Common use of Wage Continuation Clause in Contracts

Wage Continuation. i. If Employee's employment with the Company is terminated pursuant to subsection (ii) of Section 4(a), the Company shall (x) continue to pay to Employee his Base Salary (less any payments received by Employee or his beneficiaries from any disability income provided to him by the Company) and any Performance Bonus for all periods prior to termination (pro rated for such year) and continuing with respect to the Base Salary through the Non-Competition Period (as defined below), and (y) continue to provide health insurance (the extension of which shall limit or remove any COBRA obligations to the extent the traditional terms thereunder are reduced by such additional benefit), dental, disability and all other Benefits existing on the date of termination (on substantially the same terms as those in place at termination) for Employee through the Non-Competition Period.

Wage Continuation. i. If Employee's employment with the Company is terminated pursuant to subsection (ii) of Section 4(a), the Company shall (x) continue to pay to Employee his Base Salary (less any payments received by Employee or his beneficiaries from any disability income provided to him by the Company) and any Performance Bonus for all periods prior to termination (pro rated for such year) and continuing with respect to the Base Salary through the Non-Competition Period (as defined below), and (y) the Company shall continue to provide health insurance (the extension of which shall limit or remove any COBRA obligations to the extent the traditional terms thereunder are reduced by such additional benefit), dental, disability and all other Benefits existing on the date of termination (on substantially the same terms as those in place at termination) for Employee through until the Non-Competition Period.Final Payment Date. For purposes of this Agreement, "