Common use of Salary Continuation Payments Clause in Contracts

Salary Continuation Payments. The Executive shall be eligible to receive the Executive’s base salary for up to a total period of twenty-four (24) months at the annualized rate in effect under Paragraph 3 at the time of the Executive’s Involuntary Termination. The first such payment shall be made on the sixtieth (60th) day following the Executive’s Separation from Service due to such Involuntary Termination provided the requisite Release Condition is satisfied and subsequent salary continuation payments shall be made at periodic intervals in accordance with the Company’s payroll practices for salaried employees.

Salary Continuation Payments. The Executive shall be eligible to receive the Executive’s base salary for up to a total period of twenty-four twelve (2412) months at the annualized rate in effect under Paragraph 3 at the time of the Executive’s Involuntary Termination. The first such payment shall be made on the sixtieth (60th) day following the Executive’s Separation from Service due to such Involuntary Termination provided the requisite Release Condition is satisfied and subsequent salary continuation payments shall be made at periodic intervals in accordance with the Company’s payroll practices for salaried employees.

Salary Continuation Payments. The Executive shall be eligible to receive the Executive’s his base salary for up to a total period of twenty-four six (246) months at the annualized rate in effect for him under Paragraph 3 at the time of the Executive’s Involuntary Terminationhis termination. The first such payment shall be made on the sixtieth (60th) day following the Executive’s Separation from Service due to such Involuntary Termination provided the requisite Release Condition is satisfied and subsequent salary continuation payments shall be made at periodic intervals in accordance with the Company’s payroll practices for salaried employees.sixtieth

Salary Continuation Payments. The Executive shall be eligible to receive the Executive’s his base salary for up to a total period of twenty-four (24) months salary, at the annualized monthly rate in effect for him under Paragraph 3 3.A. at the time of the Executive’s his Involuntary Termination. The first such payment shall be made on the sixtieth , for a period of eighteen (60th18) day following the Executive’s Separation from Service due to such Involuntary Termination provided the requisite Release Condition is satisfied and subsequent salary continuation payments shall be made at periodic intervals months in accordance with the CompanyBMP’s normal payroll practices for salaried employeespractices.