Payment of Accrued Salary. On March 1, 2005, or at such earlier time as the Company's assets shall exceed $500,000, whether from operations or investment, Employee shall be entitled to payment of all salaries accrued in accordance with subparagraph d above; provided, however, that the payment of accrued salary may be further deferred if the Company's board of directors determines that such deferral is in the Company's best interest. All other terms and provisions of the Employment Agreement and Amendment no. 1 dated December 20, 2003, remain unchanged and in full force and effect.
Payment of Accrued Salary. At any time during the Exercise Period and provided the Company has received third party investment (in the form of debt or equity) totaling a minimum of $1.5 million, Xxxxxxxx shall have the right to terminate this Agreement by providing notice thereof to the Company, and the Company shall thereafter immediately pay Xxxxxxxx the balance of the Accrued Salary.
Payment of Accrued Salary. Upon receipt of additional capital of no less than Three Million Dollars ($3,000,000), the Company shall pay Key Employee its accrued but unpaid salary less advances to Key Employee in the net amount of approximately One Hundred Fifty-one Thousand Five Hundred Seventy-nine and no/100 Dollars ($151,579) on such terms as are mutually agreed between the Company and the Key Employee which payments may be made in two payments over a two-year period.
Payment of Accrued Salary. Upon the Closing, NVH will pay to Xxxxx three months of salary due under his employment agreement as it was in effect as of October 1999, subject to standard and customary withholding for federal and state payroll based taxes.
Payment of Accrued Salary. You and Mobilepro will settle your back salary claims as follows: (a) A cash payment of $132,000, subject to appropriate deductions for federal and state withholding and other applicable taxes, payable upon signing this Agreement and (b) elimination of the amounts you owe for purchase of Mobilepro shares of common stock.
Payment of Accrued Salary. At any time during the Exercise Period and provided the Company has received third party investment (in the form of debt or equity) totaling a minimum of $1.5 million, Bentley shall have the right to terminate this Agreement by providing notice thereof to the Company, and the Company shall thereafter immediately pay Bentley the balance of the Accrued Salary.
Payment of Accrued Salary. On the earlier of June 30, 2009 or completion of an equity financing for Solar Thin in excess of $3.0 million, the Company will pay to you in one payment all accrued and unpaid salary that is owed under the Xxxxx Employment Agreement for all periods through and including the date of payment of such accrued and unpaid salary. Failure to pay such amount will constitute a breach and will be considered Good Cause for Resignation subject to provisions of the current employment agreement.
Payment of Accrued Salary. This Agreement to Defer Payment of Accrued Salary (the “Payment Agreement”) is entered into by and between Xxxxxxx X. Xxxxxx XX (“Xxxxxx”), and ProUroCare Medical Inc. (“PUC”).
Payment of Accrued Salary. Upon closing of a financing of $2 million or more, the Company shall pay to Executive his accrued 2012 salary of $10,000.
Payment of Accrued Salary. The Board may terminate --------------------------------------- Executive's employment with the Company at any time for cause, immediately upon notice to Executive of the circumstances leading to such termination for cause. In the event that Executive's employment is terminated for cause, Executive shall receive payment for all accrued salary through the Termination Date, which in this event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay severance of any kind nor make any payment in lieu of notice.
