Common use of Salary and Benefits Continuation Clause in Contracts

Salary and Benefits Continuation. During the Employment Period, Executive will continue to be paid base salary at the rate in affect on the Effective Date, accrue paid vacation and be eligible for all employee benefit plans available to senior executives of the Company through the Termination Date. All payments made to Executive during the Employment Period will be subject to standard payroll deductions and withholdings.

Appears in 2 contracts

Samples: Transition and Separation Agreement, Transition and Separation Agreement (Wet Seal Inc)

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Salary and Benefits Continuation. During the Full-Time Employment Period, Executive will continue to be paid base salary at the rate in affect effect on the Effective Datedate of this Agreement in accordance with the Company’s regular payroll procedures, accrue paid vacation and vacation, be eligible for all employee benefit plans available to senior executives of the Company through and continue to vest into outstanding equity awards, in each case, in accordance with their terms and the Termination DateEmployment Agreement. All payments made to Executive during the Full-Time Employment Period will be subject to standard payroll deductions required withholding taxes and withholdingsauthorized deductions.

Appears in 1 contract

Samples: Transition and Separation Agreement (Codexis, Inc.)

Salary and Benefits Continuation. During the Continued Employment Period, Executive will continue to be paid base salary at the rate in affect effect on the Effective Datedate of this Agreement in accordance with the Company’s regular payroll procedures, accrue paid vacation and vacation, be eligible for all employee benefit plans available to senior executives of the Company through the Termination Dateand continue to vest into outstanding equity awards, in each case, in accordance with their terms. All payments made to Executive during the Continued Employment Period will be subject to standard payroll deductions required withholding taxes and withholdingsauthorized deductions.

Appears in 1 contract

Samples: Transition and Separation Agreement (Codexis, Inc.)

Salary and Benefits Continuation. During the Employment Period, Executive will continue to be paid base salary at the rate in affect effect on the Effective Datedate of this Agreement, accrue paid vacation and vacation, be eligible for all employee benefit plans available to senior executives of the Company through the Termination Dateand continue to vest into outstanding equity awards in accordance with their terms. All payments made to Executive during the Employment Period will be subject to standard payroll deductions required withholding taxes and withholdingsauthorized deductions.

Appears in 1 contract

Samples: Transition and Separation Agreement (Gritstone Oncology, Inc.)

Salary and Benefits Continuation. During the Employment Period, Executive will continue to be paid base salary at the rate in affect on the Effective Dateof $31,262 per month, accrue paid vacation vacation, and be eligible for all employee benefit plans available to senior executives of the Company through the Termination Date. All payments made to Executive during the Employment Period will be subject to standard payroll deductions and withholdings.

Appears in 1 contract

Samples: Transition and Separation Agreement (Thoratec Corp)

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Salary and Benefits Continuation. During the Employment Period, Executive will continue to be paid base salary at the rate in affect effect on the Effective Datedate of this Agreement, accrue paid vacation and be eligible for all employee benefit plans available to senior executives of the Company through the Termination Date. All payments made to Executive during the Employment Period will be subject to standard payroll deductions required withholding taxes and withholdingsauthorized deductions.

Appears in 1 contract

Samples: Transition and Separation Agreement (Raptor Pharmaceutical Corp)

Salary and Benefits Continuation. During the Employment Period, Executive will continue to be paid base salary at the rate in affect effect on the Effective Date, accrue paid vacation and vacation, be eligible for all employee benefit plans available to senior executives of the Company through the Termination Dateand continue to vest into outstanding equity awards in accordance with their terms. All payments made to Executive during the Employment Period will be subject to standard payroll deductions required withholding taxes and withholdingsauthorized deductions.

Appears in 1 contract

Samples: Transition and Separation Agreement (Unity Biotechnology, Inc.)

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