Common use of Continuation of Base Salary Clause in Contracts

Continuation of Base Salary. Executive shall be entitled to continuation of Executive’s then-existing Base Salary through the end of the Term or for 24 months, whichever is longer; provided, however, that if Executive’s employment terminates as a result of the Company’s failure to renew this Agreement as provided in Paragraph 1, Executive shall be entitled to continuation of Executive’s then-existing Base Salary for a period of twelve (12) months. Subject to Paragraph 4(c), the Base Salary continuation payments shall be paid in equal installments in accordance with the Company’s standard payroll practice.

Appears in 2 contracts

Sources: Employment Agreement (Center for Wound Healing, Inc.), Employment Agreement (Center for Wound Healing, Inc.)

Continuation of Base Salary. Executive shall be entitled to continuation of Executive’s then-existing Base Salary through the end of the Term or for 24 months, whichever is longer; provided, however, that if Executive’s employment terminates as a result of the Company’s failure to renew this Agreement as provided in Paragraph 1, Executive shall be entitled to continuation of Executive’s then-existing Base Salary for a period of twelve (12) months. Subject to Paragraph 4(c), the The Base Salary continuation payments shall be paid in equal installments in accordance with when such Base Salary would otherwise be due but for the Companytermination of Executive’s standard payroll practiceemployment.

Appears in 1 contract

Sources: Employment Agreement (Center for Wound Healing, Inc.)