Common use of Accrued and Unpaid Compensation Clause in Contracts

Accrued and Unpaid Compensation. In addition to the Severance Payment provided above, Executive will receive a lump cash payment on the Termination Date, of any accrued and unpaid salary through the Termination Date and/or bonuses earned for any completed performance period but not yet paid as of the Termination Date and any earned, unused vacation time through the Termination Date. Any accrued and unpaid bonuses that would be considered deferred compensation under Section 409A of the Code will be subject to Section 2(g) and 2(h) of this Agreement and will be paid pursuant to the schedule set forth in 2(b)(iii) of this Agreement.

Appears in 3 contracts

Samples: Change in Control Severance Agreement (Ramtron International Corp), Change in Control Severance Agreement (Ramtron International Corp), Change in Control Severance Agreement (Ramtron International Corp)

AutoNDA by SimpleDocs

Accrued and Unpaid Compensation. In addition to the Severance Payment provided in Section 2(b) above, Executive will receive a lump cash payment on the Termination Date, Date of any accrued and unpaid salary through the Termination Date and/or bonuses Date, any incentive compensation earned for any completed performance period but not yet paid as of the Termination Date (subject to the terms of the applicable incentive compensation arrangement if amounts payable thereunder constitute deferred compensation within the meaning of Section 409A of the Code) and any earned, unused vacation time through the Termination Date. Any accrued and unpaid bonuses that would be considered deferred compensation under Section 409A of the Code will be subject to Section 2(g) and 2(h) of this Agreement and will be paid pursuant to the schedule set forth in 2(b)(iii) of this Agreement.

Appears in 3 contracts

Samples: Change in Control Severance Agreement (Ramtron International Corp), Change in Control Severance Agreement (Ramtron International Corp), Change in Control Severance Agreement (Ramtron International Corp)

Accrued and Unpaid Compensation. In addition to the Severance Payment provided in Section 2(b) above, Executive will receive a lump cash payment on the Termination Date, Date of any accrued and unpaid salary through the Termination Date and/or bonuses Date, anyincentive compensation earned for any completed performance period but not yet paid as of the Termination Date (subject to the terms of the applicable incentive compensation arrangement if amounts payable thereunder constitute deferred compensation within the meaning of Section 409A of the Code) and any earned, unused vacation time through the Termination Date. Any accrued and unpaid bonuses that would be considered deferred compensation under Section 409A of the Code will be subject to Section 2(g) and 2(h) of this Agreement and will be paid pursuant to the schedule set forth in 2(b)(iii) of this Agreement.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Ramtron International Corp)

AutoNDA by SimpleDocs

Accrued and Unpaid Compensation. In addition to the Severance Payment provided above, Executive will receive a lump cash payment on the Termination Date, of any accrued and unpaid salary through the Termination Date and/or bonuses earned for any completed performance period but not yet paid as of the Termination Date and any earned, unused vacation time through the Termination Date. Any accrued and unpaid bonuses that would be considered deferred compensation under Section 409A of the Code will be subject to Section 2(g) and 2(h) of this Agreement and will be paid pursuant to the schedule set forth in 2(b)(iii2(b)(ii) of this Agreement.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Ramtron International Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!