Common use of Payments to Employee Clause in Contracts

Payments to Employee. Employee acknowledges that on or before the Effective Date, the Company paid Employee all wages due and owing through the Separation Date. [The Company will pay to Employee a severance payment in the amount of $_________, less all authorized deductions and withholdings for applicable federal, state and local taxes. Such severance shall be paid on _________. No other amounts except those specified in this Section 3 will be paid to Employee.]

Payments to Employee. Employee acknowledges that on or before the Effective Date, the Company paid Employee all wages due and owing through the Separation Date. [The Company will pay to Employee a severance payment in the amount of $_________[describe severance payment(s)], less all authorized deductions and withholdings for applicable federal, state and local taxes. Such severance shall be paid on _________. .] No other amounts except those specified in this Section 3 will be paid to Employee.]