Common use of Salary and Benefits Continuation Clause in Contracts

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 his base salary at the rate in effect on the Effective Date, reimbursement date of commuting expenses as this Agreement and continue to be eligible for (i) the employee benefit plans made available to similarly situated employees of the Company on the terms and conditions set forth in Employment Agreement, accrue paid vacation and be eligible for all such employee benefit plans generally available plans, and (ii) the perquisites extended 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 2016prior to his transition. All payments made to Executive during the Transition Period will be subject to standard payroll deductions any required withholding taxes and withholdingsauthorized deductions.

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 his annual base salary at the rate as in effect on the Effective Date, reimbursement of commuting expenses as set forth Agreement Date in Employment Agreement, accrue paid vacation accordance with the Company’s normal payroll procedure and be eligible for all employee benefit plans generally available to executives employees of the Company through the Termination DateCompany; provided, however, that that, commencing on the Agreement Date, Executive shall not be eligible for (a) any annual performance bonus for fiscal year 20162017, (b) participation in the Executive Change in Control Severance Plan or (c) any equity under the Company’s equity plan. All payments made to Executive during the Transition Period will be subject to standard payroll deductions and withholdings.