Common use of Final Compensation Clause in Contracts

Final Compensation. In the event of termination of the Executive’s employment with the Company, howsoever occurring, the Company shall pay the Executive (i) the Base Salary for the final payroll period of his employment, through the date his employment terminates; (ii) compensation at the rate of the Base Salary for any vacation time earned but not used as of the date his employment terminates; and (iii) reimbursement, in accordance with Section 2(e) hereof, for business expenses incurred by the Executive but not yet paid to the Executive as of the date his employment terminates, provided that the Executive submits all expenses and supporting documentation required within sixty (60) days of the date his employment terminates, and provided further that such expenses are reimbursable under Company policies then in effect (all of the foregoing, “Final Compensation”). Except as otherwise provided in Section 5(a)(iii), Final Compensation will be paid to the Executive within thirty (30) days following the date of termination or such shorter period required by law.

Appears in 4 contracts

Samples: Employment Agreement (CBRE Acquisition Holdings, Inc.), Employment Agreement (CBRE Acquisition Holdings, Inc.), Employment Agreement (Beam Therapeutics Inc.)

AutoNDA by SimpleDocs

Final Compensation. In the event of termination of the Executive’s employment with the CompanyCompanies, howsoever occurring, the Company Companies shall pay the Executive (i) the Base Salary for the final payroll period of his employment, through the date his employment terminates; (ii) compensation at the rate of the Base Salary for any vacation time earned but not used as of the date his employment terminates; and (iii) reimbursement, in accordance with Section 2(e) hereof, for business expenses incurred by the Executive but not yet paid to the Executive as of the date his employment terminates, provided that the Executive submits all expenses and supporting documentation required within sixty (60) days of the date his employment terminates, and provided further that such expenses are reimbursable under Company policies of the Companies then in effect (all of the foregoing, “Final Compensation”). Except as otherwise provided in Section 5(a)(iii), Final Compensation will be paid to the Executive within thirty (30) days following the date of termination or such shorter time period required by law.

Appears in 3 contracts

Samples: Employment Agreement (Duckhorn Portfolio, Inc.), Employment Agreement (Duckhorn Portfolio, Inc.), Employment Agreement (Duckhorn Portfolio, Inc.)

Final Compensation. In the event of termination of the Executive’s employment with the Company, howsoever occurring, the Company shall pay the Executive (i) the Base Salary for the final payroll period of his the Executive’s employment, through the date his the Executive’s employment terminates; (ii) compensation any bonus in respect of a prior year which has not yet been paid, payable at the rate of the Base Salary for any vacation such time earned but not used as of the date his employment terminateswhen such bonus would otherwise have been paid; and (iii) reimbursement, in accordance with Section 2(e2(f) hereof, for business expenses incurred by the Executive but not yet paid to the Executive as of the date his the Executive’s employment terminates, provided that the Executive submits all expenses and supporting documentation required within sixty (60) days of the date his the Executive’s employment terminates, and provided further that such expenses are reimbursable under Company policies then in effect (all of the foregoing, “Final Compensation”). Except as otherwise provided in Section Sections 5(a)(ii) and 5(a)(iii), Final Compensation will be paid to the Executive within thirty (30) days following the date of termination or such shorter period required by law.

Appears in 3 contracts

Samples: Employment Agreement (Cerevel Therapeutics Holdings, Inc.), Employment Agreement (Cerevel Therapeutics Holdings, Inc.), Employment Agreement (Cerevel Therapeutics Holdings, Inc.)

Final Compensation. In the event of termination of the Executive’s employment with the CompanyCompanies, howsoever occurring, the Company Companies shall pay the Executive (i) the Base Salary for the final payroll period of his employment, through the date his employment terminates; (ii) compensation at the rate of the Base Salary for any vacation time earned but not used as of the date his employment terminatesAccrued PTO; and (iii) reimbursement, in accordance with Section 2(e) hereof, for business expenses incurred by the Executive but not yet paid to the Executive as of the date his employment terminates, provided that the Executive submits all expenses and supporting documentation required within sixty (60) days of the date his employment terminates, and provided further that such expenses are reimbursable under Company policies of the Companies then in effect (all of the foregoing, “Final Compensation”). Except as otherwise provided in Section 5(a)(iii), Final Compensation will be paid to the Executive within thirty (30) days following the date of termination or such shorter time period required by law.

Appears in 3 contracts

Samples: Employment Agreement (Duckhorn Portfolio, Inc.), Employment Agreement (Duckhorn Portfolio, Inc.), Employment Agreement (Duckhorn Portfolio, Inc.)

