonus period, 100% of the Bonus, payable to the Participant (the "Deferred Compensation"), shall be deferred and made to the Participant on the Payment Date. As additional compensation hereunder, interest at the rate of 6.0% per annum shall accrue as to the Deferred Compensation commencing on January 1, 2006 and ending on the Payment Date. Such interest shall be paid on the date on which the Deferred Compensation is paid.

Amount and Timing of Payment. In consideration of the Participant's services rendered to the Company during the Bonus period, 10085% of the Bonus, payable to the Participant (the "Deferred Compensation"), shall be deferred and made to the Participant on the Payment Date. As additional compensation hereunder, interest at the rate of 6.06% per annum shall accrue as to the Deferred Compensation commencing on January 1, 2006 and ending on the Payment Date. Such interest shall be paid on the date on which the Deferred Compensation is paid.