Common use of Accrued Salary and Paid Time Off Clause in Contracts

Accrued Salary and Paid Time Off. On the Separation Date, the Company will pay you all accrued salary and all accrued and unused vacation/PTO earned through the Separation Date, subject to standard payroll deductions and withholdings. You are entitled to this payment by law. You will remain eligible for a performance bonus for 2022 pursuant to the terms of the Company’s bonus plan, to be paid at the same time as when bonuses are paid to the rest of the executive team which in no event shall be later than March 1st, 2023.

Appears in 3 contracts

Samples: Separation Agreement (Enovix Corp), Separation Agreement (Enovix Corp), Separation Agreement (Enovix Corp)

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Accrued Salary and Paid Time Off. On the Separation Date, the Company will pay you all accrued salary and all accrued and unused vacation/PTO earned through the Separation Date, subject to standard payroll deductions and withholdings. You are entitled to this payment by law. You The Company will remain eligible for a performance also pay you the amount, less applicable deductions and withholdings, of your 2022 bonus for 2022 pursuant to as calculated and approved by the terms Personalis Board of Directors or the Compensation Committee thereof. This payment will be made in accordance with the Company’s standard bonus plan, to payment timeline and will be paid at the same time as when bonuses are paid to the rest of the executive team which in no event shall be later than March 1stApril 15, 2023.

Appears in 1 contract

Samples: Separation Agreement (Personalis, Inc.)

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Accrued Salary and Paid Time Off. On the Separation Date, the Company will pay you all accrued salary salary, and all accrued and unused vacation/PTO vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You are entitled to this payment these payments by law. You The Company will remain eligible for also pay you a performance 2016 bonus for 2022 pursuant to the terms of the Company’s bonus plan, to be paid at the same time as when bonuses are paid to the rest of the executive team which in no event shall be later than March 1st, 2023other executives receive their 2016 bonuses.

Appears in 1 contract

Samples: Separation Agreement (Aquinox Pharmaceuticals, Inc)

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