Common use of Payments of Accrued Obligations upon all Terminations of Employment Clause in Contracts

Payments of Accrued Obligations upon all Terminations of Employment. Upon a termination of Executive’s employment for any reason, Executive (or Executive’s estate or legal representative, as applicable) shall be entitled to receive, on or before the date required by applicable law and in any case within thirty (30) days after Executive’s Date of Termination: (i) any portion of Executive’s Annual Base Salary earned through Executive’s Date of Termination not theretofore paid, (ii) any expenses owed to Executive under Section 3(d) above, (iii) any accrued but unused paid time-off owed to Executive, and (iv) any amount arising from Executive’s participation in, or benefits under, any employee benefit plans, programs, or arrangements under Section 3(c) above, which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans, programs, or arrangements (together, the “Accrued Obligations”). Except as otherwise set forth in Section 6(b) below, the Accrued Obligations shall be the only payments and benefits payable in the event of Executive’s termination of employment for any reason; provided that such amount may be reduced in lieu of Executive’s repayment obligation as described in Section 6(c) if applicable.

Appears in 5 contracts

Samples: Employment Agreement (Oncorus, Inc.), Employment Agreement (Oncorus, Inc.), Employment Agreement (Oncorus, Inc.)

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Payments of Accrued Obligations upon all Terminations of Employment. Upon a termination of Executive’s employment for any reason, Executive (or Executive’s estate or legal representative, as applicable) shall be entitled to receive, on or before the date required by applicable law and in any case within thirty (30) days after Executive’s Date of Termination: ): (i) any portion of Executive’s Annual Base Salary earned through Executive’s Date of Termination not theretofore paid, (ii) any expenses owed to Executive under Section 3(d) above, and (iii) any accrued but unused paid time-off owed to Executive, and (iv) any amount arising from Executive’s participation in, or benefits under, any employee benefit plans, programs, or arrangements under Section 3(c) above, which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans, programs, or arrangements (together, the “Accrued Obligations”)arrangements. Except as otherwise set forth in Section 6(b) below, the Accrued Obligations payments and benefits described in this Section 6(a) shall be the only payments and benefits payable in the event of Executive’s termination of employment for any reason; provided that such amount may be reduced in lieu of Executive’s repayment obligation as described in Section 6(c) if applicable.

Appears in 2 contracts

Samples: Employment Agreement (Oncorus, Inc.), Employment Agreement (Oncorus, Inc.)

Payments of Accrued Obligations upon all Terminations of Employment. Upon a termination of Executive’s employment for any reason, Executive (or Executive’s estate or legal representative, as applicable) shall be entitled to receive, on or before the date required by applicable law and in any case within thirty (30) 30 days after Executive’s Date of Termination: Termination (or such earlier date as may be required by applicable law): (i) any portion of Executive’s Annual Base Salary earned through Executive’s Date of Termination not theretofore paid, (ii) any expenses owed to Executive under Section 3(d) above3, (iii) any accrued but unused paid time-off owed to Executive, and (iv) any amount arising from Executive’s participation in, or benefits under, any employee benefit plans, programs, or arrangements under Section 3(c) above3, which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans, programs, or arrangements (together, the “Accrued Obligations”)arrangements. Except as otherwise set forth in Section Sections 6(b) belowand (c), the Accrued Obligations payments and benefits described in this Section 6(a) shall be the only payments and benefits payable in the event of Executive’s termination of employment for any reason; provided that such amount may be reduced in lieu of Executive’s repayment obligation as described in Section 6(c) if applicable.

Appears in 2 contracts

Samples: Employment Agreement (Paragon 28, Inc.), Employment Agreement (Mereo Biopharma Group PLC)

Payments of Accrued Obligations upon all Terminations of Employment. Upon a termination of Executive’s employment for any reason, Executive (or Executive’s estate or legal representative, as applicable) shall be entitled to receive, on or before the date required by applicable law and in any case within thirty (30) days after Executive’s Date of Termination: ): (i) any portion of Executive’s Annual Base Salary earned through Executive’s Date of Termination not theretofore paid, (ii) any expenses owed to Executive under Section 3(d) above, (iii) any accrued but unused paid time-off owed to Executive, (and (iv) any amount arising from Executive’s participation in, or benefits under, any employee benefit plans, programs, or arrangements under Section 3(c) above, which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans, programs, or arrangements (together, the “Accrued Obligations”)arrangements. Except as otherwise set forth in Section 6(b) below, the Accrued Obligations payments and benefits described in this Section 6(a) shall be the only payments and benefits payable in the event of Executive’s termination of employment for any reason; provided that such amount may be reduced in lieu of Executive’s repayment obligation as described in Section 6(c) if applicable.

