Payments Following Termination. Upon any termination of this Agreement, the Company shall pay to Executive that portion of the Base Salary which he earned for services performed up to the effective date of termination for which he has not previously been compensated. In addition, upon any termination pursuant to Section 8(d), the Company also shall pay to Executive an amount (the "Severance Amount") equal to fifty percent (50%) of Base Salary. The Severance Amount shall be paid to Executive in twelve (12) equal monthly installments, beginning on the first day of the month following the effective date of Executive's termination.
Appears in 6 contracts
Samples: Employment Agreement (U S Laboratories Inc), Employment Agreement (U S Laboratories Inc), Employment Agreement (U S Laboratories Inc)
