Common use of Annual Salary Clause in Contracts

Annual Salary. An annual salary equal to the annual salary in effect as of the Change in Control. The annual salary shall be payable in installments in accordance with the Company's usual payroll method. The annual salary shall not be reduced during the Contract Period.

Appears in 21 contracts

Samples: Change in Control, Severance and Employment Agreement (Hudson United Bancorp), Change in Control, Severance and Employment Agreement (Hubco Inc), Change in Control, Severance and Employment Agreement (Hudson United Bancorp)

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Annual Salary. An annual Annual salary equal to the annual salary in effect as of the immediately prior to Change in Control. The annual salary shall be payable in installments in accordance with the Company's ’s usual payroll method. The annual salary shall not be reduced during the Contract Period.

Appears in 10 contracts

Samples: Change in Control Agreement (Lakeland Bancorp Inc), Change in Control Agreement (Lakeland Bancorp Inc), Change in Control Agreement (Lakeland Bancorp Inc)

Annual Salary. An annual salary equal to the annual salary in effect as of the Change in Control. The annual salary shall be payable in installments in accordance with the Company's ’s usual payroll method. The annual salary shall not be reduced during the Contract Period.

Appears in 5 contracts

Samples: Change in Control, Severance and Employment Agreement (Hudson United Bancorp), Change in Control, Severance and Employment Agreement (Hudson United Bancorp), Change in Control, Severance and Employment Agreement (Hudson United Bancorp)

Annual Salary. An annual salary equal to the annual salary in effect as of immediately prior to the Change in Control. The annual salary shall be payable in installments in accordance with the Company's ’s usual payroll method. The annual salary shall not be reduced during the Contract Period.

Appears in 2 contracts

Samples: Change in Control, Severance and Employment Agreement (Lakeland Bancorp Inc), Change in Control Agreement (Lakeland Bancorp Inc)

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Annual Salary. An annual salary equal to the annual salary in ------------- effect as of the Change in Control. The annual salary shall be payable in installments in accordance with the Company's usual payroll method. The annual salary shall not be reduced during the Contract Period.

Appears in 1 contract

Samples: Change in Control, Severance and Employment Agreement (Lakeland Bancorp Inc)

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