Common use of Timing and Manner of Payment Clause in Contracts

Timing and Manner of Payment. Subject to Section 9.11, the amounts that become payable to Executive pursuant to Section 4.1(b) above shall be paid in a single lump sum on the first Company payroll date after 60 days after the date of Executive’s Qualifying Termination and (b) any reimbursement for COBRA premiums pursuant to Section 4.1(c) above shall commence on the Employer’s first regular payroll period following the sixtieth (60th) day after the date of Executive’s Qualifying Termination and shall include pro rata reimbursement for any COBRA premiums already paid by Executive.