Common use of Deferred Compensation Payment Clause in Contracts

Deferred Compensation Payment. On the Effective Date, the Company shall pay or cause to be paid to Executive, in cash or other readily available funds, the sum of Two Hundred Ten Thousand Four Hundred Fifty Six Dollars and Ninety Five Cents ($210,456.95), less any amounts required to be deducted by the Company for federal and state taxes or other applicable requirements, which amount represents the full amount of deferred compensation, inclusive of all accrued interest that Executive is entitled to receive under the terms of the Company's Deferred Compensation Plan, as calculated pursuant to the crediting rate methodology.

Deferred Compensation Payment. On the Effective DateJanuary 4, 1999, the Company shall pay or cause to be paid to Executive, in cash or other readily available funds, the sum of Two Eighty Three Thousand Seven Hundred Ten Thousand Four Hundred Fifty Six Twenty Eight Dollars and Ninety Five Sixty Four Cents ($210,456.9583,728.64), less any amounts required to be deducted by the Company for federal and state taxes or other applicable requirements, which amount represents the full amount of deferred compensation, inclusive of all accrued interest that Executive is entitled to receive under the terms of the Company's Deferred Compensation Plan, as calculated pursuant to the crediting rate methodology.