Common use of Base Salary Continuation Benefit Clause in Contracts

Base Salary Continuation Benefit. Continuation of Employee's base salary in effect on Employee's termination date for a period of 12 (months) months following such termination date, with such base salary to be paid in installments on the Company's regular payroll dates beginning on the earlier of (A) the first regular payroll date following the date on which the Release (as defined in Section 5) becomes effective and (B) the seventy-fourth (74th) day following Employee’s termination date; provided that if such seventy-four (74) day period spans two calendar years, the installment payments shall begin in the second such calendar year. The initial payment of continued base salary will include a catch-up payment consisting of the installments that otherwise would have been paid on the regular payroll dates occurring between Employee’s termination date and such initial payment date.

Base Salary Continuation Benefit. Continuation of Employee's ’s base salary in effect on Employee's ’s termination date for a period of 12 [●] (months[●]) months following such termination date, with such base salary to be paid in installments on the Company's ’s regular payroll dates beginning on the earlier of (A) the first regular payroll date following the date on which the Release (as defined in Section 5) becomes effective and (B) the seventy-fourth (74th) day following Employee’s termination date; provided that if such seventy-four (74) day period spans two calendar years, the installment payments shall begin in the second such calendar year. The initial payment of continued base salary will include a catch-up payment consisting of the installments that otherwise would have been paid on the regular payroll dates occurring between Employee’s termination date and such initial payment date.

Base Salary Continuation Benefit. Continuation of Employee's base salary in effect on Employee's termination date for a period of 12 twelve (months12) months following such termination date, with such base salary to be paid in installments on the Company's regular payroll dates beginning on the earlier of (A) the first regular payroll date following the date on which the Release (as defined in Section 5) becomes effective and (B) the seventy-fourth (74th) day following Employee’s termination date; provided that if such seventy-four (74) day period spans two calendar years, the installment payments shall begin in the second such calendar year. The initial payment of continued base salary will include a catch-up payment consisting of the installments that otherwise would have been paid on the regular payroll dates occurring between Employee’s termination date and such initial payment date.