Common use of Accrued Amount Payment in Cash Clause in Contracts

Accrued Amount Payment in Cash. In the event the Company closes a round of financing, portion of the Accrued Amount due to Payee shall become payable. The cash amount shall be agreed upon by Payee and Company’s compensation committee or Board.

Accrued Amount Payment in Cash. In the event the Company closes a round of financing, portion of the Accrued Amount due to Payee shall become payable. The cash amount shall be agreed upon by Payee and the Company’s compensation committee or Board.