Common use of Continued Base Salary Clause in Contracts

Continued Base Salary. During the period commencing on the Separation Date and ending on the 12-month anniversary of the Separation Date, the Company shall continue to pay Executive's base salary, at a rate of $600,000 per year for a total of $600,000, such amount to be paid, less required tax withholding and authorized deductions, in accordance with the Company's standard payroll procedures, with the first installment payable on the first payroll date that is at least five days following the Effective Date and inclusive of any installments that would have been paid prior thereto had the Effective Date been the Separation Date.

Continued Base Salary. During the period commencing on the Separation Date and ending on the 12-month anniversary of period immediately following the Separation Date, the Company shall continue to pay to Executive Executive's ’s annual base salarysalary at the rate in effect immediately prior to the Separation Date, at a rate of $600,000 per year for a total of $600,000subject to required withholding taxes, such amount payments to be paid, less required tax withholding and authorized deductions, made in accordance with the Company's ’s standard payroll procedures, provided, that no such payment shall be made until the first regular payroll date that is following the Effective Date, with the first installment payable on the first payroll date that is at least five days following the Effective Date and inclusive of to include any installments amounts that would have been paid prior thereto had the Effective Date this Agreement been effective and irrevocable on the Separation Date.