Common use of Salary Continuation Clause in Contracts

Salary Continuation. The Executive will be entitled to receive an amount equal to the sum of: (i) two (2) times the Executive's Base Salary in effect at the time of termination of employment and (ii) two (2) times an amount equal to the product of (A) the Executive's Base Salary in effect at the time of termination of employment and (B) the Executive's Target Bonus Percentage for the year of the Executive's termination of employment, or if the Target Bonus Percentage has not been set for such year as of the date of termination of employment, the Target Bonus Percentage for the immediately preceding year (the sum of (i) and (ii), the "Termination Payments"), such amount to be payable in equal installments payable over the Payment Period. Termination Payments shall be paid to the Executive in accordance with the Company's regular payroll schedule for the duration of the Payment Period. In the event that the Executive dies while any Termination Payments are still payable to the Executive hereunder, unless otherwise provided herein, all such unpaid amounts shall be paid, not later than the tenth (10th) business day following the Executive's death, to the Executive's beneficiary as named on the Executive's ESOP beneficiary forms, or, if no such beneficiary is so named, then to the Executive's estate, in the form of a lump sum cash payment equal to the remaining Termination Payments.

Salary Continuation. The Executive will be entitled to receive an amount equal to the sum of: (i) two (2) times the Executive's ’s Base Salary in effect at the time of termination of employment and (ii) two (2) times an amount equal to the product of (A) the Executive's ’s Base Salary in effect at the time of termination of employment and (B) the Executive's ’s Target Bonus Percentage for the year of the Executive's ’s termination of employment, or if the Target Bonus Percentage has not been set for such year as of the date of termination of employment, the Target Bonus Percentage for the immediately preceding year (the sum of (i) and (ii), the "“Termination Payments"”), such amount to be payable in equal installments payable over the Payment Period. Termination Payments shall be paid to the Executive in accordance with the Company's ’s regular payroll schedule for the duration of the Payment Period. In the event that the Executive dies while any Termination Payments are still payable to the Executive hereunder, unless otherwise provided herein, all such unpaid amounts shall be paid, not later than the tenth (10th) business day following the Executive's ’s death, to the Executive's ’s beneficiary as named on the Executive's ESOP ’s 401(k) Plan beneficiary forms, or, if no such beneficiary is so named, then to the Executive's ’s estate, in the form of a lump sum cash payment equal to the remaining Termination Payments.

Salary Continuation. The Executive will be entitled to receive an amount equal to the sum of: (i) two one (21) times the Executive's ’s Base Salary in effect at the time of termination of employment and (ii) two one (21) times an amount equal to the product of (A) the Executive's ’s Base Salary in effect at the time of termination of employment and (B) the Executive's ’s Target Bonus Percentage for the year of the Executive's ’s termination of employment, or if the Target Bonus Percentage has not been set for such year as of the date of termination of employment, the Target Bonus Percentage for the immediately preceding year (the sum of (i) and (ii), the "“Termination Payments"”), such amount to be payable in equal installments payable over the Payment Period. Termination Payments shall be paid to the Executive in accordance with the Company's regular ’s payroll schedule as in effect on the Effective Date for the duration of the Payment Period. In the event that the Executive dies while any Termination Payments are still payable to the Executive hereunder, unless otherwise provided herein, all such unpaid amounts shall be paid, not later than the tenth (10th) business day following the Executive's ’s death, to the Executive's ’s beneficiary as named on the Executive's ESOP ’s 401(k) Plan beneficiary forms, or, if no such beneficiary is so named, then to the Executive's ’s estate, in the form of a lump sum cash payment equal to the remaining Termination Payments. Notwithstanding the foregoing, if such termination occurs upon or within the two-year period after a Change of Control (provided that such Change of Control constitutes a “change in control event” within the meaning of Section 409A of the Code), subject to clauses (i), (ii) and (iii) of the lead-in paragraph of this Section 10, the Termination Payments will be paid to the Executive in a lump-sum within 30 days following the date of termination.

