Basic Termination Payment. Upon the termination of the Employment Period at any time for any reason, the Employer shall pay to the Employee or his estate the Base Salary earned to the date of termination, and if such termination occurs after December 31st of any year for which a bonus is payable pursuant to Section 2(b) but before such bonus has been paid, the Employer shall pay to the Employee or his estate the bonus due for the preceding year.
Appears in 4 contracts
Samples: Executive Severance Agreement (Heafner Tire Group Inc), Executive Severance Agreement (Heafner Tire Group Inc), Executive Severance Agreement (California Tire Co)
