Common use of Salary Continuance Clause in Contracts

Salary Continuance. For purposes of determining the number of PSUs that are vested under this Agreement, the number of full months during which the Employee has been continually employed since the Grant Date shall not include any period of Salary Continuance, unless otherwise determined by the Committee or its authorized delegate at its discretion pursuant to Section 23(a)(ii) of the Plan.

Appears in 11 contracts

Sources: Eltip Performance Share Unit Award Agreement (Xerox Corp), Eltip Performance Share Unit Award Agreement (Xerox Corp), Performance Stock Unit Award Agreement (Xerox Corp)