Common use of Accrued Salary and Benefits Clause in Contracts

Accrued Salary and Benefits. The Company shall pay Employee's Base Salary through the effective date of termination of Employee's Employment. In addition to the Severance Payments payable to an eligible employee as described below, such employee shall receive the following: (i) payment for accrued but unused vacation time; and (ii) group health coverage, including eligible medical, dental and vision insurance through the last day of the calendar month during which the termination occurs (group health coverage after such date being governed by COBRA.)

Appears in 4 contracts

Samples: Employment Agreement (Molecular Biosystems Inc), Employment Agreement (Molecular Biosystems Inc), Employment Agreement (Molecular Biosystems Inc)

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Accrued Salary and Benefits. The Company shall pay Employee's Base Salary through the effective date of termination of Employee's Employment. In addition to the Severance Payments payable to an eligible employee as described belowaddition, such employee shall receive the following: (i) payment for accrued but unused vacation time; and (ii) group health coverage, including eligible medical, dental and vision insurance through the last day of the calendar month during which the termination occurs (group health coverage after such date being governed by COBRA.)

Appears in 3 contracts

Samples: Employment Agreement (Molecular Biosystems Inc), Employment Agreement (Molecular Biosystems Inc), Employment Agreement (Molecular Biosystems Inc)

Accrued Salary and Benefits. The Company shall pay Employee's Base Salary through the effective date of termination of Employee's Employment. In addition to the Severance Payments payable to an eligible employee as described below, such employee shall receive the following: (i) payment for accrued but unused vacation time; and (ii) group health coverage, including e.g., eligible medical, dental and vision insurance insurance, through the last day of the calendar month during which the termination occurs (group health coverage after such date being governed by COBRA.)

Appears in 2 contracts

Samples: Employment Agreement (Palatin Technologies Inc), Employment Agreement (Molecular Biosystems Inc)

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Accrued Salary and Benefits. The Company shall pay Employee's Base Salary through the effective date of termination of Employee's Employment. In addition to the Severance Payments payable to an eligible employee as described belowaddition, such employee Employee shall receive the following: (i) payment for accrued but unused vacation time; and (ii) group health coverage, including eligible medical, dental and vision insurance through the last day of the calendar month during which the termination occurs (group health coverage after such date being governed by COBRA.)

Appears in 1 contract

Samples: Employment Agreement (Molecular Biosystems Inc)

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