Common use of Regular Compensation Clause in Contracts

Regular Compensation. For purposes of this paragraph 15, for the initial term of employment under this Agreement, regular compensation shall be understood to mean two (2) times the base annual compensation for the prior year, excluding any bonus. For any renewal periods after the initial two years of employment under this Agreement, regular compensation shall be understood to include Provided, however, that upon termination of employment, notwithstanding any other provisions contained herein to the contrary, the provisions of paragraphs 8 through 14, 22, and 23 shall continue in full force and effect for the period of time therein stated.

Regular Compensation. For purposes of this paragraph 15, for the initial term of employment and the one year renewal period under this Agreement, regular compensation shall be understood to mean two (2) times the base annual compensation for the prior year, excluding any bonus. For any renewal periods after the initial two years one year renewal period of employment under this Agreement, regular compensation shall be understood to include Provided, however, that upon termination of employment, notwithstanding any other provisions contained herein to the contrary, the provisions of paragraphs 8 through 14, 22, and 23 shall continue in full force and effect for the period of time therein stated.

Regular Compensation. For purposes of this paragraph 15, for the initial term of employment under this Agreementemployment, regular compensation shall be understood to mean two (2) one and one-half times the base annual compensation for the prior year, excluding any bonus. For any renewal periods after the initial two years one year renewal period of employment under this Agreement, regular compensation shall be understood to include annual base compensation Provided, however, that upon termination of employment, notwithstanding any other provisions contained herein to the contrary, the provisions of paragraphs 8 through 14, 22, and 23 shall continue in full force and effect for the period of time therein stated.