Common use of Salary Continuation Payments Clause in Contracts

Salary Continuation Payments. The Executive shall be eligible to receive continued payment of the Executive’s then-current base salary for a period of six (6)- month. The first such payment shall be made on the sixtieth (60th) day following the date of the Executive’s Separation from Service provided the Release is effective, and subsequent payments will be made in accordance with the Company’s normal payroll schedule for salaried employees. Such cash payments shall be treated as a right to a series of separate payments for purposes of Section 409A of the Code. B. Health

Salary Continuation Payments. The Executive shall be eligible to receive continued payment the Executive’s base salary for up to a total period of twenty-four (24) months at the annualized rate in effect under Paragraph 3 at the time of the Executive’s then-current base salary for a period of six (6)- monthInvoluntary Termination. The first such payment shall be made on the sixtieth (60th) day following the date of the Executive’s Separation from Service due to such Involuntary Termination provided the requisite Release Condition is effective, satisfied and subsequent salary continuation payments will shall be made at periodic intervals in accordance with the Company’s normal payroll schedule practices for salaried employees. Such cash payments shall be treated as a right to a series of separate payments for purposes of Section 409A of the Code. B. Health.

Salary Continuation Payments. The Executive shall be eligible to receive continued payment the Executive’s base salary for up to a total period of twelve (12) months at the annualized rate in effect under Paragraph 3 at the time of the Executive’s then-current base salary for a period of six (6)- monthInvoluntary Termination. The first such payment shall be made on the sixtieth (60th) day following the date of the Executive’s Separation from Service due to such Involuntary Termination provided the requisite Release Condition is effective, satisfied and subsequent salary continuation payments will shall be made at periodic intervals in accordance with the Company’s normal payroll schedule practices for salaried employees. Such cash payments shall be treated as a right to a series of separate payments for purposes of Section 409A of the Code. B. Health.

Salary Continuation Payments. The Executive shall be eligible to receive continued payment of the Executive’s then-current his base salary for a total period of six (6)- month6) months at the annualized rate in effect for him under Paragraph 3 at the time of his termination. The first such payment shall be made on the sixtieth (60th) day following the date of the Executive’s Separation from Service provided the Release is effective, and subsequent payments will be made in accordance with the Company’s normal payroll schedule for salaried employees. Such cash payments shall be treated as a right to a series of separate payments for purposes of Section 409A of the Code. B. Healthsixtieth

Salary Continuation Payments. The Executive shall be eligible to receive continued payment his base salary, at the monthly rate in effect for him under Paragraph 3.A. at the time of the Executive’s then-current base salary his Involuntary Termination, for a period of six eighteen (6)- month. The first such payment shall be made on the sixtieth (60th18) day following the date of the Executive’s Separation from Service provided the Release is effective, and subsequent payments will be made months in accordance with the CompanyBMP’s normal payroll schedule for salaried employees. Such cash payments shall be treated as a right to a series of separate payments for purposes of Section 409A of the Code. B. Healthpractices.