Common use of Annual Base Salary Continuation Clause in Contracts

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 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 Executive, on a semibi-monthly weekly basis consistent with its then-existing payroll practices, an amount equal to one/twenty-fourth sixth (1/24th1/26th) 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 a period of twelve 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. The Company at any time may elect to pay the balance of such payments then remaining in a lump sum, without discount.