Annual Base Salary Continuation. For a period of twelve (12) months beginning in the month immediately subsequent to the month in which the Date of Termination occurs, the Company shall pay to Employee, on a bi-weekly basis consistent with its then-existing payroll practices, an amount equal to one/twenty-sixth (1/26th) of the Employee’s then-current Annual Base Salary; provided, however, that during months seven (7) through twelve (12) of such period, the amount of such payments shall be reduced by the amounts, if any, earned by the Employee during such months as a result of self-employment and/or employment with another employer. As a condition of payment during months seven (7) through twelve (12), the Employee agrees to provide the Company with verification, reasonably acceptable to Company, substantiating the amounts of any such earnings or the Employee’s lack of other employment as the case may be.
Annual Base Salary Continuation. For a period of twelve months beginning in the month immediately subsequent to the month in which the Date of Termination occurs, the Company shall pay to the Executive, on a semi-monthly basis consistent with its then-existing payroll practices, an amount equal to one/twenty-fourth (1/24th) of the Executive's then-current Annual Base Salary. The Company at any time may elect to pay the balance of such payments then remaining in a lump sum, without discount.
Annual Base Salary Continuation. For the ------------------------------- remainder of the Employment Period, the Company shall pay to the Executive, the Executive's then-current Annual Base Salary as would have been paid to the Executive had the Executive remained in the Company's employ throughout the Employment Period; provided that in all cases the Executive shall receive, at minimum, the then-current Annual Base Salary for a period beginning on the Date of Termination and ending two years thereafter. The Company at any time may elect to pay the balance of such payments then remaining in a lump sum, in which case the total of such payments shall be discounted to present value on the basis of the applicable Federal short-term monthly rate as determined according to Code Section 1274(d) for the month in which the Executive's Date of Termination occurred.
Annual Base Salary Continuation. For a period of twelve (12) months beginning in the month immediately subsequent to the month in which the Date of Termination occurs, the Company shall pay to the Employee, on a semi-monthly basis consistent with its then-existing payroll practices, an amount equal to one/twenty-fourth (1/24th) of the Employee's then-current Annual Base Salary; provided, however, that during months seven (7) through twelve (12) of such period, the amount of such payments shall be reduced by the amounts, if any, earned by the Employee during such months as a result of self-employment and/or employment with another employer. As a condition of payment during months seven through twelve, the Employee agrees to provide the Company with verification, reasonably acceptable to the Company, substantiating the amounts of any such earnings or the Employee's lack of other employment, as the case may be. The Company at any time may elect to pay the balance of such payments then remaining in a lump sum, without discount.
Annual Base Salary Continuation. For a period of twenty-four (24) months beginning in the month immediately subsequent to the month in which the Date of Termination occurs, the Company shall pay to the Executive, on a semi-monthly basis consistent with its then-existing payroll practices, an amount equal to one/twenty-fourth (1/24th) of the Executive's then-current Annual Base Salary; provided, however, that during months thirteen (13) through twenty-four (24) of such period, the amount of such payments shall be reduced by the amounts, if any, earned by the Executive during such months as a result of self-employment and/or employment with another employer. As a condition of payment during months thirteen through twenty-four, the Executive agrees to provide the Company with verification, reasonably acceptable to the Company, substantiating the amounts of any such earnings or the Executive's lack of other employment, as the case may be. The Company at any time may elect to pay the balance of such payments then remaining in a lump sum, without discount.
