Common use of CURRENT SALARY AND OTHER COMPENSATION BENEFITS Clause in Contracts

CURRENT SALARY AND OTHER COMPENSATION BENEFITS. Payment of this portion of Special Severance Pay Benefits shall consist of the following: - Executive's full base salary through the Date of Employment Termination, at the rate in effect ten (10) days prior to the Date of Employment Termination; plus - Executive's full base salary earned from the beginning of the calendar year in which the Date of Employment Termination occurs through the Date of Employment Termination multiplied by the greater of (a) twenty percent (20%) or (b) the percentage which is equal to the highest percentage of base salary paid as a bonus to Executive for any of the three calendar years preceding the calendar year in which the Date of Employment Termination occurs, in either case, reduced by any installment of cash bonus previously paid by the Company to Executive for the calendar year in which the Date of Employment Termination occurs, plus - The full amount, if any, of any incentive or special award, which Executive earned but which, has not yet been paid.

CURRENT SALARY AND OTHER COMPENSATION BENEFITS. Payment of this portion of Special Severance Pay Benefits shall consist of the following: - o Executive's full base salary through the Date of Employment Termination, at the rate in effect ten (10) days prior to the Date of Employment Termination; plus - o Executive's full base salary earned from the beginning of the calendar year in which the Date of Employment Termination occurs through the Date of Employment Termination multiplied by the greater of (a) twenty percent (20%) or (b) the percentage which is equal to the highest percentage of base salary paid as a bonus to Executive for any of the three calendar years preceding the calendar year in which the Date of Employment Termination occurs, in either case, reduced by any installment of cash bonus previously paid by the Company to Executive for the calendar year in which the Date of Employment Termination occurs, plus - o The full amount, if any, of any incentive or special award, which Executive earned but which, has not yet been paid.