Continued Base Salary Sample Clauses
The Continued Base Salary clause ensures that an employee will continue to receive their regular base salary for a specified period following certain events, such as termination without cause or during a notice period. Typically, this clause outlines the duration of continued payments and any conditions that must be met, such as compliance with post-employment obligations. Its core function is to provide financial stability to the employee during transitions, while also offering the employer a clear framework for severance or notice pay obligations.
Continued Base Salary. The Company will pay Executive a severance payment equal to eighteen (18) months of base salary at the rate in effect immediately prior to the Termination Date, less applicable tax withholding, which will be paid in equal bi-weekly installments beginning on the sixtieth (60th) day following the Termination Date and each payroll date thereafter until fully paid, in accordance with the Company’s regular payroll practices, provided that the first such installment payment will include any unpaid severance payments that would have been made on the normal payroll dates occurring during the first sixty (60) days following the Termination Date.
Continued Base Salary. You will receive continuing payments of severance pay at a rate equal to your base salary for six (6) months from January, 2010 in accordance with the Company’s normal payroll policies, paid biweekly. Your continuation of pay will begin in the payroll period starting January 15, 2010 and you will be paid through payroll period July 2, 2010.
Continued Base Salary. During the 12-month period immediately following the Separation Date, the Company shall continue to pay to Executive Executive’s annual base salary at the rate in effect immediately prior to the Separation Date, subject to required withholding taxes, such payments to be made in accordance with the Company’s standard payroll procedures, provided, that no such payment shall be made until the first regular payroll date that is following the Effective Date, with the first installment to include any amounts that would have been paid had this Agreement been effective and irrevocable on the Separation Date.
Continued Base Salary. You will receive continuing payments of severance pay at a rate equal to your base salary rate, as then in effect, for twelve (12) months from the date of such termination in accordance with the Company’s normal payroll policies; provided, however, that in the event that all of the continuing payments have not been paid as of the last payroll date prior to March 15 of the year following the year during which the termination occurs, the Company will pay all remaining amounts in a lump sum on such payroll date such that no payments to be made pursuant to this Section 1(a) will be made after March 15 of the year following the year during which the termination occurs.
Continued Base Salary. The Company shall continue to pay Executive Executive’s base salary as in effect as of the Effective Date from the Planned Termination Date through June 30, 2020 (the “Severance Period” and such payments, the “Severance Payments”), with the first such payment to occur on the first payroll date after the Release of Claims becomes effective and irrevocable (with the first installment to include any payments that would have been made had the Release of Claims been effective and irrevocable on the Planned Termination Date). Notwithstanding the foregoing, the Severance Payments shall be reduced by any amounts earned by Executive during the Severance Period pursuant to the Consulting Agreement.
Continued Base Salary. If NewMil Bancorp, Inc. terminates the Executive's employment without Cause or if the Executive terminates employment for Good Reason, the Executive's Base Salary and other benefits under Section 4.2 of this Agreement shall continue for a period of 36 months from the date of termination (other than continued participation in NewMil Bancorp, Inc.'s or subsidiary's 401(k) retirement plan(s) or any stock plans). The parties hereto acknowledge and agree that the compensation and benefits that may be payable to the Executive under this Section 6.4 shall not be payable if compensation and benefits are payable or shall have been previously paid to the Executive under Article 7 of this Agreement. That is, the parties acknowledge and agree that the Executive shall not be entitled to duplicate compensation and benefit payments under this Section 6.4 and under Article 7 if the Executive's employment is terminated without Cause or if the Executive terminates employment with Good Reason within 24 months after a Change in Control.
Continued Base Salary. You will receive continuing payments of severance pay at a rate equal to your base salary for six (6) months from the date of termination in accordance with the Company’s normal payroll policies; provided, however, that in the event that all of the continuing payments have not been paid as if the last payroll date prior to March 15 of the year following the year during which the termination occurs, the Company will pay all remaining amounts in a lump sum on such payroll date such that no payments to be made pursuant to this Section A(1) will be made after March 15 of the year following the year during which the termination occurs. From September 11, 2009 to February 26, 2010 you will be paid a total of One Hundred Twelve Thousand Five Hundred dollars ($112,500.00). The bi-weekly salary will be Eight Thousand Six hundred Fifty-Three Dollars and Eighty-Five Cents ($8,653.85).
Continued Base Salary. The Company agrees to continue to pay Executive’s base salary (at the rate of $693,192 per year), less applicable withholdings, for a period of twelve (12) months following the Retirement Date. Such payments will be made in installments in accordance with the Company’s regular payroll practices beginning as of the first regular payroll date following the Effective Date. The Company will pay also Executive a lump sum payment equal to $106,645, less applicable withholdings, no earlier than January 1, 2025 and no later than January 15, 2025.
Continued Base Salary. Monro agrees to pay ▇▇. ▇▇▇▇▇▇ his base salary at its current rate through the Separation Date, less applicable withholding for federal, state, and local taxes, including F.I.C.A.