Common use of Salary Guarantee Clause in Contracts

Salary Guarantee. All salaries payable to the Executive under the Agreement will be guaranteed (the "Guaranteed Payments") as of the effective date of the Agreement for the full Employment Term of the Agreement except for terminations for violations found in Section 7(b), (d) or (e) hereof. (a) After the initial three year Employment Term of Guaranteed Payments, any additional one year extensions made pursuant to the terms of Section 7(a) will be guaranteed once the notice period for the extension or termination period found in Section 7(a) has passed. (b) None of the Guaranteed Payments described in this Section shall prevent the Executive from receiving the Termination Benefits described in Section 13 of the Agreement. (c) All Guaranteed Payments described in this Section and payable to the Executive shall be payable to the Estate of Raymond J. Ohlson xx xxx xxxxx xf death of the Executive. (d) In the event of any mental disability which renders the Executive unable to fulfill his duties pursuant to Section 1 of this Agreement, all Guaranteed Payments shall be made to Raymond J. Ohlson'x xxxxxx, xxx xxxxrney in fact, his personal representative, his guardian, or any other such person legally specifically listed, to whomever is legally authorized to receive monetary payments due and owing to Raymond J. Ohlson. (x) Xx xxx xxxnt of any physical disability which renders the Executive unable or unwilling to fulfill his duties pursuant to Section 1 of this Agreement, all Guaranteed Payments shall be made directly to the Executive. (f) Upon the termination of Executive=s employment for any reason other than pursuant to Section 7(b), (d) or (e) hereof, the Company shall pay to Executive in a lump-sum payment, within thirty (30) calendar days after such termination, the salary received by him on the date of such termination in an amount equal to two (2) years of annual salary.

Salary Guarantee. All salaries The salary payable to the Executive under the Agreement will be guaranteed hereunder (the "Guaranteed Payments") shall continue to be paid to Executive hereunder as set forth herein in the event of a termination of Executive's employment hereunder except in the effective date of event that Executive terminates this Contract pursuant to Section 7(e) hereof or in the Agreement for event that the full Employment Term of the Agreement except for terminations for violations found in Company terminates Executive's employment pursuant to Section 7(b), (d) or (e) hereof. (a) After In the initial three year Employment Term of Guaranteed Payments, any additional one year extensions made pursuant event that the Company elects not to renew the terms of Contract as provided in (i) Section 7(a) will hereof, or (ii) in the event Company terminates the Contract pursuant to Section 7(f) hereof, the Executive shall be guaranteed once entitled to a severance payment equal to twelve (12) months salary payable in twelve (12) equal monthly installments based upon the notice period for Executive's salary at the extension or termination period found in Section 7(a) has passedof the Employment Term. (b) None In the event that this Contract is terminated as a result of the Guaranteed Payments described death of Executive as provided in this Section shall prevent 7(c) hereof, the Executive from receiving the Termination Benefits described shall be entitled to a payment equal to twelve (12) months salary payable in Section 13 a lump sum within thirty (30) days of the Agreement. (c) All Guaranteed Payments described in this Section and payable to date of death of the Executive based upon the Executive's salary at the date of his death. Any such payment shall be payable to the Estate of Raymond J. Ohlson xx xxx xxxxx xf death the Executive. The Company shall be entitled to an offset against such sums due in the amount of the sum payable to Executive's beneficiary as provided under Section 6 hereof. (c) In the event this Contract is terminated as a result of the disability of Executive as provided in Section 7(d) hereof, the Executive shall be entitled to a payment equal to twelve (12) months salary payable in twelve (12) equal monthly installments based upon the Executive's salary at the time of such termination based upon such disability. The Company shall be entitled to an offset against such sums due in the amount of any disability insurance payment received by the Executive from the Company. (d) In the event that any acquisition of any mental disability which renders control occurs to the Executive unable to fulfill his duties pursuant to Section 1 Guarantor, and thereafter, the term of this Agreement, all Guaranteed Payments shall be made to Raymond J. Ohlson'x xxxxxx, xxx xxxxrney in fact, his personal representative, his guardian, or any other such person legally specifically listed, to whomever Contract is legally authorized to receive monetary payments due and owing to Raymond J. Ohlson. (x) Xx xxx xxxnt of any physical disability which renders the Executive unable or unwilling to fulfill his duties pursuant to Section 1 of this Agreement, all Guaranteed Payments shall be made directly to the Executive. (f) Upon the termination of Executive=s employment terminated for any reason other than pursuant to Section 7(b)) hereof, (d) or (eas a result of the option of the Executive pursuant to Section 7(e) hereof, the Company Executive shall pay be entitled to Executive a severance payment equal to remaining Employment Term under this Contact plus twelve months, and any such sum shall be payable in twelve (12) equal monthly installments based on the Executive's salary at the time of such termination, other than in the event of death of the Executive, which sum shall be payable in a lump-lump sum payment, within thirty (30) calendar days after such termination, of the salary received by him on the Executive's date of such termination in an amount equal to two (2) years of annual salarydeath.

Salary Guarantee. All salaries payable to the Executive under the Agreement will be guaranteed (the "Guaranteed Payments") as of the effective date of the Agreement for the full Employment Term of the Agreement except for terminations for violations found in Section 7(b), ) (c) (d) or (e) hereof. (a) After the initial three year Employment Term of Guaranteed Payments, any additional one year extensions made pursuant to the terms of Section 7(a) will be guaranteed once the notice period for the extension or termination period found in Section 7(a) has passed. (b) None of the Guaranteed Payments described in this Section shall prevent the Executive from receiving the Termination Benefits described in Section 13 of the Agreement. (c) All Guaranteed Payments described in this Section and payable to the Executive shall be payable to the Estate of Raymond John J. Ohlson Dillon in txx xxxxx xx xxx xxxxx xf death xxath of the Executive. (d) In the event of any mental disability which renders the Executive unable to fulfill his duties pursuant to Section 1 of this Agreement, all Guaranteed Payments shall be made to Raymond John J. Ohlson'x xxxxxxDillon's spxxxx, xxx xxxxrney xxxxxxey in fact, his personal representative, his guardian, or any other such person legally specifically listed, to whomever is legally authorized to receive monetary payments due and owing to Raymond John J. OhlsonDillon. (xe) Xx xxx xxxnt xxxxx of any physical disability which renders the Executive unable or unwilling to fulfill his duties pursuant to Section 1 of this Agreement, all Guaranteed Payments shall be made directly to the Executive. (f) Upon the termination of Executive=s employment for any reason other than pursuant to Section 7(b), (d) or (e) hereof, the Company shall pay to Executive in a lump-sum payment, within thirty (30) calendar days after such termination, the salary received by him on the date of such termination in an amount equal to two (2) years of annual salary.

Salary Guarantee. All salaries payable to the Executive under the Agreement will be guaranteed ("the "Guaranteed Payments") as of the effective execution date of the Agreement for the full Employment Term of the Agreement plus three (3) years following the date of termination except for terminations for violations found in Section 7(b)) (ii) and (iii) relating to acts of fraud or dishonesty for personal enrichment, (d) or (e) hereofconviction of any felony or material tort which is detrimental to the Company. (a) After the initial three year Employment Term of Guaranteed Payments, any additional one year extensions made pursuant to the terms of Section 7(a) will be guaranteed once the notice period for the extension or termination period found in Section 7(a) has passed. (b) a. None of the Guaranteed Payments described in this Section shall prevent the Executive from receiving the Termination Benefits described in Section 13 of the Agreement. (c) b. All Guaranteed guaranteed Payments described in this Section and payable to the Executive shall be payable to the Estate of Raymond J. Ohlson Syd Cooke in the event xx xxx xxxxx xf death of the Executive. (d) c. In the event of any mental disability which renders the Executive unable to fulfill his duties pursuant to Section 1 of this Agreement, all Guaranteed Payments shall be made to Raymond J. Ohlson'x xxxxxxSyd Cooke, xxx xxxxrney in facthis attorney xx xxxx, his personal representative, his guardian, or any other such person legally specifically listed, to whomever whom is legally authorized to receive monetary payments due and owing to Raymond J. OhlsonSyd Cooke. (x) Xx d. In xxx xxxnt xxxxt of any physical disability which renders the Executive unable or unwilling to fulfill his duties pursuant to Section 1 of this Agreement, all Guaranteed Payments shall be made directly to the Executive. (f) Upon e. Guaranteed Payments as provided in this Section shall consist of the termination equivalent of Executive=s employment for any reason other than pursuant to Section 7(b), (d) or (e) hereof, the Company shall pay to Executive in a lump-sum payment, within thirty (30) calendar days after such termination, the salary received by him on the date of such termination in an amount equal to two (2) full years of annual salarysalary and the balance of the year of termination, said guaranteed payments shall begin the day after the date of termination and continue on the regular payment schedule hereunder until paid in full, also, said guaranteed payments shall also be subject to the cost of living increases as provided for in Section 2 hereof.

