Common use of Payment of Compensation and Benefits Clause in Contracts

Payment of Compensation and Benefits. Upon the Effective Date, Company shall pay, and continue to pay, the Compensation and Benefits to the Executive at the regular and customary intervals in effect prior to the Change in Control, throughout the Protected Period subject to customary federal and state withholding requirements. For each month the Executive remains employed by the Company during the Protected Period, the Compensation Obligation of the Company is correspondingly reduced. The payment of Compensation Obligation by the Company shall not preclude any rights the Executive may have under COBRA to elect continued health insurance at the Executive s cost and expense.

Payment of Compensation and Benefits. Upon the Effective Date, Company shall pay, and continue to pay, the Compensation and Benefits to the Executive at the regular and customary intervals in effect prior to the Change in Control, throughout the Protected Period subject to customary federal and state withholding requirements. For each month the Executive remains employed by the Company during the Protected Period, the Compensation Obligation of the Company is correspondingly reduced. The payment of Compensation Obligation by the Company shall not preclude any rights the Executive may have under COBRA to elect continued health insurance at the Executive s Executive's cost and expense.