Common use of Salary Continuation Clause in Contracts

Salary Continuation. Executive shall continue to receive Base Salary for eighteen (18) months following a Covered Termination. Such amount shall be paid in regular installments on the normal payroll dates of the Company and shall be subject to all required tax withholding.

Appears in 10 contracts

Samples: Severance Agreement (Cv Therapeutics Inc), Severance Agreement (Cv Therapeutics Inc), Severance Agreement (Cv Therapeutics Inc)

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Salary Continuation. Executive shall continue to receive his Base Salary for eighteen twelve (1812) months following a the effective date of the Change of Control Covered Termination. Such amount Salary continuation payments shall be paid to Executive in regular installments on the normal payroll dates of the Company and or over a shorter period, as determined by the Company. Amounts paid to Executive under this Section 3.1.1 shall be subject to all required tax withholding.

Appears in 6 contracts

Samples: Executive Agreement (Geltex Pharmaceuticals Inc), Executive Agreement (Geltex Pharmaceuticals Inc), Executive Agreement (Geltex Pharmaceuticals Inc)

Salary Continuation. Executive shall continue to receive Base Salary for eighteen a period of six (186) months following commencing on the date of any Covered Termination plus one (1) additional month for each complete Year of Service performed by Executive in excess of two (2) Years of Service up to a Covered Terminationmaximum of a twelve (12) month period of salary continuation (the "CONTINUATION PERIOD"). Such amount amounts shall be paid in regular installments on the normal payroll dates of the Company and shall be subject to all required tax withholding.

Appears in 3 contracts

Samples: Executive Change of Control Agreement (Peninsula Pharmaceuticals Inc), Executive Change of Control Agreement (Peninsula Pharmaceuticals Inc), Executive Change of Control Agreement (Peninsula Pharmaceuticals Inc)

Salary Continuation. Executive shall continue to receive Base Salary Salary, as defined in Section 5.1, for eighteen twenty-four (1824) months following a Covered Termination. Such amount shall be paid in regular installments on the normal payroll dates of the Company and shall be subject to all required tax withholding.

Appears in 2 contracts

Samples: Executive Severance Benefits Agreement (Sequus Pharmaceuticals Inc), Executive Severance Benefits Agreement (Sequus Pharmaceuticals Inc)

Salary Continuation. Executive shall continue to receive Base Salary for [nine (9)] [eighteen (18) )] months following a Covered Termination. Such amount shall be paid in regular installments on the normal payroll dates of the Company a lump sum and shall be subject to all required tax withholding.

Appears in 1 contract

Samples: Executive Change in Control Severance Benefits Agreement (Onyx Pharmaceuticals Inc)

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Salary Continuation. Executive shall continue to receive Base Salary Salary, as defined in Section 5.1, for eighteen twelve (1812) months following a Covered Termination. Such amount shall be paid in regular installments on the normal payroll dates of the Company and shall be subject to all required tax withholding.

Appears in 1 contract

Samples: Executive Severance Benefits Agreement (Sequus Pharmaceuticals Inc)

Salary Continuation. Executive shall continue to receive his Base Salary for eighteen twenty-four (1824) months following a the effective date of the Change of Control Covered Termination. Such amount Salary continuation payments shall be paid to Executive in regular installments on the normal payroll dates of the Company and or over a shorter period, as determined by the Company. Amounts paid to Executive under this Section 3.1.1 shall be subject to all required tax withholding.

Appears in 1 contract

Samples: Executive Severance Agreement (Geltex Pharmaceuticals Inc)

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