After the Separation Date Sample Clauses

After the Separation Date. Executive will receive an amount equal to the sum of $187,000.00 (one hundred eighty-seven thousand dollars and no cents), less applicable withholdings and deductions, which represents payments for Executive's potential Q3 and Q4 profit sharing bonus at 100% attainment (“Profit Sharing”) for each month that he does not violate Sections 6 and 7 of this Agreement. Executive will receive the Profit Sharing payments in twenty-six (26) equal installments, paid bi-weekly in arrears, beginning on the first payroll period after the Separation Date and continuing each successive payroll period until twenty-six payments have been made. If Executive breaches his obligations in Sections 6 and 7, the Company shall be entitled to cease making such Profit Sharing payments.
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After the Separation Date. Executive will receive an amount equal to the sum of $187,000.00 (one hundred eighty-seven thousand dollars and no cents), less applicable withholdings and deductions, which represents six (6) months of Executive's base salary (“Base Salary”) for each month that he does not violate Sections 6 and 7 of this Agreement. Executive will receive the Base Salary payments in twenty-six (26) equal installments, paid bi-weekly in arrears, beginning on the first payroll period after the Separation Date and continuing each successive payroll period until twenty-six payments have been made. If Executive breaches his obligations in Sections 6 and 7, the Company shall be entitled to cease making such Base Salary payments.
After the Separation Date the Company shall pay the Employee a lump sum payment in the gross amount of fifteen thousand dollars ($15,000.00) (representing payment by the Company for outplacement services and expenses - although the Employee shall have the right to spend such sum as he deems appropriate). The lump sum pay will be paid to the Employee in accordance with the Company's normal payroll practices, but in no event shall the payment be made earlier than the eighth (8th) day after execution of both this Agreement and Attachment A and assuming no revocation of either such agreement.