Base Salary Payment. If the Executive dies, or becomes Disabled, or if the Company terminates the Executive’s employment Without Cause prior to the occurrence of a Change in Control, or if the Executive resigns because of a Breach by the Company of this Agreement, then in each case the Executive (or his heirs or executors) shall be entitled to receive the Executive’s Base Salary for a period of twelve (12) months.
Base Salary Payment. Pursuant to paragraph 4.03(a)(1) of the EEA, on the Payment Date, Ceridian shall pay to you $800,000.00, less applicable withholdings, such amount representing two years’ base salary, which amount includes severance, if any, under the Ceridian Severance Plan.
Base Salary Payment. If prior to the occurrence of a Change in Control (i) the Company terminates the Executive's employment for any reason other than for Cause or the Executive's death or disability or (ii) the Executive resigns because of the breach by the Company of any term of this Agreement (but only if such breach is not remedied by the Company promptly
Base Salary Payment. If (a) the Company terminates this Agreement or the Executive's employment without Cause or (b) the Executive resigns because of the uncured material breach by the Company of any term of this Agreement, then in each case the Executive shall be entitled to receive his Base Salary for a period of six months following such termination, payable on a pro rata basis, in accordance with the Company's regular payroll practices. Furthermore, if Executive has not secured regular full-time employment within the six month period following such termination date, the Company will continue to pay his current Base Salary for up to an additional six months or until such time as Executive secures regular full-time employment, whichever is the earlier to occur. The additional six months pay will be evaluated on a monthly basis. Following such termination and in furtherance hereof, Executive agrees to actively seek new regular full-time employment, to provide the Company evidence of his efforts to secure new regular full-time employment and to promptly notify the Company if he secures such employment.
Base Salary Payment. As soon as is administratively possible after the end of any applicable revocation period for this Agreement, Executive will receive a lump sum payment in the gross amount of $600,000.00, minus any applicable deductions or withholdings or other reductions required by applicable law, which is equivalent to twelve (12) months of Executive’s current base salary. Executive expressly authorizes the Company to make any necessary deductions, withholdings, or other reductions from amounts paid pursuant to this paragraph.
Base Salary Payment. Pursuant to paragraph 4.03(b) of the Agreement, you will receive in a lump sum payment equal to two years’ base salary ($900,000), subject to appropriate withholding, which includes severance, if any, under the Ceridian Severance Plan. You will also receive in a lump sum, fifty thousand dollars ($50,000) which is equal to two years of your annual perquisite supplemental cash adder, which is also subject to withholding. These payments are conditioned upon your executing a release, attached as Exhibit A, releasing all claims against Ceridian. These payments will be made within fifteen (15) days after the termination date of April 1, 2005.
Base Salary Payment. If the Company terminates the Executive's employment without Cause, then the Executive shall be entitled to receive (in addition to the Deferred Payment under Paragraph 3.3) his Base Salary to the date of termination and a lump sum payment equal to one year's Base Salary.
Base Salary Payment. A single lump payment of 250% of your base salary in effect as of the Effective Date of this Agreement (defined in Section 5(c) below), payable within sixty (60) days of the Effective Date; provided that, you hereby acknowledge and agree that (i) such payment is provided in lieu of the Base Salary payment you may be entitled to receive under Section 2(a)(ii) of the Severance Plan at the time of your separation or termination from employment with the Company and is in full satisfaction of such payment obligation, and (ii) you shall not be entitled to any further Base Salary payment under Section 2(a)(ii) of the Severance Plan upon or after your separation or termination of employment with the Company for any reason.
Base Salary Payment. Executive will receive a lump sum payment equivalent to twenty-four (24) months of Executive’s current base salary in the gross amount of $2,100,000.00, minus any applicable deductions or withholdings or other reductions required by applicable law.
