Common use of Base Salary Payment Clause in Contracts

Base Salary Payment. If (a) the Company terminates this Agreement or the Executive's employment without Cause or (b) the Executive resigns because of the uncured material breach by the Company of any term of this Agreement, then in each case the Executive shall be entitled to receive his Base Salary for a period of six months following such termination, payable on a pro rata basis, in accordance with the Company's regular payroll practices. Furthermore, if Executive has not secured regular full-time employment within the six month period following such termination date, the Company will continue to pay his current Base Salary for up to an additional six months or until such time as Executive secures regular full-time employment, whichever is the earlier to occur. The additional six months pay will be evaluated on a monthly basis. Following such termination and in furtherance hereof, Executive agrees to actively seek new regular full-time employment, to provide the Company evidence of his efforts to secure new regular full-time employment and to promptly notify the Company if he secures such employment.

Base Salary Payment. If If (a) the Company terminates this Agreement or the Executive's employment without Cause following the Initial Term or (b) the Executive resigns because of the uncured material breach by the Company of any term of this Agreement, then in each case the Executive shall be entitled to receive his her Base Salary for a period of six months following such termination, payable on a pro rata basis, termination in accordance with the Company's regular payroll practices. Furthermore, if Executive has not secured regular full-time employment within the six month period following such the termination date, the Company will continue to pay his her current Base Salary for up to an additional six eighteen months or until such time as Executive secures regular full-time employment, whichever is the earlier to occur. The additional six eighteen months pay will be evaluated on a monthly basis. Following such termination and in furtherance hereof, Executive agrees to actively seek new regular full-time employment, to provide the Company evidence of his her efforts to secure new regular full-time employment and to promptly notify the Company if he she secures such employment.