Common use of Salary Continuation Payment Clause in Contracts

Salary Continuation Payment. Upon Termination on Change in Control, Executive will receive cash payments for a period of 24 months equal to the highest monthly base salary he has received in any of the 24 months prior to termination.

Appears in 1 contract

Sources: Employment Agreement (First Community Financial Group Inc)

Salary Continuation Payment. Upon Termination on Change in Control, Control Executive will receive cash payments for a period of 24 months equal to the highest monthly base salary he has received in any of the 24 months prior to termination.

Appears in 1 contract

Sources: Employment Agreement (First Community Financial Group Inc)