Salary Continuation Payment. To the extent Executive is eligible for payments and benefits under this Agreement, Employer shall make a single lump sum payment (“Salary Continuation Payment”) to Executive equal to the then current base salary that Executive would have otherwise received during the period described below (the “Salary Continuation Period”). If Executive dies after becoming eligible for the Salary Continuation Payment and other benefits under this Agreement, but before the end of the Salary Continuation Period, the remaining benefits shall be paid to Executive’s lawful spouse, or estate if Executive has no surviving lawful spouse.
Appears in 7 contracts
Samples: Severance Agreement, Severance Agreement (Nobel Learning Communities Inc), Severance Agreement (Nobel Learning Communities Inc)
