Common use of Base Salary and Payment Schedule Clause in Contracts

Base Salary and Payment Schedule. The Company shall, for a period of thirty-six (36) months from the date of termination, pay to Executive the highest Base Salary paid during the period including the year in which such termination occurs and the preceding two (2) years, in accordance with the normal payroll policies of the Company. Executive shall also be entitled to a payment ("Vacation Payment") attributable to Base Salary for unused vacation accrued. Such Vacation Payment shall be made to Executive in a lump sum within thirty (30) days following the date of Executive's termination of employment.

Appears in 1 contract

Samples: Executive Employment Agreement (Environmental Tectonics Corp)

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Base Salary and Payment Schedule. The Company shall, for a period of thirtytwenty-six four (3624) months from the date of termination, pay to Executive the highest Base Salary paid during the period including the year in which such termination occurs and the preceding two (2) years, in accordance with the normal payroll policies of the Company. Executive shall also be entitled to a payment ("Vacation Payment") attributable to Base Salary for unused vacation accrued. Such Vacation Payment shall be made to Executive in a lump sum within thirty thirty-days (30) days following the date of Executive's ’s termination of employment.

Appears in 1 contract

Samples: Executive Employment Agreement (Environmental Tectonics Corp)

Base Salary and Payment Schedule. The Company shall, for a period of thirty-six three (363) months from the date of termination, pay to Executive Manager the highest Base Salary paid during the period including the year in which such termination occurs and the preceding two (2) years, in accordance with the normal usual payroll policies of the Company. Executive Manager shall also be entitled to a payment ("Vacation Payment") attributable to Base Salary for unused vacation accrued. Such Vacation Payment shall be made to Executive Manager in a lump sum within thirty (30) days following the date of Executive's Manager’s termination of employment.

Appears in 1 contract

Samples: Manager Employment Agreement (American Access Technologies Inc)

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Base Salary and Payment Schedule. The Company shall, for a period of thirty-six (366) months from the date of termination, pay to Executive the highest Base Salary paid during the period including the year in which such termination occurs and the preceding two (2) years, in accordance with the normal usual payroll policies of the Company. Executive shall also be entitled to a payment ("Vacation Payment") attributable to Base Salary for unused vacation accrued. Such Vacation Payment shall be made to Executive in a lump sum within thirty (30) days following the date of Executive's ’s termination of employment.

Appears in 1 contract

Samples: Executive Employment Agreement (American Access Technologies Inc)

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