Accrued Pay and Benefits Sample Clauses

Accrued Pay and Benefits. The Employer (or its designee) shall pay or provide to the Executive, at such times as they become payable, Base Salary, vacation pay, bonuses, incentives, and other benefits earned through the date of his termination of employment, subject to the terms and conditions of such benefits, as amended from time to time.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
Accrued Pay and Benefits. As soon as practical following such a Qualifying Termination, but no later than 10 business days following such Qualifying Termination, the Company shall provide the Executive with a lump sum cash payment equal to Executive's earned but unpaid base salary, earned and unpaid vacation pay, and any unreimbursed business expenses. Such payment shall constitute full satisfaction for these amounts owed to Executive.
Sample 1Sample 2Sample 3See All (5)
Accrued Pay and Benefits. The following amounts will be payable to Employee as soon as practicable following the Termination Date (but not later than the last day of the first payroll period ending after the Termination Date) in accordance with applicable law: (i) any accrued but unpaid Base Salary earned through the Termination Date; and (ii) all vested benefits and expense reimbursements to which Employee is entitled through the Termination Date. DocuSign Envelope ID: E1F55E59-F59F-4971-BAAF-7E81E9C6E2F9
Sample 1
Accrued Pay and Benefits. As soon as practical following a ------------------------ Qualifying Termination, but no later than 10 business days following such Qualifying Termination, the Company shall provide the Executive with a lump sum cash payment equal to Executive's earned but unpaid base salary, the Executive's Earned and Unused Vacation Pay (as hereinafter defined), unreimbursed business expenses and all other amounts earned by and owed to Executive through and including the date of the Qualifying Termination. In addition, Executive may continue to utilize any funds remaining in his or her Executive Allowance Fund for the remainder of the calendar year in which the Qualifying Termination occurs, for expenses permitted under the Executive Allowance Fund. If the Executive is leasing an automobile
Sample 1
Accrued Pay and Benefits. You acknowledge and agree that you have received pay for all work you performed for the Company through the Separation Date, as well as pay, at your final base rate of pay, for any vacation days you had earned but not used as of the Separation Date as reflected on the books of the Company, determined in accordance with Company policy. You shall be also be entitled to receive any vested benefits to which you are entitled under the employee benefit plans of the Company, payable pursuant to the terms and conditions of such benefit plans. You acknowledge and agree that the payments described in this Section 1 are in complete satisfaction of any and all compensation due to you from the Company, whether for services provided to the Company or otherwise, through the Separation Date and that, except as expressly provided under this Agreement, no further compensation is owed or will be paid to you.
Sample 1
Accrued Pay and Benefits. As soon as practical following a Qualifying Termination, but no later than 10 business days following such Qualifying Termination, the Company shall provide the Executive with a lump sum cash payment equal to Executive's earned but unpaid base salary, the Executive's Earned and Unused Vacation Pay (as hereinafter defined), unreimbursed business expenses and all other amounts earned by and owed to Executive through and including the date of the Qualifying Termination. In addition, Executive may continue to utilize any funds remaining in his or her Executive Allowance Fund for the remainder of the calendar year in which the Qualifying Termination occurs, for expenses permitted under the Executive Allowance Fund. If the Executive is leasing an automobile through the Executive Allowance Fund on the date of the Qualifying Termination, the Executive must continue the lease through the end of the calendar year in which the Qualifying Termination occurs and then may either assume responsibility for the payments on the lease or return the automobile to the Company in which case the Company shall assume responsibility for the lease. In the event any annual incentive payments are paid to employees for the fiscal year in which the Qualifying Termination occurs, at the time such payments are paid, the Company shall provide the Executive with a lump sum cash payment equal to a prorata portion of the Executive's incentive payment under the Company's annual incentive program based on actual corporate and business unit performance calculations for the applicable fiscal year and assuming target performance of the Executive's individual performance objectives, with such proration based on the portion of the fiscal year completed at the time of the Qualifying Termination; provided, however, that if the Qualifying Termination and the Consummation of a Change in Control Transaction occur in the same fiscal year, then the Company shall provide the Executive with a lump sum cash payment equal to a prorata portion of the Executive's incentive payment under the Company's annual incentive program assuming target performance of the corporate, business unit and individual performance objectives, with such proration based on the portion of the fiscal year completed at the time of the Qualifying Termination. Payments made under this paragraph shall constitute full satisfaction to the Executive for the accrued pay and benefits described in this paragraph. For purposes of this paragraph, ...
Sample 1

