Common use of Extraordinary Compensation Clause in Contracts

Extraordinary Compensation. Employee shall have the right, in addition to all other compensation provided for in this Section 2, to continued additional extraordinary compensation in the event of termination of employment of Employee pursuant to Section 5.2.1. In such event, Employee shall continue to be paid the salary provided in Section 2.1 through the second anniversary of the Effective Date in the manner and at the times at which regular compensation was paid to Employee during the term of his employment under the Agreement, provided, however, that the present value of the stream of payments to be made to Employee shall not exceed 295 percent of Employee's Annualized Includable Compensation (in which event the payments shall be reduced pro rata such that the present value thereof does not exceed such amount). By way of illustration and without limitation, if the Effective Date is assumed to be October 15, 2000 and Employee is terminated pursuant to Section 5.2.1 on January 15, 2001, then Employee would continue to receive salary through October 14, 2002.