Final Compensation. In the event of termination of the Executive’s employment with the Company, howsoever occurring, the Company shall pay the Executive (i) the Base Salary for the final payroll period of his employment, through the date his employment terminates; (ii) compensation at the rate of the Base Salary for any vacation time earned but not used as of the date his employment terminates; and (iii) reimbursement, in accordance with Section 2(e4(f) hereofabove, for business expenses incurred by the Executive but not yet paid to the Executive as of the date his employment terminates, provided that the Executive submits all expenses and supporting documentation required within sixty (60) days of the date his employment terminates, and provided further that such business expenses are reimbursable under Company policies then in effect (all of the foregoing, “Final Compensation”). Except as otherwise provided in Section 5(a)(iii7(a)(iii), Final Compensation will be paid to the Executive within thirty (30) days following the date of termination or such shorter period required by law.

Appears in 2 contracts

Samples: Founder/Executive Vice Chairman Compensation Agreement (Cuentas Inc.), Founder/Executive Chairman Compensation Agreement (Cuentas Inc.)

Final Compensation. In the event of termination of the Executive’s employment with the Company, howsoever occurring, the Company shall pay the Executive (i) the Base Salary for the final payroll period of his employment, employment through the date his employment terminates; (ii) compensation at the rate of the Base Salary for any vacation time earned but not used as of the date his employment terminates; and (iii) reimbursement, in accordance with Section 2(e2(f) hereof, for business expenses incurred by the Executive but not yet paid to the Executive as of the date his employment terminates, provided that the Executive submits all expenses and supporting documentation required within sixty (60) days of the date his employment terminates, and provided further that such expenses are reimbursable under Company policies then in effect (all of the foregoing, “Final Compensation”). Except as otherwise provided in Section 5(a)(iii), Final Compensation will be paid to the Executive within thirty (30) days following the date of termination or such shorter period required by law.

Appears in 2 contracts

Samples: Employment Agreement (Cyteir Therapeutics, Inc.), Employment Agreement (Cyteir Therapeutics, Inc.)

Final Compensation. In the event of termination of the Executive’s employment with the Company, howsoever occurring, the Company shall pay the Executive (i) the Base Salary for the final payroll period of his employment, employment through the date his employment terminates; (ii) compensation at the rate of the Base Salary for any vacation time earned but not used as of the date his employment terminates; and (iii) reimbursement, in accordance with Section 2(e2(g) hereof, for business expenses incurred by the Executive but not yet paid to the Executive as of the date his employment terminates, provided that the Executive submits all expenses and supporting documentation required within sixty (60) days of the date his employment terminates, and provided further that such expenses are reimbursable under Company policies then in effect (all of the foregoing, “Final Compensation”). Except as otherwise provided in Section 5(a)(iii), Final Compensation will be paid to the Executive within thirty (30) days following the date of termination or such shorter period required by law.

Appears in 2 contracts

Samples: Employment Agreement (Cyteir Therapeutics, Inc.), Employment Agreement (Cyteir Therapeutics, Inc.)

Final Compensation. In the event of termination of the Executive’s employment with the Company, howsoever occurring, the Company shall pay the Executive (i) the Base Salary for the final payroll period of his employment, through the date his employment terminates; (ii) compensation at the rate of the Base Salary for any vacation time earned but not used as of the date his employment terminates; and (iii) reimbursement, in accordance with Section 2(e) hereof, for business expenses incurred by the Executive but not yet paid to the Executive as of the date his employment terminates, ; provided that the Executive submits all expenses and supporting documentation required within sixty thirty (6030) days of the date his employment terminates, and provided further that such expenses are reimbursable under Company policies as then in effect (all of the foregoing, “Final Compensation”). Except as otherwise provided in Section 5(a)(iii), Final Compensation will be paid to the Executive within thirty (30) days following the date of termination (or such shorter period required by law).

Appears in 2 contracts

Samples: Employment Agreement (Spinal Elements Holdings, Inc.), Employment Agreement (Spinal Elements Holdings, Inc.)

