Transition Payments. For purposes of this Agreement, the term “Transition Period” means a period of two (2) years from the effective date of Associate’s termination of employment with Walmart. If Walmart terminates Associate’s employment, Walmart will pay Associate during the Transition Period an amount equal to Associate’s base salary at the rate in effect on the date of termination (“Transition Payments”), subject to such withholding as may be required by law and subject to the conditions set forth in this Section 2. Transition Payments will commence and be paid at the times and in the amounts provided in Section 2(E).
Appears in 4 contracts
Samples: Post Termination Agreement and Covenant Not to Compete, Post Termination Agreement and Covenant Not to Compete, Post Termination Agreement and Covenant Not to Compete (Wal Mart Stores Inc)
Transition Payments. For purposes of this Agreement, the term “"Transition Period” " means a period of two (2) years from the effective date of Associate’s 's termination of employment with Walmart. If Walmart terminates Associate’s 's employment, Walmart will pay Associate during the Transition Period an amount equal to Associate’s 's base salary at the rate in effect on the date of termination (“"Transition Payments”"), subject to such withholding as may be required by law and subject to the conditions set forth in this Section 2. Transition Payments will commence and be paid at the times and in the amounts provided in Section 2(E).
Appears in 1 contract
Samples: Post Termination Agreement and Covenant Not to Compete
