supra. In that event and provided the noncompete provisions of this Agreement apply, then Company shall pay a severance allowance equal to one-half (1/2) of Executive's then current salary each year for a two (2) year period at the regularly scheduled pay arrangements.
Appears in 2 contracts
Samples: Executive Employment Agreement (American Aircarriers Support Inc), Executive Employment Agreement (American Aircarriers Support Inc)
supra. In that event and provided the noncompete provisions of this Agreement apply, then the Company shall pay a severance allowance equal to one-half (1/2) of Executive's then current salary each year for a two (2) year period at the regularly scheduled pay arrangementsintervals. No other benefits will be provided under this subsection (c).
Appears in 2 contracts
Samples: Executive Employment Agreement (American Aircarriers Support Inc), Executive Employment Agreement (American Aircarriers Support Inc)