Common use of Salary and Expenses Clause in Contracts

Salary and Expenses. Employee agrees that, upon payment by ChannelAdvisor of: 1) Employee salary through to be paid on , 2) any applicable quarter 20 commissions (or variable compensation) to be paid on , 3) INSERT ANY OTHER COMP DUE UP TO SEPARATION DATE then Employee has received from ChannelAdvisor all salary [and commissions (or variable compensation)] due to Employee, and that no further amount shall be due related to salary compensation. Employee further agrees that Employee will be paid, by , for all accrued and unused vacation time due to Employee in accordance with ChannelAdvisor policies and for all expenses. Employee will receive these payments regardless of whether or not Employee signs this Agreement.

Appears in 4 contracts

Samples: Executive Severance and Change of Control Agreement (Channeladvisor Corp), Executive Severance and Change of Control Agreement (Channeladvisor Corp), