Salary and Benefits Continuation Prior to the Separation Date Sample Clauses

Salary and Benefits Continuation Prior to the Separation Date. The Company agrees to pay Employee’s regular monthly rate of compensation as of the Effective, minus all payroll deductions required by law or authorized by the Employee, and to continue Employee’s benefits (including the use of the Company vehicle), through the Separation Date, pursuant to the Company’s normal payroll practices. Employee acknowledges that his employment could have been terminated by the Company as of the date on which Employee’s active service will cease, and that the Company’s willingness to continue to employ Employee through the Separation Date, and to provide Employee with continued payment of salary and continued benefits (including healthcare benefits) provides Employee with valuable consideration to which Employee would not otherwise have been entitled.