Common use of Special Compensation Benefits Clause in Contracts

Special Compensation Benefits. Employee shall be provided with the following benefits within sixty (60) days of the consummation of the sale of all or substantially all of the stock or assets of the Company which results in the termination or relocation of the Employee within one (1) year of sale: 4.1 Payment in an amount equal to three (3) months Base Pay at the rate of Base Pay then paid to Employee at the time of sale; and, 4.2 Payment for all accrued but unused vacation time.

Special Compensation Benefits. Employee shall be provided with the following benefits within sixty (60) days of the consummation of the sale of all or substantially all of the stock or assets of the Company which results in the termination or relocation of the Employee within one (1) year of sale: 4.1 Payment in an amount equal to three six (36) months Base Pay at the rate of Base Pay then paid to Employee at the time of sale; and, 4.2 Payment for all accrued but unused vacation time.