Common use of Amount of Post-Employment Base Salary Clause in Contracts

Amount of Post-Employment Base Salary. The Company shall pay to Executive an amount equal to 24 months (the “Severance Period”) of base salary at the rate in effect on the date of Executive’s separation from service (the “Termination Date”). Subject to Sections 4(d) and 21, such amount shall be paid in accordance with the Company’s regular payroll procedures for similarly situated executives commencing on the Termination Date.

Appears in 5 contracts

Samples: Executive Agreement (Penn National Gaming Inc), Executive Agreement (Penn National Gaming Inc), Executive Agreement (Penn National Gaming Inc)

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Amount of Post-Employment Base Salary. The Company shall pay to Executive an amount equal to 24 18 months (the “Severance Period”) of base salary at the rate in effect on the date of Executive’s separation from service (the “Termination Date”). Subject to Sections 4(d) and 21, such amount shall be paid in accordance with the Company’s regular payroll procedures for similarly situated executives commencing on the Termination Date.

Appears in 4 contracts

Samples: Executive Agreement (Penn National Gaming Inc), Executive Agreement (Penn National Gaming Inc), Executive Agreement (Penn National Gaming Inc)

Amount of Post-Employment Base Salary. The Subject to Sections 4(d) and 21, the Company shall pay to Executive an amount equal to 24 months (the “Severance Period”) of base salary at the rate in effect on the date of Executive’s separation from service (the “Termination Date”). Subject to Sections 4(d) and 21, such Such amount shall be paid over the Severance Period in accordance with the Company’s regular payroll procedures for similarly situated executives commencing on following the Termination Date.

Appears in 2 contracts

Samples: Executive Agreement (Penn National Gaming Inc), Executive Agreement (Penn National Gaming Inc)

Amount of Post-Employment Base Salary. The Subject to Sections 5(e) and 22, the Company shall pay to Executive an amount equal to 24 months (the “Severance Period”) of base salary at the rate in effect on the date of Executive’s separation from service (the “Termination Date”). Subject to Sections 4(d) and 21, such Such amount shall be paid over the Severance Period in accordance with the Company’s regular payroll procedures for similarly situated executives commencing on following the Termination Date.

Appears in 2 contracts

Samples: Executive Agreement (Penn National Gaming Inc), Executive Agreement (Penn National Gaming Inc)

Amount of Post-Employment Base Salary. The Company shall pay to Executive an amount equal to 24 months the greater of (i) the “Severance Period”) product of base salary at 1.5 times the annual rate of Base Salary in effect for Executive on the date Termination Date or (ii), if such termination takes place during the Initial Term, the product of Executive’s separation from service (the “Termination Date”). Subject to Sections 4(d) and 21, such amount shall be paid number of months remaining in accordance with the Company’s regular payroll procedures Initial Term times the monthly rate of Base Salary in effect for similarly situated executives commencing on Executive as of the Termination Date.

Appears in 2 contracts

Samples: Employment Agreement (Penn National Gaming Inc), Employment Agreement (Penn National Gaming Inc)

Amount of Post-Employment Base Salary. The Subject to Sections 4(d) and 21, the Company shall pay to Executive an amount equal to 24 months (the “Severance Period”) of base salary at a rate equal to the rate greater of (i) the base salary set forth in Section 1(a)(i)(a) or (ii) the base salary in effect on the date of Executive’s separation from service (the “Termination Date”). Subject to Sections 4(d) and 21, such Such amount shall be paid over the Severance Period in accordance with the Company’s regular payroll procedures for similarly situated executives commencing on following the Termination Date.

Appears in 1 contract

Samples: Executive Agreement (Penn National Gaming Inc)

Amount of Post-Employment Base Salary. The Subject to Sections 5(d) and 22, the Company shall pay to Executive an amount equal to his base salary for a period equal to the remaining weeks of the Term, such weeks not to exceed 24 months of base salary (the “Severance Period”) of base salary at the rate in effect on the date of Executive’s separation from service (the “Termination Date”). Subject to Sections 4(d) and 21, such Such amount shall be paid in accordance with the Company’s regular payroll procedures for similarly situated executives commencing on following the Termination Date.

Appears in 1 contract

Samples: Executive Agreement (Penn National Gaming Inc)

Amount of Post-Employment Base Salary. The Subject to Sections 5(e) and 22, the Company shall pay to Executive an amount equal to 24 18 months (the "Severance Period'') of base salary at the rate in effect on the date of Executive’s 's separation from service (the "Termination Date"). Subject to Sections 4(d) and 21, such Such amount shall be paid over the Severance Period in accordance with the Company’s 's regular payroll procedures for similarly situated executives commencing on following the Termination Date.

