Salary and Benefits Continuation. (a) Salary
Salary and Benefits Continuation. During the Employment Period, Executive will continue to be paid base salary at the rate in affect on the Effective Date, accrue paid vacation and be eligible for all employee benefit plans available to senior executives of the Company through the Termination Date. All payments made to Executive during the Employment Period will be subject to standard payroll deductions and withholdings.
Salary and Benefits Continuation. During the Transition Period, Executive will continue to be paid his base salary at the rate in effect on the Effective Date, reimbursement of commuting expenses as set forth in Employment Agreement, accrue paid vacation and be eligible for all employee benefit plans generally available to executives of the Company through the Termination Date; provided, however, that Executive shall not be eligible for any annual performance bonus for fiscal year 2016. All payments made to Executive during the Transition Period will be subject to standard payroll deductions and withholdings.
Salary and Benefits Continuation. During the Transition Period, Executive will continue to be paid an annual base salary of $313,400, paid in bi-weekly installments in accordance with the Company’s standard payroll practices, accrue paid vacation and be eligible for all employee benefit plans available to senior executives of the Company (other than the Severance Plan) through the Termination Date. All payments made to Executive during the Transition Period will be subject to standard payroll deductions and withholdings.
Salary and Benefits Continuation. Upon the execution of this Agreement, the Parties agree as follows:
Salary and Benefits Continuation a. You will be eligible for a payment of $143,241.98. This sum shall be paid in a lump sum, single payment ten (10) days after the Termination Date or, if later, ten (10) days after the Company’s receipt of this signed unrevoked Agreement provided the Agreement is received by the Company within 45 days of your Termination Date.
Salary and Benefits Continuation. In exchange for agreeing to and complying with the terms of this Agreement (including the general release it contains), Employee will receive the following payments and benefits from the Company:
Salary and Benefits Continuation. Upon the separation of Mr. Xxxxxx'x xxxloyment with the Company, the Company agrees to pay Mr. Xxxxxx xxx accrued but unpaid base salary through July 1, 1999. In addition, the Company agrees to the following:
Salary and Benefits Continuation. In recognition of your continued -------------------------------- employment, if your service to the Company ceases at any time hereafter due to a termination by the Company without Cause or due to a resignation by you for Good Reason, you will be entitled to: (i) separation payments in the form of salary continuation (less applicable withholding) for a period ending on the date that is twelve months after the last day of your employment with the Company, and (ii) if you elect to receive continuation coverage under the Company's group health plan pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), for the twelve (12) month period immediately following the last day of your employment with the Company, waiver of the applicable premium otherwise payable for COBRA continuation coverage for you to the extent such premium exceeds the monthly amount charged to active similarly-situated employees of the Company for the same coverage. The separation payments described above will be paid at the base salary rate in effect as of the date of your separation from the Company and will be payable in accordance with the Company's normal payroll practices.
Salary and Benefits Continuation. During the Employment Period, Executive will be paid base salary at the rate of $31,262 per month, accrue paid vacation, and be eligible for all employee benefit plans available to senior executives of the Company through the Termination Date. All payments made to Executive during the Employment Period will be subject to standard payroll deductions and withholdings.