Salary Guarantee. All salaries payable to the Executive under the Agreement will be guaranteed (the "Guaranteed Payments") as of the effective date of the Agreement for the full Employment Term of the Agreement except for terminations for violations found in Section 7(b), ) (c) (d) or (e) hereof. (a) After the initial three year Employment Term of Guaranteed Payments, any additional one year extensions made pursuant to the terms of Section 7(a) will be guaranteed once the notice period for the extension or termination period found in Section 7(a) has passed. (b) None of the Guaranteed Payments described in this Section shall prevent the Executive from receiving the Termination Benefits described in Section 13 of the Agreement. (c) All Guaranteed Payments described in this Section and payable to the Executive shall be payable to the Estate of Raymond J. Ohlson Stephen M. Coons xx xxx xxxxx xf xx death of the Executive. (d) In the event of any mental disability which renders the Executive unable to fulfill his duties pursuant to Section 1 of this Agreement, all Guaranteed Payments shall be made to Raymond J. Ohlson'x xxxxxx, xxx xxxxrney in factStephen M. Coons'x xxxxxxxx xx xxct, his personal representative, his guardian, or any other such person legally specifically listed, to whomever is legally authorized to receive monetary payments due and owing to Raymond J. OhlsonStephen M. Coons. (x) Xx xxx xxxnt xxxxt of any physical disability which renders the Executive unable or unwilling to fulfill his duties pursuant to Section 1 of this Agreement, all Guaranteed Payments shall be made directly to the Executive. (f) Upon the termination of Executive=s employment for any reason other than pursuant to Section 7(b), (d) or (e) hereof, the Company shall pay to Executive in a lump-sum payment, within thirty (30) calendar days after such termination, the salary received by him on the date of such termination in an amount equal to two (2) years of annual salary.

Salary Guarantee. All salaries payable to the Executive under the Agreement will be guaranteed (the "Guaranteed Payments") as of the effective date of the Agreement for the full Employment Term of the Agreement except for terminations for violations found in Section 7(b), ) (c) (d) or (e) hereof. (a) After the initial three year Employment Term of Guaranteed Payments, any additional one year extensions made pursuant to the terms of Section 7(a) will be guaranteed once the notice period for the extension or termination period found in Section 7(a) has passed. (b) None of the Guaranteed Payments described in this Section shall prevent the Executive from receiving the Termination Benefits described in Section 13 of the Agreement. (c) All Guaranteed Payments described in this Section and payable to the Executive shall be payable to the Estate of Raymond J. Ohlson Paul B. Pheffer in the evenx xx xxx xxxxx xf death of the xx xxe Executive. (d) In the event of any mental disability which renders the Executive unable to fulfill his duties pursuant to Section 1 of this Agreement, all Guaranteed Payments shall be made to Raymond J. Ohlson'x xxxxxxPaul B. Pheffer's spouse, xxx xxxxrney in facthis xxxxxxxx xx xxxx, his personal representative, his guardian, or any other such person legally specifically listed, to whomever is legally authorized to receive monetary payments due and owing to Raymond J. OhlsonPaul B. Pheffer. (xe) Xx In the evexx xx xxx xxxnt of any physical xxxxxcal disability which renders the Executive unable or unwilling to fulfill his duties pursuant to Section 1 of this Agreement, all Guaranteed Payments shall be made directly to the Executive. (f) Upon the termination of Executive=s employment for any reason other than pursuant to Section 7(b), (d) or (e) hereof, the Company shall pay to Executive in a lump-sum payment, within thirty (30) calendar days after such termination, the salary received by him on the date of such termination in an amount equal to two (2) years of annual salary.

Salary Guarantee. All salaries payable to the Executive under the Agreement will be guaranteed (the "Guaranteed Payments") as of the effective date of the Agreement for the full Employment Term of the Agreement except for terminations for violations found in Section 7(b), ) (c) (d) or (e) hereof. (a) After the initial three year Employment Term of Guaranteed Payments, any additional one year extensions made pursuant to the terms of Section 7(a) will be guaranteed once the notice period for the extension or termination period found in Section 7(a) has passed. (b) None of the Guaranteed Payments described in this Section shall prevent the Executive from receiving the Termination Benefits described in Section 13 of the Agreement. (c) All Guaranteed Payments described in this Section and payable to the Executive shall be payable to the Estate of Raymond J. Ohlson xx xxx xxxxx xf Xxxxxxx X. Xxxxx in the event of death of the Executive. (d) In the event of any mental disability which that renders the Executive unable to fulfill his duties pursuant to Section 1 of this Agreement, all Guaranteed Payments shall be made to Raymond J. Ohlson'x xxxxxx, xxx xxxxrney Xxxxxxx X. Xxxxx'x attorney in fact, his personal representative, his guardian, or any other such person legally specifically listed, to whomever is legally authorized to receive monetary payments due and owing to Raymond J. OhlsonXxxxxxx X. Xxxxx. (xe) Xx xxx xxxnt In the event of any physical disability which that renders the Executive unable or unwilling to fulfill his duties pursuant to Section 1 of this Agreement, all Guaranteed Payments shall be made directly to the Executive. (f) Upon the termination of Executive=s 's employment for any reason other than pursuant to Section 7(b), (d) or (e) hereof, the Company shall pay to Executive in a lump-sum payment, within thirty (30) calendar days after such termination, the salary received by him on the date of such termination in an amount equal to two three (23) years of annual salary.