Pay Continuation Period

Pay Continuation Period. Shall mean the period beginning on the day immediately following the last day of a Participant's Transition Period, provided that the Participant has not secured another position with BANK ONE during the Transition Period, and ending on the earliest of: (i) twelve months following the end of the Transition Period; (ii) the date as of which the Participant secures new employment of any kind; (iii) the date as of which the Participant receives a lump sum settlement of his Pay Continuation Period... Benefits, as described in Section 6 below; and (iv) the date the Administrator terminates the Participant's benefits under Section 9 below. View More