One Time Cash Payments. The parties hereto acknowledge that the Company has delivered to Employee the following payments: o A check for Employee's salary earned from the last salary payment date of September 11, 1998, up to and including September 21, 1998, in the net amount of $6,766.43; and o A check for Employee's accrued and unused vacation hours, up to and including September 21, 1998, in the amount of $28,678.72. Additionally, upon the expiration of the waiting period and non-revocation of this Agreement by the Employee as described in Section 8 hereof, the Company shall pay to Employee, in full satisfaction of its obligation under Section 1 of the Severance Agreement, a lump sum cash severance payment of $200,080 less applicable deductions and withholding, resulting in a net cash payment to Employee by check of $129,151.64. The foregoing description of one-time cash payments is not intended to limit the other obligations of the Company to Employee under the Severance Agreement or the Consulting Agreement.
One Time Cash Payments