Related to Accrued Pay and Benefits

  • Severance Pay and Benefits Upon Termination by the Company without Cause or by the Executive for

  • Severance Payments; Salary and Benefits The Company agrees to provide Executive with the severance payments and benefits described in Section 4(b) [and Section 4(c)] of the Employment Agreement, payable at the times set forth in, and subject to the terms and conditions of, the Employment Agreement. In addition, to the extent not already paid, and subject to the terms and conditions of the Employment Agreement, the Company shall pay or provide to Executive all other payments or benefits described in Section 3(c) of the Employment Agreement, subject to and in accordance with the terms thereof.

  • Accrued Compensation and Benefits Notwithstanding anything to the contrary in Section 2 and 3 above, in connection with any termination of employment upon or following a Change in Control (whether or not a Qualifying Termination or CIC Qualifying Termination), the Company or its subsidiary shall pay Executive’s earned but unpaid base salary and other vested but unpaid cash entitlements for the period through and including the termination of employment, including unused earned vacation pay and unreimbursed documented business expenses incurred by Executive prior to the date of termination (collectively “Accrued Compensation and Expenses”), as required by law and the applicable Company or its subsidiary, as applicable, plan or policy. In addition, Executive shall be entitled to any other vested benefits earned by Executive for the period through and including the termination date of Executive’s employment under any other employee benefit plans and arrangements maintained by the Company or its subsidiary, as applicable, in accordance with the terms of such plans and arrangements, except as modified herein (collectively “Accrued Benefits”). Any Accrued Compensation and Expenses to which the Executive is entitled shall be paid to the Executive in cash as soon as administratively practicable after the termination, and, in any event, no later than two and one-half (2-1/2) months after the end of the taxable year of the Executive in which the termination occurs or at such earlier time as may be required by applicable law or Section 10 below, and to such lesser extent as may be mandated by Section 9 below. Any Accrued Benefits to which the Executive is entitled shall be paid to the Executive as provided in the relevant plans and arrangements.

  • Separation Pay and Benefits Specifically in consideration of your signing this Agreement and subject to the limitations, obligations, and other provisions contained in this Agreement, the Company agrees as follows:

  • Severance Payments and Benefits For purposes of this Agreement, the term "Severance Payments and Benefits" shall mean:

  • Salary and Benefits During the term of this Agreement:

  • Base Salary and Benefits (a) During the Employment Period, Executive’s base salary shall be $150,000 per year (the “Base Salary”), which salary shall be payable in regular installments in accordance with the Company’s general payroll practices and shall be subject to required withholding. The Base Salary shall be reviewed by the Board for increase at least once every twelve (12) months.

  • Separation Payments and Benefits Without admission of any liability, fact or claim, the Company hereby agrees, subject to Executive’s timely execution and non-revocation hereof and Executive’s compliance with Executive’s obligations pursuant to this Agreement and the Surviving Provisions, to provide Executive the severance payments and benefits set forth below:

  • Vacation and Benefits The Executive is entitled to four (4) weeks of vacation, which will accrue on a pro-rata basis during the employment year, in addition to all public holidays when the office is closed. Executive will be eligible to participate in all employee benefit plans established by the Company for its employees from time to time, subject to general eligibility and participation provisions set forth in such plans. In accordance with Company policies from time to time and subject to proper documentation, the Company will reimburse you for all reasonable and proper travel and business expenses incurred by you in the performance of your duties.

  • Payments and Benefits Subject to the terms and conditions of this Agreement, if the Executive’s employment is terminated during the Term of this Agreement and before a Change in Control (A) by the Company for a reason other than for Cause or (B) by the Executive for Good Reason, the Executive shall be entitled to:

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