Ongoing Compensation. In exchange for the promises made by Employee in this Agreement, Stryker agrees to continue to pay Employee his current base semi-monthly salary compensation in effect as of the date of this Agreement in the amount of $23,083.33 per semi-monthly pay period from April 1, 2016 through the Termination Date. Such payments are subject to appropriate federal, state and local withholding taxes.
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Sources: Transition Agreement (Stryker Corp)
Ongoing Compensation. In exchange for the promises made by Employee in this Agreement, Stryker agrees to continue to pay Employee his current base semi-monthly salary compensation in effect as of the date of this Agreement in the amount of $23,083.33 22,708.33 per semi-monthly pay period ($545,000 annual salary) from April 1, 2016 the date of this Agreement through the Termination Date. Such payments are subject to appropriate federal, state and local withholding taxes.
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