Additional Base Salary. Severance pay based upon your base salary shall be paid for an additional thirty months beyond the period paid pursuant to Section E(1). Such additional base salary payable as severance pay shall be paid to you in a single, undiscounted, lump sum payment within ten days following the Date of Termination unless you previously have requested in writing to receive such amount in regular monthly payments during the Severance Pay Period.
Additional Base Salary. The Company shall continue to pay the Executive for a period of two (2) years following the Termination Date an amount equal to his Base Salary as in effect immediately prior to the Termination Date, such payments to be made in accordance with the Company's customary practices applicable to its executive officers generally;
Additional Base Salary. Severance pay based upon your base salary shall be paid for an additional ______ [for all Executive Officers, including the CEO - twelve] months beyond the period paid pursuant to Section E(1). Such additional base salary payable as severance shall be paid to you in a single, undiscounted lump sum payment within ten days after the effective date of your Release of Claims; provided however, if such payment could be made in more than one taxable year depending on when you sign the Release of Claims, the ten-day limit for payment does not apply; under such circumstances payment still will be made within 70 days of your Date of Termination, but payment automatically will be made as soon as administratively feasible in the later taxable year regardless of when you sign the Release of Claims, but in no event after March 15th of such later taxable year.
Additional Base Salary. In addition to the base salary set forth in Section 5(a) of the Original Employment Agreement (the "Original Base Salary"), for the 1998 Calendar Year, the Company shall pay the Employee an additional base salary of $184,991 (the "Additional Base Salary"), payable in 24 equal installments at the same time and in the same manner as the Original Base Salary. The Additional Base Salary shall be applicable only for the 1998 Calendar Year. If, during the 1998 Calendar Year, the Employee's employment is terminated by the Company for "just cause" (as defined in the Original Employment Agreement) other than due to the death of the Employee or by the Employee, then the Employee shall receive payment of the Additional Base Salary accrued through the date of termination of employment, and the Company shall have no further obligation with respect to the payment of the Additional Base Salary. If, during the 1998 Calendar Year, the Employee's employment is terminated due to the death of the Employee or by the Company for any reason other than just cause, then the Employee (or his beneficiaries) shall receive payment of the Additional Base Salary for the remainder of the 1998 Calendar Year in the manner set forth in the preceding paragraph. In the event the Employee is not an employee of the Company at the time of any payment of the Additional Base Salary, the Additional Base Salary shall be treated as a salary continuation by the Company. The Additional Base Salary shall be excluded from the calculation of the Employee's severance pay under Section 8(b) of the Original Employment Agreement.
Additional Base Salary. The Company shall continue to pay the Executive for a period of two (2) years and three (3) months following the Termination Date his Base Salary (as such term is defined in the Employment Agreement) as in effect immediately prior to the Termination Date, aggregating $2,205,000, such payments to be made in accordance with the Company’s customary practices applicable to its executive officers generally, provided, however, that the first such payment shall be made on August 10, 2007 (the New Payment Date) and shall equal $490,000 (the amount that otherwise would have been paid to the Executive during the period between the Termination Date and the New Payment Date). Thereafter, the balance shall be paid without delay over the time period originally scheduled in accordance with the Company’s regular payroll practices.
Additional Base Salary. Severance pay based upon your base salary shall be paid for an additional _______ [for the CEO and certain other Executive Officers - thirty; for all other Executive Officers - twenty-four or eighteen] months beyond the period paid pursuant to Section E(1). Such additional base salary payable as severance shall be paid to you in a single, undiscounted lump sum payment within ten days after the effective date of your Release of Claims; provided however, if such payment could be made in more than one taxable year depending on when you sign the Release of Claims, the ten-day limit for payment does not apply; under such circumstances, payment still will be made within 70 days of your Date of Termination, but payment automatically will be made as soon as administratively feasible in the later taxable year regardless of when you sign the Release of Claims.
Additional Base Salary. Employer shall cause additional payments to the Employee for his role as Chief Technology Officer from each of its wholly-owned subsidiaries Parallax Health Management, Inc. and Parallax Behavioral Health, Inc. as follows:
1. During the first-year of the term hereof, shall pay Employee a base salary at the rate of Thirty-Six Thousand Dollars ($36,000) per annum, payable semi- monthly; and
2. During the subsequent second-year of the term, Employer agrees to pay Employee a base salary at the rate of Forty-Five Thousand Dollars ($45,000) per annum, payable semi-monthly; and
3. During the subsequent third-year of the term, Employer agrees to pay Employee a base salary at the rate of Sixty Thousand Dollars ($60,000) per annum, payable semi-monthly. The total aggregate amount of compensation for the Employee in Sections 5(i) and 5(ii) above is; $222,000 in year one, $265,000 in year two and $320,000 in year three. If this Agreement is renewed for a subsequent term or terms, base salary shall be increased pursuant to; a) a minimum of Ten-Percent (10%) per year (the “Minimum Increase”); or b) as the Board of Directors shall determine if in excess to the Minimum Increase. Future salary increases will be subject to mutual agreement in accordance with job performance. Notwithstanding the foregoing, in the event the Employer has not reached positive cash flow breakeven from operations or has not become profitable through extraordinary gains, (the “Trigger Event”) the base salary shall remain at the rate of Two-Hundred Twenty Thousand Dollars ($220,000) per annum or previous year as the case may be, payable semi-monthly until such time as the Trigger Event transpires.
Additional Base Salary. During the Service Term, the Company will pay Executive during the first year upon up listing to Nasdaq or annually whichever occurs first (the vesting period) and vesting annually in subsequent years additional base salary (the "Additional Base Salary") as the Board may designate from time to time. The initial Additional Base Salary shall consist of 10,000 preferred non-dilutable "I" Shares at a stated value of $4 per share equal to $40,000 per annum. The Additional Base Salary may be increased (but not decreased) from time to time during the Service Term by the Board based upon the Company's and Executive's performance.
Additional Base Salary. (i) After the Resignation Date and until the Retirement Date, assuming he is employed by CH2M HILL, the Executive shall receive supplemental salary adjustment of up to $24,478 per month to increase total monthly compensation to $86,666, ($62,188 plus $24,478), representing an annual salary rate of approximately $1,040,000.
(ii) The additional compensation available to the Executive under the provisions of this Section 5(a) is up to $232,541.
Additional Base Salary. Severance pay based upon your base salary shall be paid for an additional _______ [for the CEO
