Compensation During Transition Period. During the Transition Period, the Company will pay Executive his base salary currently in effect immediately before the Date of Transition, which salary shall be payable on the Company's regular payroll schedule. The Company will also reimburse Executive for reasonable out-of-pocket expenses incurred by Executive in performing the Transition Services in accordance with the applicable expense reimbursement policies of the Company as in effect from time to time; provided that Executive has received prior written or emailed approval from the Company’s Chief Executive Officer (or the Chief Executive Officer’s designee) for either the specific expense or for the reimbursement of reasonable expenses for the project or task to which the expenses relate.
Compensation During Transition Period. Subject to Executive’s compliance with all the terms and conditions of this Agreement, during the Transition Period, the Company will pay Executive a base salary of forty thousand dollars ($40,000) per annum, less standard deductions and withholdings required by law or directed by Executive, and maintain Executive’s health care allowance for herself and her covered family memb\''',,jjers, subject to the terms and conditions of the applicable benefit plans or programs. Executive will be paid on the regular payroll dates of the Company. 2.3
Compensation During Transition Period. During the Transition Period, as Employee's sole compensation and consideration for Employee's services and responsibilities as set forth in Section 3(a), NLCI will pay Employee, and Employee will accept, only such compensation and benefits as are expressly itemized in this Section 4:
Compensation During Transition Period. During the Transition Period, the Company will continue to pay Executive his base salary ($27,083.33 per month). Such amount shall be paid in accordance with the Company’s normal payroll practices.
Compensation During Transition Period. During the Transition Period, Executive will continue to (a) be paid Executive’s current base salary, subject to applicable withholdings or deductions, in accordance with Company’s normal payroll policies and practices, (b) be eligible to participate in employee benefits and (c) participate in the CIC Policy. In addition, Executive will remain eligible to earn and receive a cash bonus with respect to the first half of the Company’s current fiscal year (the “First Half Bonus”) under the Company’s FY24 Bonus Plan (the “Bonus Plan”), subject to its terms and conditions, provided, however, that Executive’s individual performance component with respect thereto shall be deemed achieved at 100% of target, subject to Executive’s continued employment through the payment date of the First Half Bonus, if any. Executive shall not be eligible to earn or receive any bonus payment with respect to the second half of the Company’s current fiscal year under the Bonus Plan. On the Separation Date, Executive shall cease to be a participant in the CIC Policy.
Compensation During Transition Period. Executive shall receive all payments due or to become due under the Employment Agreement during the Transition Period.
Compensation During Transition Period. Provided the Executive remains employed with the Company through the Resignation Date, or such earlier date if Executive’s employment is terminated by the Company without Cause (as defined in the Employment Agreement), or the Executive dies or becomes disabled, and except as provided in Section 3.1 below, Executive shall receive for such services (less standard deductions and withholdings):
Compensation During Transition Period. Subject to the terms of this Agreement, you shall receive a base salary at the rate of $162,500.00 based on a work week of twenty (20) hours per week through August 15, 2014 (or a later date if the Company elects to extend the Transition Period beyond August 15, 2014). Although as a part-time employee you will no longer be eligible for benefits, provided you either elect (and remain eligible for) COBRA/mini-COBRA or in the absence of COBRA/mini-COBRA, you exercise your conversion rights with respect to your group health insurance, the Company will continue to pay the same dollar amount for such health insurance as if you had remained employed as a full time employee, until the earlier of (i) the Separation Date, and (ii) the day you become eligible for health insurance through another employer. Your outstanding equity will be governed by the terms and conditions of the Company’s stock plan and applicable stock option agreement (collectively the “Equity Documents”), provided, and notwithstanding anything to the contrary in the Equity Documents, if you enter into an comply with this Agreement, the Supplemental Option Grant (as defined in the Employment Agreement) shall vest immediately upon the Separation Date. You acknowledge and agree that (i) you will not be entitled to accrue paid time off during the Transition Period; (ii) you will use your existing balance of 70 hours of accrued paid time off during the Transition Period, (iii) in no event shall you be entitled to salary and benefits beyond the Separation Date, unless by mutual consent, and (iv) you are not entitled to any other compensation, including, bonus severance or otherwise, expect as specifically set forth in this Section 3.
Compensation During Transition Period. You will continue to be paid at your current base salary rate throughout the Transition Period.
Compensation During Transition Period. Provided that Executive complies with the terms of this Agreement, Executive will receive the following:
