Common use of Salary Continuation Payments Clause in Contracts

Salary Continuation Payments. The Executive shall be entitled to receive his base salary equal to four weeks of his then current salary for each year of continuous employment by the Company for a total period not to exceed seventy-eight (78) weeks at the annualized rate then in effect for him under Paragraph 3 at the time of his termination. The first such payment shall be made on the thirtieth (30th) day following the Executive's Separation from Service due to such 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 entitled to receive his base salary equal to four weeks of his then current salary for each year of continuous employment by the Company for a total period not to exceed seventy-eight of twelve (7812) weeks months at the annualized rate then in effect for him under Paragraph 3 at the time of his terminationInvoluntary Termination. The first such payment shall be made on the thirtieth (30th) day following the Executive's Separation from Service due to such termination 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 entitled eligible to receive his base salary equal for up to four weeks of his then current salary for each year of continuous employment by the Company for a total period not to exceed seventy-eight of twelve (7812) weeks months at the annualized rate then in effect for him under Paragraph 3 at the time of his terminationInvoluntary Termination. The first such payment shall be made on the thirtieth (30th) day following the Executive's ’s Separation from Service due to such termination 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 ’s payroll practices for salaried employees.

Salary Continuation Payments. The Executive shall be entitled eligible to receive his base salary equal to four weeks of his then current salary for each year of continuous employment by the Company for a total period not to exceed seventy-eight of nine (789) weeks months at the annualized rate then in effect for him under Paragraph 3 at the time of his termination. The first such payment shall be made on the thirtieth (30th) day following the Executive's ’s Separation from Service due to such 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 ’s payroll practices for salaried employees.