Transition Payments. In the event that Wal-Mart should initiate the termination of the Associate's employment, Wal-Mart will, for a period of two (2) years from the effective date of such termination ("the Transition Period"), continue to pay the Associate his or her base salary at the rate in effect on the date of termination, subject to such withholding as may be required by law and subject to the following conditions and offsets:
Appears in 5 contracts
Samples: Special Stock Option (Wal Mart Stores Inc), Special Stock Option (Wal Mart Stores Inc), Special Stock Option (Wal Mart Stores Inc)
Transition Payments. In the event that Wal-Mart should initiate the termination of the Associate's ’s employment, Wal-Mart will, for a period of two (2) years from the effective date of such termination ("“the Transition Period"”), continue to pay the Associate his or her base salary at the rate in effect on the date of termination, subject to such withholding as may be required by law and subject to the following conditions and offsets:
Appears in 4 contracts
Samples: Separation Agreement (Wal Mart Stores Inc), Retirement Agreement (Wal Mart Stores Inc), Wal Mart Stores Inc
