Common use of Ongoing Payments Clause in Contracts

Ongoing Payments. While Executive is employed pursuant to this Agreement, AVC will pay Executive a salary at a rate of One Hundred and Fifteen Thousand Dollars ($115,000) per annum, payable in substantially equal monthly or more frequent installments.

Appears in 2 contracts

Sources: Employment and Non Competition Agreement (Lund International Holdings Inc), Employment and Non Competition Agreement (Lund International Holdings Inc)