Salary Continuation. The Executive will be entitled to receive an amount equal to the sum of: ; (i) two one (21) times the Executive's ’s Base Salary in effect at the time of termination of employment and (ii) two one (21) times an amount equal to the product of (A) the Executive's ’s Base Salary in effect at the time of termination of employment and (B) the Executive's ’s Target Bonus Percentage for the year of the Executive's ’s termination of employment, or if the Target Bonus Percentage has not been set for such year as of the date of the termination of employment, the Target Bonus Percentage for the immediately preceding year (the sum of (i) and (ii), the "“Termination Payments"”), such amount to be payable in equal installments payable over the Payment Period. Termination Payments shall be paid to the Executive in accordance with the Company's ’s regular payroll schedule for the duration of the Payment Period. In the event that the Executive dies while any Termination Payments are still payable to the Executive hereunder, unless otherwise provided herein, all such unpaid amounts shall be paid, not later than the tenth (10th) business day following the Executive's ’s death, to the Executive's ’s beneficiary as named on the Executive's ESOP ’s 401(k) plan beneficiary forms, or, if no such beneficiary is so named, then to the Executive's ’s estate, in the form of a lump sum cash payment equal to the remaining Termination Payments.

Salary Continuation. The Executive will be entitled to receive an amount equal to the sum of: (i) two one (21) times the Executive's ’s Base Salary in effect at the time of termination of employment and (ii) two one (21) times an amount equal to the product of (A) the Executive's ’s Base Salary in effect at the time of termination of employment and (B) the Executive's ’s Target Bonus Percentage for the year of the Executive's ’s termination of employment, or if the Target Bonus Percentage has not been set for such year as of the date of termination of employment, the Target Bonus Percentage for the immediately preceding year (the sum of (i) and (ii), the "“Termination Payments"”), such amount to be payable in equal installments payable over the Payment Period. Termination Payments shall be paid to the Executive in accordance with the Company's ’s regular payroll schedule for the duration of the Payment Period. In the event that the Executive dies while any Termination Payments are still payable to the Executive hereunder, unless otherwise provided herein, all such unpaid amounts shall be paid, not later than the tenth (10th) business day following the Executive's ’s death, to the Executive's ’s beneficiary as named on the Executive's ’s ESOP beneficiary forms, or, if no such beneficiary is so named, then to the Executive's ’s estate, in the form of a lump sum cash payment equal to the remaining Termination Payments.

Salary Continuation. The Executive will be entitled to receive an amount equal to the sum of: (i) two one (21) times the Executive's ’s Base Salary in effect at the time of termination of employment and (ii) two one (21) times an amount equal to the product of (A) the Executive's ’s Base Salary in effect at the time of termination of employment and (B) the Executive's ’s Target Bonus Percentage for the year of the Executive's ’s termination of employment, or if the Target Bonus Percentage has not been set for such year as of the date of termination of employment, the Target Bonus Percentage for the immediately preceding year (the sum of (i) and (ii), the "“Termination Payments"”), such amount to be payable in equal installments payable over the Payment Period. Termination Payments shall be paid to the Executive in accordance with the Company's regular ’s payroll schedule as in effect on the Effective Date for the duration of the Payment Period. In the event that the Executive dies while any Termination Payments are still payable to the Executive hereunder, unless otherwise provided herein, all such unpaid amounts shall be paid, not later than the tenth (10th) business day following the Executive's ’s death, to the Executive's ’s beneficiary as named on the Executive's ESOP ’s 401(k) Plan beneficiary forms, or, if no such beneficiary is so named, then to the Executive's ’s estate, in the form of a lump sum cash payment equal to the remaining Termination Payments. Notwithstanding the foregoing, if such termination occurs upon or within the two-year period after a Change of Control (provided that such Change of Control constitutes a “change in control event” within the meaning of Section 409A of the Code), subject to clauses (i), (ii) and (iii) of the lead-in paragraph of this Section 10, the Termination Payments will be paid to the Executive in a lump-sum within 30 days following the date of termination.