Common use of Continued Base Salary Clause in Contracts

Continued Base Salary. The Company will pay Executive a severance payment equal to eighteen (18) months of base salary at the rate in effect immediately prior to the Termination Date, less applicable tax withholding, which will be paid in equal bi-weekly installments beginning on the sixtieth (60th) day following the Termination Date and each payroll date thereafter until fully paid, in accordance with the Company’s regular payroll practices, provided that the first such installment payment will include any unpaid severance payments that would have been made on the normal payroll dates occurring during the first sixty (60) days following the Termination Date.

Continued Base Salary. The Company will pay Executive a severance payment equal to eighteen twelve (1812) months of base salary at the rate in effect immediately prior to the Termination Date, less applicable tax withholding, which will be paid in equal bi-weekly monthly installments beginning on the sixtieth within sixty (60th60) day days following the Termination Date and each payroll date thereafter until fully paid, in accordance with the Company’s regular payroll practices, provided that the first such installment payment will include any unpaid severance payments that would have been made on the normal payroll dates occurring during the first sixty (60) days following the Termination Date.