Common use of Full Reduction for Early Commencement Clause in Contracts

Full Reduction for Early Commencement. Any reduction for early commencement under Section 4(b)(i)(E) above will be determined by using the actual due date for commencement of payments (that is, the first day of the calendar month following your termination of employment for Good Reason). Specifically, it will not be assumed that your SERP benefit begins on the first day of the month following the Expiration Date.

Full Reduction for Early Commencement. Any reduction for early commencement under Section 4(b)(i)(E) above will be determined by using the actual due date for commencement of payments (that is, the first day of the calendar month following your termination of employment for Good Reasonwithout Cause). Specifically, it will not be assumed that your SERP benefit begins on the first day of the month following the Expiration Date.