Base Salary Defined. For purposes of this Agreement, the term “base salary” shall include any amounts deducted pursuant to Sections 125 and 401(k) of the Internal Revenue Code of 1986, as amended, (the “Code”). Amounts paid pursuant to this section 7 shall be deemed severance pay and in lieu of any further salary for periods subsequent to the Date of Termination.
Appears in 6 contracts
Samples: Employment Agreement (Encore Bancshares Inc), Employment Agreement (Encore Bancshares Inc), Employment Agreement (Encore Bancshares Inc)
Base Salary Defined. For purposes of this Agreement, the term “base salaryBase Salary” shall include any amounts deducted pursuant to Sections 125 and 401(k) of the Internal Revenue Code of 1986, as amended, (the “Code”). Amounts other than the Accrued Rights paid pursuant to this section 7 Section 8 shall be deemed severance pay and in lieu of any further salary for periods subsequent to the Date of Termination.
Appears in 4 contracts
Samples: Executive Employment Agreement (Spirit of Texas Bancshares, Inc.), Executive Employment Agreement (Spirit of Texas Bancshares, Inc.), Executive Employment Agreement (Spirit of Texas Bancshares, Inc.)
Base Salary Defined. For purposes of this Agreement, the term “base salary” shall include any amounts deducted pursuant to Sections 125 and 401(k) of the Internal Revenue Code of 1986, as amended, (the “Code”). Amounts paid pursuant to this section 7 shall be deemed severance pay and in lieu of any further salary for periods subsequent to the Date of Termination.
Appears in 4 contracts
Samples: Change in Control Agreement (Encore Bancshares Inc), Change in Control Agreement (Encore Bancshares Inc), Change in Control Agreement (Encore Bancshares Inc)
Base Salary Defined. For purposes of this Agreement, the term “base salaryBase Salary” shall include any amounts deducted pursuant to Sections 125 and 401(k) of the Internal Revenue Code of 1986, as amended, (the “Code”). Amounts paid pursuant to this section 7 Section 8 shall be deemed severance pay and in lieu of any further salary for periods subsequent to the Date of Termination.
Appears in 3 contracts
Samples: Executive Employment Agreement (Spirit of Texas Bancshares, Inc.), Executive Employment Agreement (Spirit of Texas Bancshares, Inc.), Executive Employment Agreement (Spirit of Texas Bancshares, Inc.)
Base Salary Defined. For purposes of this Agreement, the term “base salaryBase Salary” shall include any amounts deducted pursuant to Sections 125 and 401(k) of the Internal Revenue Code of 1986, as amended, (the “Code”). Amounts other than the Accrued Rights paid pursuant to this section 7 Section 8 shall be deemed severance pay and in lieu of any further salary for periods subsequent to the Date of Termination.
Appears in 2 contracts
Samples: Executive Employment Agreement (Spirit of Texas Bancshares, Inc.), Executive Employment Agreement (Spirit of Texas Bancshares, Inc.)
Base Salary Defined. For purposes of this Agreement, the term “base salaryBase Salary” shall include any amounts deducted pursuant to Sections 125 and 401(k) of the Internal Revenue Code of 1986, as amended, amended (the “Code”). Amounts paid pursuant to this section 7 Section 8 shall be deemed severance pay and in lieu of any further salary for periods subsequent to the Date of Termination.
Appears in 2 contracts
Samples: Executive Employment Agreement (Spirit of Texas Bancshares, Inc.), Executive Employment Agreement (Spirit of Texas Bancshares, Inc.)
