Second and Subsequent Transition Periods Clause Samples

Second and Subsequent Transition Periods. During the Second Transition Period and the Subsequent Transition Periods, if any, Executive shall be entitled to receive the following compensation and benefits from the Company: (i) The Company shall pay Executive a base salary of $100,000 per year, payable monthly in accordance with the Company’s standard payroll practices; and (ii) Executive will be eligible for continued benefits as described in Section 4(a)(iii) above.