Common use of Monthly Compensation Clause in Contracts

Monthly Compensation. Upon the expiration of the Term for any reason, the Executive shall be entitled to continue to receive his Base Salary through the last day of the month in which the Termination Date occurs.

Appears in 5 contracts

Samples: Separation Agreement (Alliance One International, Inc.), Employment Agreement (Old Dominion Freight Line Inc/Va), Employment Agreement (Old Dominion Freight Line Inc/Va)

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Monthly Compensation. Upon the expiration of the Term for any reason, the Executive shall be entitled to continue to receive his Base Salary through the last day of the month in which the Termination Date occursoccurs (the "Termination Month").

Appears in 5 contracts

Samples: Employment Agreement (Russell Corp), Employment Agreement (Russell Corp), Employment Agreement (Dimon Inc)

Monthly Compensation. Upon the expiration of the Term for any reason, the Executive shall be entitled to continue to receive his Base Salary through the last day of the month in which the Termination Date occurs (the “Base Salary Payments”). The Base Salary Payments shall be paid to the Executive in a lump sum on the first day of the seventh (7th) calendar month following the calendar month in which the Termination Date occurs.

Appears in 2 contracts

Samples: Employment Agreement (Old Dominion Freight Line Inc/Va), Employment Agreement (Old Dominion Freight Line Inc/Va)

Monthly Compensation. Upon the expiration of the Term for any reason, the Executive shall be entitled to continue to receive his Base Salary through the last day of the month in which the Termination Date occursoccurs (the “Termination Month”).

Appears in 2 contracts

Samples: Employment Agreement (Dimon Inc), Employment Agreement (Dimon Inc)

Monthly Compensation. Upon the effective Termination Date (whether by expiration of this Agreement or by termination of the Term Executive's employment by either the Company or the Executive for any reason), the Executive shall be entitled to continue to receive his Base Salary through the last day of the month in which the Termination Date occursoccurs (the "Termination Month").

Appears in 2 contracts

Samples: Executive Deferred Compensation and Buyout Plan (Russell Corp), Employment Agreement (Russell Corp)

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Monthly Compensation. Upon the expiration of the Term for any reason, the Executive shall be entitled to continue to receive his Base Salary through the last day of the month in which the Termination Date occurs, except in the event the Executive is terminated For Cause, he shall not be entitled to any further compensation or benefits beyond the Termination Date.

Appears in 2 contracts

Samples: Employment Agreement (Ferrellgas Finance Corp), Employment Agreement (Blue Rhino Corp)

Monthly Compensation. Upon the effective Termination Date (whether by expiration of this Agreement or by termination of the Term Executive’s employment by either the Company or the Executive for any reason), the Executive shall be entitled to continue to receive his Base Salary through the last day of the month in which the Termination Date occursoccurs (the “Termination Month”).

Appears in 1 contract

Samples: Employment Agreement (Russell Corp)

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