Common use of Payment of Accrued Obligations Clause in Contracts

Payment of Accrued Obligations. Upon termination of Executive’s employment with the Company for any reason, the Company shall pay Executive (or his estate, in the event of his death) Executive’s Base Salary earned through the date of termination, any annual bonus earned by Executive with respect to any prior calendar year which has not been paid as of the date of termination and any vacation pay earned by Executive which has not been paid as of the date of termination and shall pay any accrued benefits under any Company benefit plan pursuant to the terms of such plan.

Payment of Accrued Obligations. Upon termination of Executive’s employment with the Company for any reason, the Company shall pay Executive (or his estate, in the event of his death) Executive’s Base Salary earned through the date Date of termination, any annual bonus earned by Executive with respect to any prior calendar year which has not been paid as of the date of termination Termination and any vacation pay earned by Executive which has not been paid as of the date Date of termination Termination and shall pay any accrued benefits under any Company benefit plan pursuant to the terms of such plan.