Common use of No Other Payments Due Clause in Contracts

No Other Payments Due. Employee acknowledges and agrees that he/she has received all salary, accrued vacation, bonuses, or other such sums due to Employee other than amounts to be paid and benefits provided pursuant to Section 2 of this Agreement. In light of the payment by the Company of all wages due, or to become due to the Employee, the Parties further acknowledge and agree that California Labor Code section 206.5 is not applicable to the Parties hereto. That section provides in pertinent part as follows: No employer shall require the execution of any release of any claim or right on account of wages due, or to become due, or made as an advance on wages to be earned, unless payment of such wages has been made.

Appears in 3 contracts

Samples: Separation Agreement and Release (QRS Corp), Separation Agreement and Release (QRS Corp), Separation Agreement and Release (QRS Corp)

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No Other Payments Due. Employee acknowledges and agrees that he/she he has received all salary, accrued vacation, bonuses, or other such sums due to Employee other than amounts to be paid and benefits provided pursuant to Section Paragraph 2 of this Agreement. In light of the payment by the Company of all wages due, or to become due to the Employee, the Parties further acknowledge and agree that California Labor Code section 206.5 is not applicable to the Parties hereto. That section provides in pertinent part as follows: No employer shall require the execution of any release of any claim or right on account of wages due, or to become due, or made as an advance on wages to be earned, unless payment of such wages has been made.

Appears in 1 contract

Samples: Separation Agreement and General Release (QRS Corp)

No Other Payments Due. Employee acknowledges and agrees that he/she he has received all salary, accrued vacation, bonuses, or other such sums due to Employee other than amounts to be paid and benefits provided pursuant to Section 2 of this Agreement. In light of the payment by the Company of all wages due, or to become due to the Employee, the Parties further acknowledge and agree that California Labor Code section 206.5 is not applicable to the Parties hereto. That section provides in pertinent part as follows: No employer shall require the execution of any release of any claim or right on account of wages due, or to become due, or made as an advance on wages to be earned, unless payment of such wages has been made.

Appears in 1 contract

Samples: Separation Agreement and Release (QRS Corp)

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No Other Payments Due. Employee acknowledges and agrees that he/she Employee has received all salary, accrued vacation, commissions, bonuses, compensation, shares of stock or options therefor or other such sums due to Employee other than amounts to be paid and benefits provided pursuant to Section 2 of this AgreementEmployee. In light of the payment by the Company of all wages due, or to become due to the Employee, the Parties further acknowledge and agree that California Labor Code section Section 206.5 is not applicable to the Parties hereto. That section provides in pertinent part as follows: No employer shall require the execution of any release of any claim or right on account of wages due, or to become due, or made as an advance on wages to be earned, unless payment of such wages has been made.

Appears in 1 contract

Samples: Settlement Agreement and Release (Resound Corp)

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