AutoNDA by SimpleDocs

Final Compensation. In the event of termination of the Executive’s employment with the Company, howsoever occurring, the Company shall pay the Executive (i) the Base Salary for the final payroll period of his employment, through the date his employment terminates; (ii) compensation at the rate of the Base Salary for any vacation time earned but not used as of the date his employment terminates; (iii) any earned but unpaid annual bonus for the year prior to the year in which his employment terminates (which shall be paid at the same time that annual bonuses for such year are paid to similarly-situated active employees of the Company); and (iiiiv) reimbursement, in accordance with Section 2(e) and (g) hereof, for business expenses incurred by the Executive but not yet paid to the Executive as of the date his employment terminates, provided that the Executive submits all expenses and supporting documentation required within sixty (60) days of the date his employment terminates, and provided further that such business expenses are reimbursable under Company policies then in effect (all of the foregoing, “Final Compensation”). Except as otherwise provided in Section 5(a)(iii) or 5(a)(iv), Final Compensation will be paid to the Executive within thirty (30) days following the date of termination or such shorter period required by law.

Appears in 1 contract

Samples: Employment Agreement (Advent Technologies Holdings, Inc.)

Final Compensation. In the event of termination of the Executive’s employment with the Company, howsoever occurring, the Company shall pay the Executive (i) the Base Salary for the final payroll period of his employment, through the date his employment terminates; (ii) compensation at the rate of the Base Salary for any vacation time earned but not used as of the date his employment terminates; and (iii) reimbursement, in accordance with Section 2(e4(f) hereofabove, for business expenses incurred by the Executive but not yet paid to the Executive as of the date his employment terminates, provided that the Executive submits all expenses and supporting documentation required within sixty (60) days of the date his employment terminates, and provided further that such business expenses are reimbursable under Company policies then in effect (all of the foregoing, “Final Compensation”). Except as otherwise provided in Section 5(a)(iii7(a) (iii), Final Compensation will be paid to the Executive within thirty (30) days following the date of termination or such shorter period required by law.

Appears in 1 contract

Samples: Employment Agreement (Cuentas Inc.)

Final Compensation. In the event of termination of the Executive’s employment with the CompanyCompanies, howsoever occurring, the Company Companies shall pay the Executive (i) the Base Salary for the final payroll period of his her employment, through the date his her employment terminates; (ii) compensation at the rate of the Base Salary for any vacation time earned but not used as of the date his her employment terminates; and (iii) reimbursement, in accordance with Section 2(e) hereof, for business expenses incurred by the Executive but not yet paid to the Executive as of the date his her employment terminates, provided that the Executive submits all expenses and supporting documentation required within sixty (60) days of the date his her employment terminates, and provided further that such expenses are reimbursable under Company policies of the Companies then in effect (all of the foregoing, “Final Compensation”). Except as otherwise provided in Section 5(a)(iii), Final Compensation will be paid to the Executive within thirty (30) days following the date of termination or such shorter time period required by law.

Appears in 1 contract

Samples: Employment Agreement (Duckhorn Portfolio, Inc.)

Final Compensation. In the event of termination of the Executive’s employment with the CompanyCompanies, howsoever occurring, the Company Companies shall pay the Executive Executive (i) the Base Salary for the final payroll period of his employment, through the date his employment terminates; (ii) compensation at the rate of the Base Salary for any vacation time earned but not used as of the date his employment terminates; and (iii) reimbursement, in accordance with Section 2(e) hereof, for business expenses incurred by the Executive but not yet paid to the Executive as of the date his employment terminates, provided that the Executive submits all expenses and supporting documentation required within sixty (60) days of the date his employment terminates, and provided further that such expenses are reimbursable under Company policies of the Companies then in effect (all of the foregoing, “Final Compensation”). Except as otherwise provided in Section 5(a)(iii), Final Compensation will be paid to the Executive within thirty (30) days following the date of termination or such shorter time period required by law.

Appears in 1 contract

Samples: Employment Agreement (Duckhorn Portfolio, Inc.)

Final Compensation. In the event of termination of the Executive’s employment with the CompanyCompanies, howsoever occurring, the Company Companies shall pay the Executive (i) the Base Salary for the final payroll period of his the Executive’s employment, through the date his the Executive’s employment terminates; (ii) compensation at the rate of the Base Salary for any vacation time earned but not used as of the date his employment terminatesAccrued PTO; and (iii) reimbursement, in accordance with Section 2(e) hereof, for business expenses incurred by the Executive but not yet paid to the Executive as of the date his the Executive’s employment terminates, provided that the Executive submits all expenses and supporting documentation required within sixty (60) days of the date his the Executive’s employment terminates, and provided further that such expenses are reimbursable under Company policies of the Companies then in effect (all of the foregoing, “Final Compensation”). Except as otherwise provided in Section 5(a)(iii), Final Compensation will be paid to the Executive within thirty (30) days following the date of termination or such shorter time period required by law.

Appears in 1 contract

Samples: Employment Agreement (Duckhorn Portfolio, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!