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.
Appears in 4 contracts
Samples: Employment Agreement (JPM Co), Employment Agreement (JPM Co), Employment Agreement (JPM Co)
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.
Appears in 3 contracts
Samples: Employment Agreement (JPM Co), Employment Agreement (JPM Co), Employment Agreement (JPM Co)
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.
Appears in 2 contracts
Samples: Employment Contract Addendum (JPM Co), Employment Contract Addendum (JPM Co)
