Common use of Receipt of Accrued Amounts Clause in Contracts

Receipt of Accrued Amounts. All of Employee’s rights and benefits provided for in this Agreement shall terminate as of the Termination Date; provided, however, that Employee or Employee’s estate, as applicable, will receive (i) any portion of the Base Salary and any vacation or paid time off, as applicable, that has been earned, but remains unpaid, in each case, as of the Termination Date, which shall be paid as required by applicable law, on or soon after the Termination Date, and (ii) reimbursement for any expenses properly incurred and submitted for reimbursement by Employee, in each case, in accordance with Section 2.2 and Company policy, which remain unpaid as of the Termination Date (the sum of the amounts in clauses (i)-(ii), the “Accrued Amounts”).

Appears in 5 contracts

Samples: Executive Employment Agreement (Flowco Holdings Inc.), Executive Employment Agreement (Flowco Holdings Inc.), Executive Employment Agreement (Flowco Holdings Inc.)

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Receipt of Accrued Amounts. All of Employee’s rights and benefits provided for in this Agreement shall terminate as of the Termination Date; provided, however, that Employee or Employee’s estate, as applicable, will receive (i) any portion of the Base Salary and any vacation or paid time off, as applicable, that has been earned, but remains unpaid, in each case, as of the Termination Date, which shall be paid as required by applicable law, on or soon after the Termination Date, and (ii) reimbursement for any expenses properly incurred and submitted for reimbursement by Employee, in each case, in accordance with Section 2.2 2.3 and Company policy, which remain unpaid as of the Termination Date (the sum of the amounts in clauses (i)-(ii), the “Accrued Amounts”).

Appears in 2 contracts

Samples: Executive Employment Agreement (Flowco Holdings Inc.), Executive Employment Agreement (Flowco Holdings Inc.)

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