Common use of Continuation of Salary Clause in Contracts

Continuation of Salary. 1. Sears or the appropriate “Sears Affiliate” (as defined in Section 2 below) shall pay Executive cash severance (“Salary Continuation”) equal to:

Appears in 2 contracts

Samples: Severance Agreement, Executive Severance Agreement (Sears Holdings Corp)

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Continuation of Salary. 1. Sears or the appropriate “Sears Affiliate” (as defined in Section 2 below) shall pay Executive a cash severance equal to the sum of (“Salary Continuation”A) equal to:plus (B).

Appears in 2 contracts

Samples: Severance Agreement, Executive Severance Agreement (Sears Holdings Corp)

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Continuation of Salary. 1. Sears or Sears, the appropriate “Sears Affiliate” (as defined in Section 2 below) or Sears Hometown and Outlet Stores, Inc. (“SHO”) if such termination occurs post-Spin-off, shall pay Executive cash severance (“Salary Continuation”) equal to:

Appears in 1 contract

Samples: Executive Severance Agreement (Sears Hometown & Outlet Stores, Inc.)

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