Separation Benefit. (a) Parent agrees to pay the Employee an amount equal to one (1) year of his then-existing base salary (minus applicable withholdings and payroll taxes), payable in equal installments over a one-year period in accordance with Parent’s normal payroll practices, in the event that:
Appears in 4 contracts
Samples: Separation Benefit Agreement (Exopack Holding Corp), Separation Benefit Agreement (Exopack Holding Corp), Separation Benefit Agreement (Exopack Holding Corp)
Separation Benefit. (a) Parent agrees to pay the Employee an amount equal to one (1) year of his then-existing base salary $480,000 (minus applicable withholdings and payroll taxes), payable in equal installments over a one-year period in accordance with Parent’s normal payroll practices, in the event that:
Appears in 1 contract
Samples: Separation Benefit Agreement (Exopack Holding Corp)
