supra. In that event and provided the noncompete provisions of this Agreement apply, 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 intervals. 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)
supra. In that event and provided the noncompete provisions of this Agreement apply, the 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 intervals. No other benefits will be provided under this subsection (c)arrangements.
Appears in 2 contracts
Samples: Executive Employment Agreement (American Aircarriers Support Inc), Executive Employment Agreement (American Aircarriers Support Inc)