Continued Compensation. If Executive's employment terminates before a Control Change Date or after the Employment Period because of an event described in Section 6(b) or 6(c), subject to the conditions of Section 7(c), Continued Compensation equal to Executive's Base Period Income (calculated in accordance with Section 6(e)) shall be paid in twelve equal monthly installments. If Executive's employment terminates during the Employment Period because of an event described in Section 6(b) or 6(c), subject to the conditions of Section 7(c), Continued Compensation equal to Executive's Base Period Income shall be paid in twelve equal monthly installments. Continued Compensation payments to Executive shall commence on the first day of the month following Executive's termination of employment with the Company because of an event described in Section 6(b) or 6(c) and shall continue on the first day of each month thereafter until paid in full, subject to receipt by the Company of notification from the Accounting Firm (defined below) of its determination regarding the reduction, if any, of Continued Compensation according to Section 6(g).
Continued Compensation. Should Executive's employment by Company be terminated without Cause, Executive shall receive as a lump sum immediately upon such termination of the total amount of his Base Salary for the remainder of the Initial Term or Renewal Terms, if later, less 90 days, determined as if the employment of the Executive had not been terminated prior to the end of such term and as if the Executive had continued to perform all of his obligations under this Agreement and as an employee and officer of the Company. Executive shall have no duty to mitigate damages in order to receive the compensation described by this Subsection and the compensation shall not be reduced or offset by other income, payments or profits received by Executive from any source.
Continued Compensation. Should Executive’s employment by Company be terminated without Cause, Executive shall receive as a lump sum within three (3) business days (or sooner if required by law) following such termination the total amount of Executive’s base salary for the remainder of the Initial Term or current Renewal Term. Executive shall have no duty to mitigate damages in order to receive the compensation described by this Subsection, and the compensation shall not be reduced or offset by other income, payments or profits received by Executive from any source.
Continued Compensation. If a Change In Control occurs and the Corporation or its successor does not desire that Employee remain in his employment with the Corporation or its successor, the Corporation or its successor agrees to pay Employee his salary in effect at the termination date for a term of one (1) year from the termination date or until Employee obtains new employment, whichever is earlier, subject to withholding, deductions and taxation in accordance with applicable law.
Continued Compensation. During the period beginning on the Retirement Date and continuing until the Termination Date (the "Severance Period"), Xxxxx will continue as a non-executive, non-officer, non-policymaking employee of the Company, at an annual salary of $60,000. In addition, Xxxxx shall receive payments in an annual amount of $220,000 as consideration for his obligations under Paragraph 5, and $220,000 for his obligation under Paragraphs 6, 7, and 8. All of the payments under this Paragraph 4.a shall be made in accordance with the Company's normal payroll practices and subject to applicable payroll tax deductions. Xxxxx acknowledges and agrees that he shall not receive any additional compensation beyond that provided in this Paragraph 4 for his services to the Company, including without limitation, his service as Chairman.
Continued Compensation. Continued Compensation equal to three ---------------------- times Executive's Base Period Income shall be paid in 36 equal monthly installments. Continued Compensation payments to Executive shall commence on the first day of the month following Executive's termination of employment with the Company because of an event described in subsection 4(b) or 4(c)(i) and shall -------------------------- continue on the first day of each of the next thirty-five months, subject to receipt by the Company of notification from the Accounting Firm (defined below) of its determination regarding the reduction, if any, of Continued Compensation according to subsection 4(g). ---------------
Continued Compensation. Executive shall be paid severance in an amount equal to one (1) year of his base salary at the time of termination, less applicable withholdings, payable in a lump sum.
Continued Compensation. The Town will provide full pay up to a maximum of six months for all employees who have been injured in the course of their employment, provided, however, and notwithstanding the foregoing provision of this section, physician appointed for the purpose by the Town, after a determination has first been made that such injury has been incurred in the course of such employment, may attend such injured employee from time to time for the purpose of making inspections. The Town shall not be liable for salary or wages payable to such employee after such date as such employee's treating physician shall certify that such injured employee has recovered and is physically able to perform his regular duties. Any injured employee who shall refuse to accept medical treatment or hospital care or shall refuse to permit medical inspections as herein authorized, including examinations pursuant to 10.5.2 of this section, shall be deemed to have waived the employee’s rights under this section in respect to salary or wages payable after such refusal.
Continued Compensation. For the remainder of the Term of this Agreement, the Company shall pay the Executive an amount equal to the Executive's annual base salary in effect as of the Termination Date, payable in equal installments in accordance with its usual and customary payroll practices.
Continued Compensation. In the event Employer terminates Employee's employment for any reason other than as provided in paragraph 15b, Company shall be obliged to continue Employee's compensation for the entire balance of the term of this Agreement. Payments will be made on Company's regular bimonthly schedule. Employee shall be entitled upon such termination to delivery of the insurance policies referred to in paragraph 5.
