Receipt of All Wages. Employee shall, on or as promptly as practicable following the Separation Date, also be paid all earned and unpaid base wages, performance bonus, and any accrued but unused vacation/PTO if any, through the Separation Date (“Accrued Benefits”). Employee understands that Employee is entitled to Employee’s Accrued Benefits regardless of whether Employee signs this Agreement. Except for the discretionary 2020 performance bonus of up to $200,000 to be paid to Employee based on the Company’s and Employee’s achievement of performance milestones for 2020, with the final amount and timing of such 2020 performance bonus payment to be determined by the Company’s Board of Directors (the “2020 Performance Bonus Payment”), Employee affirms and warrants that Employee has reported all hours worked and appropriately received all compensation, wages, overtime pay (if applicable), expense reimbursements, bonuses, commissions, incentive compensation, vacation pay/PTO, sick pay, meal and rest breaks, benefits and other payments to which Employee was entitled (hereinafter “Monies”), including, but not limited to, those under the Fair Labor Standards Act and any other federal, state, or local wage and hour law, regulation or ordinance. Except for the Separation Package, Accrued Benefits and 2020 Performance Bonus Payment set forth herein in Sections 2 and 3, Employee expressly acknowledges and agrees that the Company does not now owe and will not in the future owe Employee any additional Monies of any kind whatsoever. Employee further affirms and warrants that Employee has appropriately received any leave (paid and unpaid) to which Employee was entitled, including, but not limited to, leave under the Family and Medical Leave Act and any other federal, state, or local leave or disability accommodation law, regulation or ordinance. Employee further acknowledges and agrees that Employee shall not be entitled to and shall not seek any other benefits or Monies from the Company following the Separation Date.
Receipt of All Wages. Xx. Xxxxx acknowledges and agrees that he has previously been paid in full for all wages, commissions, bonuses and other compensation of any kind due or owed to him for any services he rendered as an employee of PCB, and that there are no further wages, commissions, bonuses and other compensation due or owed to him by PCB. Xx. Xxxxx further acknowledges and agrees his receipt of any wages, commissions, bonuses and other compensation due or owed to him for services he rendered as an employee of PCB has not been conditioned upon his execution of this Agreement.
