Common use of Compensation Payable Upon Termination Clause in Contracts

Compensation Payable Upon Termination. In the event of termination of this Agreement by EMPLOYER for any reason set forth hereinabove (in subparagraphs B or C) other than death of the EMPLOYEE, EMPLOYEE shall be entitled to receive termination pay equal to six months of the annual salary then in effect, payable in six monthly installments, PROVIDED, however, that any salary paid during a period of disability preceding termination shall be credited toward the payments due hereunder.

Compensation Payable Upon Termination. In the event of termination of this Agreement by EMPLOYER for any reason set forth hereinabove (in subparagraphs B A or CB) other than death of the EMPLOYEE, EMPLOYEE shall be entitled to receive termination pay equal to six months of the annual salary then in effect, payable in six monthly installments, PROVIDED, however, that any salary paid during a period of disability preceding termination shall be credited toward the payments due hereunder.

Compensation Payable Upon Termination. In the event of termination of this Agreement by EMPLOYER for any reason set forth hereinabove (in subparagraphs B A or CB) other than death of the EMPLOYEE, EMPLOYEE shall be entitled to receive termination pay equal to six twelve months of the annual salary then in effect, payable in six twelve monthly installments, PROVIDED, however, that any salary paid during a period of disability preceding termination shall be credited toward the payments due hereunder.

Compensation Payable Upon Termination. In the event of termination of this Agreement by EMPLOYER for any reason set forth hereinabove (in subparagraphs B pursuant to paragraph IV or Cparagraphs IX(A) other than death of the EMPLOYEEor IX(B), EMPLOYEE shall be entitled to receive termination pay equal to six three months of the annual salary then in effect, payable in six monthly installments, PROVIDED, however, that any salary paid during a period of disability preceding termination shall be credited toward the payments due hereunder.. EMPLOYEE's termination pay shall be increased with the length of his employment, on the following schedule: