Example ContractsClausesexempt salaried employeeVariants
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in ten (10) substantially equal annual installments (based on a declining balance method) with the first installment payable on the first regular Company payroll date for salaried exempt employees in the seventh calendar month next following the Participant’s Separation from Service and the second through the tenth installments payable in each successive tax year of the Participant on the first regular Company payroll date for salaried exempt employees after the anniversary of the first installment payment.

in ten (10) substantially equal annual installments (based on a declining balance method) with the first installment payablelump sum payment on the first regular Company payroll date for salaried exempt employees to occur in the seventh calendar month next following thesuch Participant’s Separation from Service and the second through the tenth installments payable in each successive tax year of the Participant on the first regular Company payroll date for salaried exempt employees after the anniversary of the first installment payment.Service, or

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