Common use of Minimum Payments Clause in Contracts

Minimum Payments. Executive shall be entitled to the following payments, in addition to any payments or benefits to which the Executive is entitled under the terms of any employee benefit plan or the following provisions of this Section 6: (1) his unpaid salary for the full month in which his Termination Date occurred; provided, however, if Executive is terminated for Cause pursuant to Section 6(b) below, he shall only be entitled to receive his accrued but unpaid salary through his Termination Date; and (2) his accrued but unpaid vacation pay for the period ending on his Termination Date in accordance with the Company's vacation pay policy as in effect at such time.

Minimum Payments. Executive shall be entitled to the following payments, in addition to any payments or benefits to which the Executive is entitled under the terms of any employee benefit plan or the following provisions of this Section SECTION 6: (1) his unpaid salary for the full month in which his Termination Date occurred; provided, however, if Executive is terminated for Cause pursuant to Section 6(bSECTION 6(B) below, he shall only be entitled to receive his accrued but unpaid salary through his Termination Date; and (2) his accrued but unpaid vacation pay for the period ending on his Termination Date in accordance with the Company's vacation pay policy as in effect at such time.