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 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, or conviction of any felony or material tort which is detrimental to the Company. 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. b. All guaranteed Payments described in this Section and payable to the Executive shall be payable to the Estate of Syd Cooke in the event xx xxxxx of the Executive. 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 Syd Cooke, his attorney xx xxxx, his personal representative, his guardian, or any other such person legally specifically listed, to whom is legally authorized to receive monetary payments due and owing to Syd Cooke. d. In xxx 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. e. Guaranteed Payments as provided in this Section shall consist of the equivalent of two (2) full years of salary 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 "the Guaranteed Payments") as of the execution effective 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) (iic) and (iiid) relating to acts or (e) hereof. (a) After the initial three year Employment Term of fraud or dishonesty for personal enrichmentGuaranteed Payments, or conviction of any felony or material tort which is detrimental additional one year extensions made pursuant to the Companyterms of Section 7(a) will be guaranteed once the notice period for the extension or termination period found in Section 7(a) has passed. a. (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. b. (c) All guaranteed Guaranteed Payments described in this Section and payable to the Executive shall be payable to the Estate of Syd Cooke in the event Stephen M. Coons xx xxx xxxxx xx death of the Executive. c. (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 Syd Cooke, his attorney Stephen M. Coons'x xxxxxxxx xx xxxxxxct, his personal representative, his guardian, or any other such person legally specifically listed, to whom whomever is legally authorized to receive monetary payments due and owing to Syd CookeStephen M. Coons. d. In (x) Xx xxx 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. e. Guaranteed Payments as provided (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 this Section shall consist a lump-sum payment, within thirty (30) calendar days after such termination, the salary received by him on the date of the equivalent of such termination in an amount equal to two (2) full years of salary 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 hereofannual salary.

Salary Guarantee. All salaries payable to the Executive under the Agreement will be guaranteed (the "the Guaranteed Payments") as of the execution effective 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) (iic) and (iiid) relating to acts or (e) hereof. (a) After the initial three year Employment Term of fraud or dishonesty for personal enrichmentGuaranteed Payments, or conviction of any felony or material tort which is detrimental additional one year extensions made pursuant to the Companyterms of Section 7(a) will be guaranteed once the notice period for the extension or termination period found in Section 7(a) has passed. a. (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. b. (c) All guaranteed Guaranteed Payments described in this Section and payable to the Executive shall be payable to the Estate of Syd Cooke John J. Dillon in the event txx xxxxx xx xxxxx xxath of the Executive. c. (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 Syd CookeJohn J. Dillon's spxxxx, his attorney xx xxxxxxx xxxxxxey in fact, his personal representative, his guardian, or any other such person legally specifically listed, to whom whomever is legally authorized to receive monetary payments due and owing to Syd CookeJohn J. Dillon. d. In (e) Xx xxx xxxxt 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. e. Guaranteed Payments as provided (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 this Section shall consist a lump-sum payment, within thirty (30) calendar days after such termination, the salary received by him on the date of the equivalent of such termination in an amount equal to two (2) full years of salary 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 hereofannual salary.

Salary Guarantee. All salaries The salary payable to Executive hereunder (the Executive under the Agreement will be guaranteed ("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 event that Executive terminates this Contract pursuant to Section 7(e) hereof or in the event that the Company terminates Executive's employment pursuant to Section 7(b) hereof. (a) In the event that the Company elects not to renew the Contract as provided in (i) Section 7(a) hereof, or (ii) in the event Company terminates the Contract pursuant to Section 7(f) hereof, the Executive shall be entitled to a severance payment equal to twelve (12) months salary payable in twelve (12) equal monthly installments based upon the Executive's salary at the termination of the execution date Employment Term. (b) In the event that this Contract is terminated as a result of the Agreement for death of Executive as provided in Section 7(c) hereof, the full Employment Term Executive shall be entitled to a payment equal to twelve (12) months salary payable in a lump sum within thirty (30) days 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, or conviction of any felony or material tort which is detrimental to the Company. a. None death of the Guaranteed Payments described in this Section shall prevent Executive based upon the Executive from receiving Executive's salary at the Termination Benefits described in Section 13 date of the Agreement. b. All guaranteed Payments described in this Section and payable to the Executive his death. Any such payment shall be payable to the Estate of Syd Cooke 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 control occurs to the Guarantor, and thereafter, the term of this Contract is terminated for any reason other than pursuant to Section 7(b) hereof, or as a result of the option of the Executive pursuant to Section 7(e) hereof, the Executive shall be entitled to 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 xx xxxxx of death of the Executive. 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 sum shall be made to Syd Cooke, his attorney xx xxxx, his personal representative, his guardian, or any other such person legally specifically listed, to whom is legally authorized to receive monetary payments due and owing to Syd Cooke. d. In xxx xxxxt payable in a lump sum within thirty (30) days 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. e. Guaranteed Payments as provided in this Section shall consist of the equivalent of two (2) full years of salary and the balance of the year of termination, said guaranteed payments shall begin the day after the 's 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 hereofdeath.

