Common use of Accrued Payments Clause in Contracts

Accrued Payments. Upon termination of Executive’s employment for any reason, Executive shall be entitled to receive all amounts earned or accrued for or on behalf of Executive through the date of termination, but not paid as of such date, including (i) any earned but unpaid base salary as of the date of termination, together with any earned, but unpaid vacation pay and (ii) reimbursement for reasonable and necessary expenses incurred by Executive on behalf of the Company or any subsidiary during the period ending on the date of termination (together, the “Accrued Payments”).

Accrued Payments. Upon termination of Executive’s employment for any reason, Executive shall be entitled to receive all amounts earned or accrued for or on behalf of Executive through the date of termination, but not paid as of such date, including (i) any earned but unpaid base salary as of the date of termination, together with any earned, but unpaid vacation pay and (ii) reimbursement for reasonable and necessary expenses incurred by Executive on behalf of the Company or any subsidiary during the period ending on the date of termination (together, the “Accrued Payments”).