Accrued Payments. Upon termination of Executive’s employment for any reason, Executive (or Executive’s estate) shall be entitled to receive a lump sum payment equal to Executive’s earned but unpaid Salary through the date of termination, any Bonus if declared or earned but not yet paid for a completed calendar year, any expenses owed to Executive, any accrued PTO owed to Executive, and any amount arising from Executive’s participation in, or benefits under, any employee benefit plans, programs or arrangements, which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans, programs or arrangements.
Appears in 3 contracts
Samples: Employment Agreement (Nesco Holdings, Inc.), Employment Agreement (Capitol Investment Corp. IV), Employment Agreement (Capitol Investment Corp. IV)
Accrued Payments. Upon termination of Executive’s employment for any reason, Executive (or Executive’s estate) shall be entitled to receive a lump sum payment equal to Executive’s earned but unpaid Salary through the date of termination, any Bonus if declared or earned but not yet paid for a completed calendar year, any expenses owed to Executive, any accrued PTO vacation pay owed to Executive, and any amount arising from Executive’s participation in, or benefits under, any employee benefit plans, programs or arrangements, which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans, programs or arrangements.
Appears in 2 contracts
Samples: Employment Agreement (Capitol Investment Corp. IV), Employment Agreement (Capitol Investment Corp. IV)
Accrued Payments. Upon termination of the Executive’s employment for any reason, the Executive (or the Executive’s estate) shall be entitled to receive a lump sum payment equal to the Executive’s earned but unpaid Salary through the date of termination, any Bonus bonus if declared or earned but not yet paid for a completed calendar fiscal year, any expenses owed to the Executive, any accrued PTO vacation pay owed to the Executive, and any amount arising from the Executive’s participation in, or benefits under, under any employee benefit plans, programs or arrangements, which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans, programs or arrangements.
Appears in 1 contract
Samples: Employment Agreement (Noble Environmental Power LLC)
