Common use of Benefits; Miscellaneous Clause in Contracts

Benefits; Miscellaneous. In the event of any termination of Executive’s employment at any time during the term of this Agreement, (1) the Company shall pay the Executive any unpaid Base Compensation due for periods prior to the Termination Date; (2) the Company shall pay the Executive all of the Executive’s accrued and unused vacation through the Termination Date; and (3) following submission of proper expense reports by the Executive (or his estate), the Company shall reimburse the Executive for all expenses reasonably and necessarily incurred by the Executive in connection with the business of the Company. These payments shall be made promptly at the Company’s next scheduled payroll date.

Appears in 8 contracts

Samples: Employment Agreement (Lam Research Corp), Employment Agreement (Lam Research Corp), Employment Agreement (Lam Research Corp)

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Benefits; Miscellaneous. In the event of any termination of Executive’s employment at any time during the term of this Agreement, (1) the Company shall pay the Executive any unpaid Base Compensation due for periods prior to the Termination Date; (2) the Company shall pay the Executive all of the Executive’s accrued and unused vacation through the Termination Date; and (32) following submission of proper expense reports by the Executive (or his estate), the Company shall reimburse the Executive for all expenses reasonably and necessarily incurred by the Executive through the Termination Date in connection with the business of the Company. These payments shall be made promptly at the Company’s next scheduled payroll date.

Appears in 4 contracts

Samples: Employment Agreement (Lam Research Corp), Employment Agreement (Lam Research Corp), Employment Agreement (Lam Research Corp)

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Benefits; Miscellaneous. In the event of any termination of Executive’s employment at any time during the term of this Agreement, (1) the Company shall pay the Executive any unpaid Base Compensation due for periods prior to the Termination Date; (2) the Company shall pay the Executive all of the Executive’s accrued and unused vacation through the Termination Date; and (32) following submission of proper expense reports by the Executive (or his estate), the Company shall reimburse the Executive for all expenses reasonably and necessarily incurred by the September 8, 2020 Xxxxxxx X. Xxxx Employment Agreement Executive through the Termination Date in connection with the business of the Company. These payments shall be made promptly at the Company’s next scheduled payroll date.

Appears in 1 contract

Samples: Employment Agreement (Lam Research Corp)

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