Common use of Accrued Wages, Bonuses and Vacation Clause in Contracts

Accrued Wages, Bonuses and Vacation. To the extent not paid directly by Seller or the Company to employees of the Company who accept Buyer's offer of employment as provided in Section 11.2.1 ("Hired Employees"), accrued liabilities relating to accrued but unpaid wages and accrued bonuses and earned but unused vacation under the Company's employee benefits policy in effect as of the date hereof associated with the Hired Employees, provided that Seller or the Company has exercised its option under Section 11.2.3 to pay such wages, bonuses and vacation pay to Buyer in the form of a reduction in the Cash Portion of the Purchase Price; and

Accrued Wages, Bonuses and Vacation. To the extent not ----------------------------------- paid directly by Seller or the Company to employees of the Company who accept Buyer's offer of employment as provided in Section 11.2.1 ("Hired Employees"), accrued liabilities relating to accrued but unpaid wages and accrued bonuses and earned but unused vacation under the Company's employee benefits policy in effect as of the date hereof associated with the Hired Employees, provided that Seller or the Company has exercised its option under Section 11.2.3 to pay such wages, bonuses and vacation pay to Buyer in the form of a reduction in the Cash Portion of the Purchase Price; and