Common use of Salary Continuation Payments Clause in Contracts

Salary Continuation Payments. The Executive shall be eligible to receive his base salary for a total period of six (6) 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

Salary Continuation Payments. The Executive shall be eligible to receive his continued payment of the Executive’s then-current base salary for a total period of six (6) months at the annualized rate in effect for him under Paragraph 3 at the time of his terminationmonths. The first such payment shall be made on the sixtiethsixtieth (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 his continued payment of the Executive’s then-current base salary for a total period of six (6) months at the annualized rate in effect for him under Paragraph 3 at the time of his termination6)- month. The first such payment shall be made on the sixtiethsixtieth (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 his continued payment of the Executive’s then-current base salary for a total period of six (6) months at the annualized rate in effect for him under Paragraph 3 at the time of his termination6)- month. The first such payment shall be made on the sixtiethsixtieth (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.

Salary Continuation Payments. The Executive shall be eligible to receive his continued payment of the Executive’s then-current base salary for a total period of six (6) months at the annualized rate in effect for him under Paragraph 3 at the time of his terminationmonths. The first such payment shall be made on the sixtiethsixtieth (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.

Salary Continuation Payments. The Executive shall be eligible to receive his continued payment of the Executive’s then-current base salary for a total period of six (6) months at the annualized rate in effect for him under Paragraph 3 at the time of his terminationmonths. The first such payment shall be made on the sixtiethsixtieth (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.