Common use of Salary and Benefits Continuation Clause in Contracts

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.

Appears in 1 contract

Samples: Transition and Separation Agreement (Calix, Inc)

AutoNDA by SimpleDocs

Salary and Benefits Continuation. During the Transition Period, Executive will continue to be paid an annual base salary of $313,400261,426.00, 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 PlanPlan and all bonus plans) through the Termination Date. All payments made to Executive during the Transition Period will be subject to standard payroll deductions and withholdings.

Appears in 1 contract

Samples: Transition and Separation Agreement (Calix, Inc)

Salary and Benefits Continuation. During the Transition Period, Executive will continue to be paid an annual base salary of $313,400280,000, 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.

Appears in 1 contract

Samples: Transition and Separation Agreement (Calix, Inc)

Salary and Benefits Continuation. During the Transition Period, Executive will continue to be paid an annual a base salary at the rate of $313,400, paid in bi-weekly installments 55,000 per annum 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 Dateprocedures. All payments made to Executive during the Transition Period will be subject to standard payroll deductions and withholdings. Executive will remain eligible to participate in the Company’s employee benefit programs in accordance with their terms.

Appears in 1 contract

Samples: Transition and Separation Agreement (Broadcom Inc.)

AutoNDA by SimpleDocs

Salary and Benefits Continuation. During the Transition Period, Executive will continue to be paid an annual base salary at the rate of $313,400, paid in bi-weekly installments 2,500 per week in accordance with the Company’s standard regular payroll practices, accrue paid vacation practices and be eligible for all employee benefit plans available to senior executives of the Company (other than and continue to vest into outstanding equity awards, in each case, in accordance with their terms, provided, that Executive shall no longer accrue any vacation during the Severance Plan) through the Termination DateTransition Period. All payments made to Executive during the Transition Period will be subject to standard payroll deductions required withholding taxes and withholdingsauthorized deductions.

Appears in 1 contract

Samples: Transition and Separation Agreement (Aimmune Therapeutics, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.