Payment of Accrued Amounts Sample Clauses

Payment of Accrued Amounts. The Company shall pay to the Executive the portion of his or her annual salary that has accrued but is unpaid as of the Termination Date and an additional amount representing the Executive’s accrued but unused vacation days as of the Termination Date, in each case not later than the second payroll date after the Termination Date.

Payment of Accrued Amounts. Upon conversion of any shares of Series B Preferred Stock, all amounts then accrued or payable on such shares under this Certificate of Designation (including, without limitation, all Dividends, if any) through and including the Conversion Date shall be paid by the Corporation in cash. In the event that the Corporation elects to effect a payment-in-kind, the number of fully paid and non-assessable shares of Common Stock due shall be determined in accordance with the following formula:

Payment of Accrued Amounts. Upon conversion of any unpaid principal amount of this Note, all accrued interest on such amount through and including the Conversion Date shall be paid on the Conversion Date in accordance with Article I.A above.

Payment of Accrued Amounts. The Company shall pay to the Executive within 30 days following the Employment Termination Date all amounts due to the Executive for salary accrued for services rendered through the Employment Termination Date, less an amount for paid time off used but not accrued as of the Employment Termination Date.

Payment of Accrued Amounts. As of the Closing Date, the Company shall pay all vacation and/or paid time off that has been accrued but unused by any of the employees of the Company, all accrued wages, bonuses and commissions, and all other accrued but unpaid benefits.

Payment of Accrued Amounts. (a) The Company shall continue to pay to Executive his base salary of $331,500.00 per year through the Termination Date, in accordance with the Company’s normal payroll schedule and procedures for its executives. (b) On the later of (i) the date that the Waiver and Release referenced in Section 14 and attached hereto as Appendix C becomes irrevocable by Executive, so long as such Waiver and Release is executed by Executive and delivered to the Company on or before July 30, 2012 (defined as the Waiver Effective Date in the Waiver and Release), and (ii) July 30, 2012 (the “Payment Date”), the Company shall pay to Executive: (x) an amount equal to $24,870.00, which represents payment for all of Executive’s unused paid time off and (y) an amount equal to $44,849.00, which represents payment of Executive’s FYE 3/31/2013 Target Bonus accrued to June 30, 2012.

Payment of Accrued Amounts. On the Termination Date, the Manager shall deliver to the board of directors of the Company (the “Board”) a full accounting, including a statement showing all payments collected by the Manager and a statement of all money held by the Manager, in substantially the same form as previously furnished by the Manager to the Board, covering the period following the date of the last accounting furnished to the Board with respect to the Company and its Subsidiaries and a date no earlier than three (3) Business Days before the Termination Date. Within three (3) Business Days of the Termination Date, the Manager shall deliver to the Board in substantially the same form as previously furnished by the Manager to the Board, an accounting for the period beginning on the last day covered by the accounting pursuant to the previous sentence and ending on the Termination Date. The Manager shall pay over to the Company or any Subsidiary all money collected and held for the account of the Company or any of its Subsidiaries pursuant to the AMA.

Payment of Accrued Amounts. The Company shall pay to the Executive not later than the second payroll date after the Termination Date the following amounts: (a) the portion of his or her annual salary that has accrued but is unpaid as of the Termination Date; and (b) an additional amount representing the Executive’s accrued but unused vacation days as of the Termination Date.

Payment of Accrued Amounts. The Company shall have made all the payments contemplated in Section 6.18 to the Employees and shall have provided Parent with evidence of same.

Payment of Accrued Amounts. Subject to the Participant’s satisfaction of the settlement and other conditions set forth in Sections 5 and 6 of this Agreement for the applicable Performance Period: (a) the Accrued Amount, if any, for the 2022 Performance Period shall be paid to the Participant as a lump sum cash payment as soon as administratively practicable (but not more than 60 days) after the 2023 Scheduled Vesting Date; (b) the Accrued Amount, if any, for the 2023 Performance Period shall be paid to the Participant as a lump sum cash payment as soon as administratively practicable (but not more than 60 days) after the 2024 Scheduled Vesting Date; and (c) the Accrued Amount, if any, for the 2024 Performance Period shall be paid to the Participant as a lump sum cash payment as soon as administratively practicable (but not more than 60 days) after the 2025 Scheduled Vesting Date.