SALARY CONTINUATION BENEFIT. 2.1 If a Compensable Termination occurs, then the Company shall pay the Salary Continuation Benefit to Executive on or before the tenth business day following the day on which Executive's employment terminates. The Salary Continuation Benefit shall be paid in one lump sum, net of all required federal and state withholding taxes. 2.2 The Salary Continuation Benefit shall be a sum equal to three times the Applicable Compensation of Executive. 2.3
Appears in 2 contracts
Samples: Company Executive Continuity Agreement (Trigon Healthcare Inc), Executive Continuity Agreement (Trigon Healthcare Inc)
SALARY CONTINUATION BENEFIT. 2.1 If a Compensable Termination occurs, then the Company shall pay the Salary Continuation Benefit to Executive on or before the tenth business day following the day on which Executive's employment terminates. The Salary Continuation Benefit shall be paid in one lump sum, net of all required federal and state withholding taxes. 2.2 The Salary Continuation Benefit shall be a sum equal to three times the Applicable Compensation of Executive. 2.3.
Appears in 2 contracts
Samples: Trigon Insurance Company Executive Continuity Agreement (Trigon Healthcare Inc), Company Executive Continuity Agreement (Trigon Healthcare Inc)
SALARY CONTINUATION BENEFIT. 2.1 If a Compensable Termination occurs, then the Company shall pay the Salary Continuation Benefit to Executive on or before the tenth business day following the day on which Executive's employment terminates. The Salary Continuation Benefit shall be paid in one lump sum, net of all required federal and state withholding taxes. 2.2 The Salary Continuation Benefit shall be a sum equal to three two times the Applicable Compensation of Executive. 2.3
Appears in 1 contract
Samples: Executive Continuity Agreement (Trigon Healthcare Inc)
