Payment Commencement Date

Example Definitions of "Payment Commencement Date"
Payment Commencement Date. The first business day of the Plan Year immediately following the Plan Year in which the Participant terminates service as a member of the Board
Payment Commencement Date. The Company's next regular payday for executives that follows the earlier of (a) the expiration of sixty (60) calendar days from the date the Executive's employment terminates, and (b) with respect to payments or benefits that are within the Short-Term Deferral Exception (as defined below), the Separation Pay Exception (as defined below) or the stock right exception under Section 409A, the effective date of the Employee Release.
Payment Commencement Date. The Company's next regular payday for executives that follows the expiration of sixty (60) calendar days from the date the Executive's employment terminates
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