Salary Guarantee. All salaries payable to the Executive under the Agreement will be guaranteed (the "the Guaranteed Payments") as of the execution effective 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) (iic) and (iiid) relating to acts or (e) hereof. (a) After the initial three year Employment Term of fraud or dishonesty for personal enrichmentGuaranteed Payments, or conviction of any felony or material tort which is detrimental additional one year extensions made pursuant to the Companyterms of Section 7(a) will be guaranteed once the notice period for the extension or termination period found in Section 7(a) has passed. a. (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. b. (c) All guaranteed Guaranteed Payments described in this Section and payable to the Executive shall be payable to the Estate of Syd Cooke Xxxxxxx X. Xxxxx in the event xx xxxxx of death of the Executive. c. (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 Syd Cooke, his Xxxxxxx X. Xxxxx'x attorney xx xxxxin fact, his personal representative, his guardian, or any other such person legally specifically listed, to whom whomever is legally authorized to receive monetary payments due and owing to Syd CookeXxxxxxx X. Xxxxx. d. (e) In xxx xxxxt 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. e. Guaranteed Payments as provided (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 this Section shall consist of the equivalent of two a lump-sum payment, within thirty (230) full years of salary and the balance of the year of calendar days after such termination, said guaranteed payments shall begin the day after salary received by him on the date of such termination and continue on the regular payment schedule hereunder until paid in full, also, said guaranteed payments shall also be subject an amount equal to the cost three (3) years of living increases as provided for in Section 2 hereofannual salary.

Salary Guarantee. All salaries payable to the Executive under the Agreement will be guaranteed (the "the Guaranteed Payments") as of the execution effective 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), (d) or (iie) and hereof. (iiia) relating to acts After the initial three year Employment Term of fraud or dishonesty for personal enrichmentGuaranteed Payments, or conviction of any felony or material tort which is detrimental additional one year extensions made pursuant to the Companyterms of Section 7(a) will be guaranteed once the notice period for the extension or termination period found in Section 7(a) has passed. a. (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. b. (c) All guaranteed Guaranteed Payments described in this Section and payable to the Executive shall be payable to the Estate of Syd Cooke in the event Raymond J. Ohlson xx xxx xxxxx xf death of the Executive. c. (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 Syd CookeRaymond J. Ohlson'x xxxxxx, his attorney xx xxxxxxx xxxxrney in fact, his personal representative, his guardian, or any other such person legally specifically listed, to whom whomever is legally authorized to receive monetary payments due and owing to Syd CookeRaymond J. Ohlson. d. In (x) Xx xxx xxxxt 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. e. Guaranteed Payments as provided (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 this Section shall consist a lump-sum payment, within thirty (30) calendar days after such termination, the salary received by him on the date of the equivalent of such termination in an amount equal to two (2) full years of salary 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 hereofannual salary.

Salary Guarantee. All salaries payable to the Executive under the Agreement will be guaranteed (the "the Guaranteed Payments") as of the execution effective 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) (iic) and (iiid) relating to acts or (e) hereof. (a) After the initial three year Employment Term of fraud or dishonesty for personal enrichmentGuaranteed Payments, or conviction of any felony or material tort which is detrimental additional one year extensions made pursuant to the Companyterms of Section 7(a) will be guaranteed once the notice period for the extension or termination period found in Section 7(a) has passed. a. (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. b. (c) All guaranteed Guaranteed Payments described in this Section and payable to the Executive shall be payable to the Estate of Syd Cooke Paul B. Pheffer in the event evenx xx xxxxx of the xx xxe Executive. c. (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 Syd CookePaul B. Pheffer's spouse, his attorney xxxxxxxx xx xxxx, his personal representative, his guardian, or any other such person legally specifically listed, to whom whomever is legally authorized to receive monetary payments due and owing to Syd CookePaul B. Pheffer. d. (e) In the evexx xx xxx xxxxt 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. e. Guaranteed Payments as provided (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 this Section shall consist a lump-sum payment, within thirty (30) calendar days after such termination, the salary received by him on the date of the equivalent of such termination in an amount equal to two (2) full years of salary 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 hereofannual salary.