Common use of Salary through Termination Date Clause in Contracts

Salary through Termination Date. The Bank shall pay Officer his full base salary through the Termination Date at the monthly rate in effect at the time that Notice of Termination is given, together with an amount equal to the product of (x) a fraction, the numerator of which is the number of days in the year of termination preceding the Termination Date and the denominator of which is 360, and (y) the greater of the following amounts:

Appears in 3 contracts

Samples: Employment Agreement (Pointe Financial Corp), Employment Agreement (Pointe Financial Corp), Employment Agreement (Pointe Financial Corp)

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Salary through Termination Date. The Bank shall pay Officer his full base salary through the Termination Date at the monthly rate in effect at the time that Notice of Termination is given, together with an amount equal to the product of (x) a fraction, the numerator of which is the number of days in the year of termination preceding the Termination Date and the denominator of which is 360, and (y) the greater of the following amounts:.

Appears in 1 contract

Samples: Employment Agreement (Pointe Financial Corp)

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Salary through Termination Date. The Bank shall pay Officer his her full base salary through the Termination Date at the monthly rate in effect at the time that Notice of Termination is given, together with an amount equal to the product of (x) a fraction, the numerator of which is the number of days in the year of termination preceding the Termination Date and the denominator of which is 360, and (y) the greater of the following amounts:.

Appears in 1 contract

Samples: Employment Agreement (Pointe Financial Corp)

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