Common use of Payment of Accrued Compensation at Termination Clause in Contracts

Payment of Accrued Compensation at Termination. Notwithstanding anything to the contrary, any accrued compensation payable to Employee, including any severance benefits, payable to Employee at the time of his termination, may be allocated at the option of Employee to the purchase of shares in the Company under employee stock options granted under Subsection 9.C, to the extent permitted by law and in accordance with the Company's Stock Option Plan.

Payment of Accrued Compensation at Termination. Notwithstanding anything to the contrary, any accrued compensation payable to Employee., including any severance benefits, payable to Employee at the time of his termination, may be allocated at the option of Employee to the purchase of shares in the Company under employee stock options granted under Subsection 9.C, to the extent permitted by law and in accordance with the Company's Stock Option Plan.