Base Salary Benefit Continuation Clause Samples

Base Salary Benefit Continuation. For so long as I remain employed by the Company and notwithstanding the making by the Company of the Transition Election, the Company will continue to pay me my Base Salary and to provide me with those fringe benefits and perquisites as paid or provided to me, or in which I participated, immediately prior to the start of the Transition Period. Any term or provision of the Existing Agreement to the contrary notwithstanding, in no event will I be entitled to payment of any Cash Bonus for fiscal year 2021 or any portion thereof into which the Term may extend and, consistent with Company policy, I will not accrue or receive payment for accrued vacation upon termination of my employment. If and to the extent permitted under the terms of the Company-provided life insurance policy, the Company will not object if I elect to continue coverage after termination of my employment, at my own cost, and the Company will afford me the right, insofar as required by law, to retain my health insurance coverage following termination of my employment in accordance with COBRA, at my own cost.