Appears in 1 contract

Samples: Employment Agreement (Oncorus, Inc.)

Payments of Accrued Obligations upon all Terminations of Employment. Upon a termination of Executive’s employment for any reason, Executive (or Executive’s estate or legal representative, as applicable) shall be entitled to receive, on or before the date required by applicable law and in any case within thirty (30) 30 days after Executive’s Date of Termination: Termination (or such earlier date as may be required by applicable law): (i) any portion of Executive’s Annual Base Salary earned through Executive’s Date of Termination not theretofore paid, (ii) any expenses owed to Executive under Section 3(d) above3, (iii) any accrued but unused paid time-time- off owed to Executive, and (iv) any amount arising from Executive’s participation in, or benefits under, any employee benefit plans, programs, or arrangements under Section 3(c) above3, which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans, programs, or arrangements (together, the “Accrued Obligations”)arrangements. Except as otherwise set forth in Section Sections 6(b) belowand (c), the Accrued Obligations payments and benefits described in this Section 6(a) shall be the only payments and benefits payable in the event of Executive’s termination of employment for any reason; provided that such amount may be reduced in lieu of Executive’s repayment obligation as described in Section 6(c) if applicable.

Appears in 1 contract

Samples: Employment Agreement (Paragon 28, Inc.)

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Payments of Accrued Obligations upon all Terminations of Employment. Upon a termination of Executive’s 's employment for any reason, Executive (or Executive’s 's estate or legal representative, as applicable) shall be entitled to receive, on within 30 days after Executive's Date of Termination (or before the such earlier date as may be required by applicable law and in any case within thirty (30) days after Executive’s Date of Termination: law): (i) any portion of Executive’s 's Annual Base Salary earned through Executive’s 's Date of Termination not theretofore paid, ; (ii) any expenses owed to Executive under Section 3(d) above, 3; (iii) any accrued but unused paid time-time off owed to Executive, ; and (iv) any amount arising from Executive’s 's participation in, or benefits under, any employee benefit plans, programs, or arrangements under Section 3(c) above3, which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans, programs, or arrangements (together, the “Accrued Obligations”)arrangements. Except as otherwise set forth in Section Sections 6(b) belowand (c), the Accrued Obligations payments and benefits described in this Section 6(a) shall be the only payments and benefits payable in the event of Executive’s 's termination of employment for any reason; provided that such amount may be reduced in lieu of Executive’s repayment obligation as described in Section 6(c) if applicable.

Appears in 1 contract

Samples: Employment Agreement (Seelos Therapeutics, Inc.)

Payments of Accrued Obligations upon all Terminations of Employment. Upon a termination of Executive’s employment for any reason, Executive (or Executive’s estate or legal representative, as applicable) shall be entitled to receive, on or before the date required by applicable law and in any case within thirty (30) 30 days after Executive’s Date of Termination: Termination (or such earlier date as may be required by applicable law): (i) any portion of Executive’s Annual Base Salary earned through Executive’s Date of Termination not theretofore paid, ; (ii) any expenses owed to Executive under Section 3(d) above, 3; (iii) any accrued but unused paid time-time off owed to Executive, ; and (iv) any amount arising from Executive’s participation in, or benefits under, any employee benefit plans, programs, or arrangements under Section 3(c) above3, which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans, programs, or arrangements (together, the “Accrued Obligations”)arrangements. Except as otherwise set forth in Section Sections 6(b) belowand (c), the Accrued Obligations payments and benefits described in this Section 6(a) shall be the only payments and benefits payable in the event of Executive’s termination of employment for any reason; provided that such amount may be reduced in lieu of Executive’s repayment obligation as described in Section 6(c) if applicable.

Appears in 1 contract

Samples: Employment Agreement (Seelos Therapeutics, Inc.)

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