Common use of Definition of Accrued Obligations Clause in Contracts

Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations” means: (i) the portion of Executive’s Base Salary that has accrued prior to any termination of Executive’s employment with Company and has not yet been paid; and (ii) the amount of any expenses properly incurred by Executive on behalf of Company prior to any such termination and not yet reimbursed. Executive’s entitlement to any other compensation or benefit under any plan of Company shall be governed by and determined in accordance with the terms of such plans, except as otherwise specified in this Agreement.

Appears in 17 contracts

Samples: Executive Employment Agreement (Wave Life Sciences Ltd.), Executive Employment Agreement (Revolution Acceleration Acquisition Corp), Executive Employment Agreement (Wave Life Sciences Ltd.)

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Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations” means: (i) the portion of Executive’s Base Salary that has accrued prior to any termination of Executive’s employment with Company and has not yet been paid; and (ii) the amount of any expenses properly incurred by Executive on behalf of the Company prior to any such termination and not yet reimbursed. Executive’s entitlement to any other compensation or benefit under any Company plan of Company shall be governed by and determined in accordance with the terms of such plans, except as otherwise specified in this Agreement.

Appears in 14 contracts

Samples: Executive Employment Agreement (Inhibrx, Inc.), Executive Employment Agreement (Inhibrx, Inc.), Executive Employment Agreement (Inhibrx, Inc.)

Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations” means: (i) means the portion of Executive’s Base Salary that has accrued prior to any termination of Executive’s employment with Company and has not yet been paid; , and (ii) the amount of any expenses properly incurred by Executive on behalf of Company prior to any such termination and not yet reimbursed. Executive’s entitlement to any other compensation or benefit under any plan of Company shall be governed by and determined in accordance with the terms of such plans, except as otherwise specified in this Agreement.

Appears in 7 contracts

Samples: Executive Employment Agreement (Diffusion Pharmaceuticals Inc.), Executive Employment Agreement (Diffusion Pharmaceuticals Inc.), Employment Agreement (Checkmate Pharmaceuticals, Inc.)

Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations” means: (i) the portion of Executive’s Base Salary that has accrued accrued, including vacation time, prior to any termination of Executive’s employment with Company and has not yet been paid; and (ii) the amount of any expenses properly incurred by Executive on behalf of Company prior to any such termination and not yet reimbursed. Executive’s entitlement to any other compensation or benefit under any plan of Company shall be governed by and determined in accordance with the terms of such plans, except as otherwise specified in this Agreement.

Appears in 3 contracts

Samples: Executive Employment Agreement (Orgenesis Inc.), Solicitation Agreement (Akari Therapeutics PLC), Solicitation Agreement (Akari Therapeutics PLC)

Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations” means: (i) means the portion of Executive’s Base Salary that has accrued prior to any termination of Executive’s employment with Company and has not yet been paid; , pay for earned but unused vacation time, and (ii) the amount of any expenses properly incurred by Executive on behalf of Company prior to any such termination and not yet reimbursed. Executive’s entitlement to any other compensation or benefit under any plan of Company shall be governed by and determined in accordance with the terms of such plans, except as otherwise specified in this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Checkmate Pharmaceuticals, Inc.), Executive Employment Agreement (Checkmate Pharmaceuticals, Inc.), Executive Employment Agreement (Checkmate Pharmaceuticals, Inc.)

Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations” means: means (i) the portion of Executive’s Base Salary that has as accrued prior to any termination the Date of Executive’s employment with Company Termination and that has not yet been paid; , (ii) an amount equal to the value of Executive’s accrued, but unused and unpaid time off (calculated at the Base Salary amount), and (iiiv) the amount of any expenses properly incurred by Executive on behalf of the Company prior to any such termination the Date of Termination and not yet reimbursed. Executive’s entitlement to any other compensation or benefit under any plan of Company shall be governed by and determined in accordance with the terms of such plans, except as otherwise specified in this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Alloy Inc), Employment Agreement (Alloy Inc)

Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations” means: means (i) the portion of Executive’s Base Salary that has accrued prior to any termination of Executive’s employment with the Company and has not yet been paid; and (ii) the amount of any expenses properly incurred by Executive on behalf of the Company prior to any such termination and not yet reimbursed. Executive’s entitlement to any other compensation or benefit under any plan of the Company shall be governed by and determined in accordance with the terms of such plans, except as otherwise specified in this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Qiagen N.V.), Employment Agreement (Qiagen N.V.)

Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations” means: means (i) the portion of Executive’s Base Salary that has accrued prior to any termination of Executive’s employment with the Company and has not yet been paid; (ii) an amount equal to the value of Executive’s accrued unused vacation days; and (iiiii) the amount of any expenses properly incurred by Executive on behalf of the Company prior to any such termination and not yet reimbursed. Executive’s entitlement to any other compensation or benefit under any plan of Company shall be governed by and determined in accordance with the terms of such plans, except as otherwise specified in this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Orchid Cellmark Inc)

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Definition of Accrued Obligations. For purposes of this Agreement, "Accrued Obligations" means: (i) the portion of Executive’s Executive 's Base Salary that has accrued accrued, including vacation time, prior to any termination of Executive’s ' s employment with Company and has not yet been paid; and (ii) the amount of any expenses properly incurred by Executive on behalf of Company prior to any such termination and not yet reimbursed. Executive’s 's entitlement to any other compensation or benefit under any plan of Company shall sha11 be governed by and determined in accordance with the terms of such plans, except as otherwise specified in this Agreement.

Appears in 1 contract

Samples: Solicitation Agreement (Akari Therapeutics PLC)

Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations” means: (i) the portion of Executive’s Base Salary that has accrued prior to any termination of Executive’s employment with the Company and that has not yet been paid; and (ii) the amount of any expenses properly incurred by Executive on behalf of the Company prior to any such termination and not yet reimbursed. Executive’s entitlement to any other compensation or benefit under any plan of the Company shall be governed by and determined in accordance with the terms of such plans, except as otherwise specified in this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Proteostasis Therapeutics, Inc.)

Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations” means: (i) the portion of Executive’s Annual Base Salary that has accrued prior to before any termination of Executive’s employment with the Company and has not yet been paid; and (ii) the amount of any expenses properly incurred by Executive on behalf of the Company prior to before any such termination and not yet reimbursed. Executive’s entitlement to any other compensation or benefit under any Company plan of Company shall be governed by and determined in accordance with the terms of such plansplans (if any), except as otherwise specified in this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Notable Labs, Ltd.)

Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations” means: (i) the portion of Executive’s Base Salary that has accrued prior to before any termination of Executive’s employment with Company and has not yet been paid; and (ii) the amount of any expenses properly incurred by Executive on behalf of the Company prior to before any such termination and not yet reimbursed. Executive’s entitlement to any other compensation or benefit under any Company plan of Company shall be governed by and determined in accordance with the terms of such plansplans (if any), except as otherwise specified in this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Vascular Biogenics Ltd.)

Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations” means: (i) the portion of Executive’s Base Salary that has accrued prior to any termination of Executive’s employment with Company and has not yet been paid; and (ii) the amount of any expenses properly incurred by Executive on behalf of Company prior to any such termination and not yet reimbursed. Executive’s entitlement to any other compensation or benefit under any plan of Company shall be governed by and determined in accordance with the terms of such plans, except as otherwise specified in this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Wave2Wave Communications, Inc.)

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