Common use of Payment of Salary Continuation Clause in Contracts

Payment of Salary Continuation. Payment of Base Salary following ------------------------------ termination of this Agreement as required by this Section 3 shall be made in accordance with Associates' normal payroll practices; provided, however, that in the event of a breach by Xxxx of the provisions of Sections 4 through 7, Vail shall be entitled to cease all such payments. No termination of this Agreement shall affect any of the rights and obligations of the parties hereto under Sections 4 through 7, but such rights and obligations shall survive such termination in accordance with the terms of such Sections.

Appears in 2 contracts

Samples: Employment Agreement (Vail Resorts Inc), Employment Agreement (Vail Resorts Inc)

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Payment of Salary Continuation. Payment of Base Salary following ------------------------------ termination of this Agreement as required by this Section 3 shall be made in accordance with Associates' normal payroll practices; provided, however, that in the event of a breach by Xxxx of the provisions provision of Sections 4 through 7, Vail shall be entitled to cease all such payments. No termination of this Agreement shall affect any of the rights right and obligations of the parties parities hereto under Sections 4 through 7, but such rights and obligations shall survive such termination in accordance with the terms of such Sections.

Appears in 1 contract

Samples: Employment Agreement (Vail Resorts Inc)

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Payment of Salary Continuation. Payment of Base Salary following ------------------------------ termination of this Agreement as required by this Section 3 shall be made in accordance with Associates' VRI normal payroll practices; provided, however, that in the event of a breach by Xxxx Executive of the provisions of Sections 4 through 74, Vail 5, 6 or 7 hereof, VRI shall be entitled to cease all such payments. No termination of this Agreement shall affect any of the rights and obligations of the parties hereto under Sections 4 through 4, 5, 6 and 7, but such rights and obligations shall survive such termination in accordance with the terms of such Sectionssections.

Appears in 1 contract

Samples: Employment Agreement (Vail Resorts Inc)

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