Common use of Compensation Following Termination Clause in Contracts

Compensation Following Termination. (a.) From the date of Employee's termination, whether by Employee or Nucor for any or no reason, Nucor will pay Employee a monthly amount for twenty-four (24) months following Employee's termination. The monthly amount will be computed using the following formula: the amount of Employee's highest base salary level during the prior twelve months multiplied by 3.36 and the product divided by twelve. The payments shall be made at the end of each month following Employee's termination on Nucor's regular monthly payroll date.

Compensation Following Termination. (a.) From the date of Employee's ’s termination, whether by Employee or Nucor for any or no reason, Nucor will pay Employee a monthly amount for twenty-four (24) months following Employee's ’s termination. The monthly amount will be computed using the following formula: the amount of Employee's ’s highest base salary level during the prior twelve months multiplied by 3.36 and the product divided by twelve. The payments shall be made at the end of each month following Employee's ’s termination on Nucor's ’s regular monthly payroll date.