Common use of Continued Salary Clause in Contracts

Continued Salary. The Company will pay Executive continuing payments of severance pay at a rate equal to $18,900 per month ($226,800 annually), for six (6) months from the Termination Date (the “Severance Payment Period”), to be paid periodically in accordance with the Company’s normal payroll policies.

Continued Salary. The Company will pay Executive continuing payments of severance pay at a rate equal to $18,900 31,250 per month ($226,800 375,000 annually), for six twelve (612) months from the Termination Date (the “Severance Payment Period”), to be paid periodically in accordance with the Company’s normal payroll policies.