Common use of Accrued Wages and Vacation; Expenses Clause in Contracts

Accrued Wages and Vacation; Expenses. Without regard to the reason for, or the timing of, Employee’s termination of employment: (i) CollaGenex shall pay the Employee any unpaid base salary due for periods prior to the Termination Date; (ii) CollaGenex shall pay the Employee all of the Employee’s accrued and unused vacation through the Termination Date; and (iii) following submission of proper expense reports by the Employee, CollaGenex shall reimburse the Employee for all expenses reasonably and necessarily incurred by the Employee in connection with the business of CollaGenex prior to the Termination Date. These payments shall be made promptly upon termination and within the period of time mandated by law.

Appears in 2 contracts

Samples: Change of Control Agreement (Collagenex Pharmaceuticals Inc), Change of Control Agreement (Collagenex Pharmaceuticals Inc)

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Accrued Wages and Vacation; Expenses. Without regard to the reason for, or the timing of, Employee’s 's termination of employment: : (i) CollaGenex shall pay the Employee any unpaid base salary due for periods prior to the Termination Date; (ii) CollaGenex shall pay the Employee all of the Employee’s 's accrued and unused vacation through the Termination Date; and (iii) following submission of proper expense reports by the Employee, CollaGenex shall reimburse the Employee for all expenses reasonably and necessarily incurred by the Employee in connection with the business of CollaGenex prior to the Termination Date. These payments shall be made promptly upon termination and within the period of time mandated by law.

Appears in 2 contracts

Samples: Change of Control Agreement (Collagenex Pharmaceuticals Inc), Severance Agreement (Collagenex Pharmaceuticals Inc)

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