Common use of Salary Continuation Clause in Contracts

Salary Continuation. Executive shall continue to receive Base Salary for eighteen (18) months following a Covered Termination. Such amount shall be paid in regular installments on the normal payroll dates of the Company and shall be subject to all required tax withholding.

Appears in 10 contracts

Samples: Executive Severance Benefits Agreement (Cv Therapeutics Inc), Executive Severance Benefits Agreement (Cv Therapeutics Inc), Executive Severance Benefits Agreement (Cv Therapeutics Inc)

AutoNDA by SimpleDocs

Salary Continuation. Executive shall continue to receive Base Salary Salary, as defined in Section 5.1, for eighteen twenty-four (1824) months following a Covered Termination. Such amount shall be paid in regular installments on the normal payroll dates of the Company and shall be subject to all required tax withholding.

Appears in 2 contracts

Samples: Executive Severance Benefits Agreement (Sequus Pharmaceuticals Inc), Executive Severance Benefits Agreement (Sequus Pharmaceuticals Inc)

Salary Continuation. Executive shall continue to receive Base Salary for [nine (9)] [eighteen (18) )] months following a Covered Termination. Such amount shall be paid in regular installments on the normal payroll dates of the Company a lump sum and shall be subject to all required tax withholding.

Appears in 1 contract

Samples: Control Severance Benefits Agreement (Onyx Pharmaceuticals Inc)

Salary Continuation. Executive shall continue to receive Base Salary for eighteen (18) months following that has accrued but is unpaid as of the date of a Covered Termination. Such amount , and, within thirty (30) days following such Covered Termination, Executive shall be paid in regular installments on the normal payroll dates also receive payments equal to six (6) months of the Company and shall be subject to all required tax withholdingBase Salary.

Appears in 1 contract

Samples: Executive Severance Benefits Agreement (Aviron)

AutoNDA by SimpleDocs

Salary Continuation. Executive shall continue to receive Base Salary Salary, as defined in Section 5.1, for eighteen twelve (1812) months following a Covered Termination. Such amount shall be paid in regular installments on the normal payroll dates of the Company and shall be subject to all required tax withholding.

Appears in 1 contract

Samples: Executive Severance Benefits Agreement (Sequus Pharmaceuticals Inc)

Salary Continuation. Executive shall continue to receive his Base Salary for eighteen twenty-four (1824) months following a the effective date of the Change of Control Covered Termination. Such amount Salary continuation payments shall be paid to Executive in regular installments on the normal payroll dates of the Company and or over a shorter period, as determined by the Company. Amounts paid to Executive under this Section 3.1.1 shall be subject to all required tax withholding.

Appears in 1 contract

Samples: Executive Agreement (Geltex Pharmaceuticals Inc)

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