Common use of Payment of Salary and Expenses Clause in Contracts

Payment of Salary and Expenses. On your Termination Date, the Company will pay to you all accrued and unpaid salary and any accrued but unused paid time off as of the Termination Date (collectively, the “Accrued Obligations”). In the event that you have a negative paid time off balance, you agree that such amount will be deducted from the Company’s payment to you of your Accrued Obligations. By signing below, you acknowledge and represent that, upon receiving the Accrued Obligations, you will have received all salary, wages, bonuses, accrued vacation and paid time off, and all other benefits and compensation due to you through the Termination Date. You agree that, within ten (10) days after the Termination Date, you will submit your final documented expense reimbursement statement reflecting all business expenses you incurred through the Termination Date, if any, for which you seek reimbursement. The Company will reimburse you for these expenses pursuant to its regular business practice.

Appears in 3 contracts

Samples: Separation and General Release Agreement (Nektar Therapeutics), Separation and General Release Agreement (Nektar Therapeutics), Separation and General Release Agreement (Nektar Therapeutics)

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Payment of Salary and Expenses. On your Termination Separation Date, the Company will pay to you all accrued and unpaid salary and any accrued but unused paid time off as of the Termination Separation Date (collectively, the “Accrued Obligations”). In the event that you have a negative paid time off balance, you agree that such amount will be deducted from the Company’s payment to you of your Accrued Obligations. By signing below, you acknowledge and represent that, upon receiving the Accrued Obligations, you will have received all salary, wages, bonuses, accrued vacation and paid time off, and all other benefits and compensation due to you through the Termination Separation Date. You agree that, within ten (10) days after the Termination Separation Date, you will submit your final documented expense reimbursement statement reflecting all business expenses you incurred through the Termination Separation Date, if any, for which you seek reimbursement. The Company will reimburse you for these expenses pursuant to its regular business practice.

Appears in 1 contract

Samples: Bonus and General Release Agreement (Nektar Therapeutics)

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Payment of Salary and Expenses. On your Termination Date, the Company will pay to you all accrued and unpaid salary and any accrued but unused paid time off as of the Termination Date (collectively, the "Accrued Obligations"). In the event that you have a negative paid time off balance, you agree that such amount will be deducted from the Company’s 's payment to you of your Accrued Obligations. By signing below, you acknowledge and represent that, upon receiving the Accrued Obligations, you will have received all salary, wages, bonuses, accrued vacation and paid time off, and all other benefits and compensation due to you through the Termination Date. You agree that, within ten (10) days after the Termination Date, you will submit your final documented expense reimbursement statement reflecting all business expenses you incurred through the Termination Date, if any, for which you seek reimbursement. The Company will reimburse you for these expenses pursuant to its regular business practice.

Appears in 1 contract

Samples: Separation and General Release Agreement (Nektar Therapeutics)

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