Common use of Continued Salary Clause in Contracts

Continued Salary. An amount equal to his current Annual Base Salary for the shorter of (A) his Short-Term Disability Period, or (B) the period he remains Disabled. For purposes hereof, Executive’s “current Annual Base Salary” shall be the rate in effect on the day immediately prior to the date upon which the Company is made aware of Executive’s Disability. Executive will receive such salary payments in accordance with the Company’s normal executive payroll processes.

Appears in 1 contract

Sources: Employment and Change in Control Agreement (Interface Inc)

Continued Salary. An amount equal to his current Annual Base Salary salary for the shorter of (A) his Short-Term Disability Period, or (B) the period he remains Disabled. For purposes hereof, Executive’s “current Annual Base Salarysalary” shall be the rate in effect on the day immediately prior to the date upon which the Company is made aware of Executive’s Disability. Executive will receive such salary payments in accordance with the Company’s normal executive payroll processes.

Appears in 1 contract

Sources: Employment Agreement (Interface Inc)