Common use of Payment of Accrued Obligations Clause in Contracts

Payment of Accrued Obligations. Upon termination of Executive’s employment hereunder for any reason and by any means, Executive shall be entitled to, and shall be paid, any annual base salary that is accrued and unpaid as of the date of such termination, which shall be paid on the next regularly scheduled pay day for the payment of Executive’s annual base salary, and any expense reimbursement payable in accordance with paragraph 3.4(i) for reimbursable expenses incurred by Executive prior to the date of such termination, which shall be paid at the time and in the manner provided by Company’s reimbursement policy and in accordance with this Agreement. Other than the foregoing amounts and any Severance Pay pursuant to paragraph 4.3, all compensation and benefits to Executive hereunder shall terminate contemporaneously with the termination of Executive’s employment. Any other benefits to which Executive shall be entitled shall be governed by the plan, policy or agreement providing for such benefits and applicable law.

Payment of Accrued Obligations. Upon termination of Executive’s employment hereunder for any reason and by any means, Executive shall be entitled to, and shall be paid, any annual base salary that is accrued and unpaid as of the date of such termination, which shall be paid on the next regularly scheduled pay day for the payment of Executive’s annual base salary, and any expense reimbursement payable in accordance with paragraph 3.4(i) for reimbursable expenses incurred by Executive prior to the date of such termination, which shall be paid at the time and in the manner provided by Company’s reimbursement policy and in accordance with this Agreement. Other than the foregoing amounts and any Severance Pay Payment pursuant to paragraph 4.3, all compensation and benefits to Executive hereunder shall terminate contemporaneously with the termination of Executive’s employment. Any other benefits to which Executive shall be entitled shall be governed by the plan, policy or agreement providing for such benefits and applicable law.