Appears in 1 contract

Samples: Executive Agreement (PENN Entertainment, Inc.)

Amount of Post-Employment Base Salary. The Subject to Sections 5(e) and 22, the Company shall pay to Executive an amount equal to 24 months (the “Severance Period”) of base salary at a rate equal to the rate greater of (i) the base salary set forth in Section 1(a)(i) or (ii) the base salary in effect on the date of Executive’s separation from service (the “Termination Date”). Subject to Sections 4(d) and 21, such Such amount shall be paid over the Severance Period in accordance with the Company’s regular payroll procedures for similarly situated executives commencing on following the Termination Date.

Appears in 1 contract

Samples: Executive Agreement (Penn National Gaming Inc)

Amount of Post-Employment Base Salary. The Subject to Sections 5(c) and 22, the Company shall pay to Executive an amount equal to 24 18 months (the “Severance Period”) of base salary at the rate in effect on the date of Executive’s separation from service (the “Termination Date”). Subject to Sections 4(d) and 21, such Such amount shall be paid in accordance with the Company’s regular payroll procedures for similarly situated executives commencing on following the Termination Date.

Appears in 1 contract

Samples: Executive Agreement (Penn National Gaming Inc)

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Amount of Post-Employment Base Salary. The Subject to Sections 5(e) and 22, the Company shall pay to Executive an amount equal to 24 18 months (the “Severance Period”) of base salary at the rate in effect on the date of Executive’s separation from service (the “Termination Date”). Subject to Sections 4(d) and 21, such Such amount shall be paid over the Severance Period in accordance with the Company’s regular payroll procedures for similarly situated executives commencing on following the Termination Date.

Appears in 1 contract

Samples: Executive Agreement (PENN Entertainment, Inc.)

Amount of Post-Employment Base Salary. The Subject to Sections 4(d) and 21, the Company shall pay to Executive an amount equal to 24 18 months (the “Severance Period”) of base salary at a rate equal to the rate greater of (i) the base salary set forth in clause (i) of the second paragraph of Section 1 or (ii) the base salary in effect on the date of Executive’s separation from service (the “Termination Date”). Subject to Sections 4(d) and 21, such Such amount shall be paid over the Severance Period in accordance with the Company’s regular payroll procedures for similarly situated executives commencing on following the Termination Date.

Appears in 1 contract

Samples: Executive Agreement (Penn National Gaming Inc)

Amount of Post-Employment Base Salary. The Subject to Sections 5(d) and 22, the Company shall pay to Executive an amount equal to 24 months (the “Severance Period”) of base salary at the rate in effect on the date of Executive’s separation from service (the “Termination Date”). Subject to Sections 4(d) and 21, such Such amount shall be paid over the Severance Period in accordance with the Company’s regular payroll procedures for similarly situated executives commencing on following the Termination Date.

Appears in 1 contract

Samples: Executive Agreement (Penn National Gaming Inc)

Amount of Post-Employment Base Salary. The Company shall pay to Executive an amount equal to 24 months (the “Severance Period”) of base salary at the rate in effect on the date of Executive’s separation from service (the “Termination Date”). Subject to Sections 4(d5(d) and 2122, such amount shall be paid in accordance with the Company’s regular payroll procedures for similarly situated executives commencing on the Termination Date.

Appears in 1 contract

Samples: Executive Agreement (Penn National Gaming Inc)

Amount of Post-Employment Base Salary. The Subject to Sections 5(e) and 22, the Company shall pay to Executive an amount equal to 24 18 months (the "Severance Period") of base salary at the rate in effect on the date of Executive’s 's separation from service (the "Termination Date"). Subject to Sections 4(d) and 21, such Such amount shall be paid over the Severance Period in accordance with the Company’s 's regular payroll procedures for similarly situated executives commencing on following the Termination Date.

Appears in 1 contract

Samples: Executive Agreement (Penn National Gaming Inc)

Amount of Post-Employment Base Salary. The Subject to Sections 5(d) and 22, the Company shall pay to Executive an amount equal to 24 18 months (the “Severance Period”) of base salary at the rate in effect on the date of Executive’s separation from service (the “Termination Date”). Subject to Sections 4(d) and 21, such Such amount shall be paid in accordance with the Company’s regular payroll procedures for similarly situated executives commencing on following the Termination Date.

Appears in 1 contract

Samples: Executive Agreement (Penn National Gaming Inc)

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