Common use of Accrued Pay and Benefits Clause in Contracts

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.

Appears in 3 contracts

Samples: Severance Agreement (American Business Products Inc), Severance Agreement (American Business Products Inc), Severance Agreement (American Business Products Inc)

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Accrued Pay and Benefits. As soon as practical following such a Qualifying Termination, but no later than 10 business days following such Qualifying 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.

Appears in 1 contract

Samples: Severance Agreement (American Business Products Inc)

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Accrued Pay and Benefits. As soon as practical practicable 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.

Appears in 1 contract

Samples: Severance Agreement (American Business Products Inc)

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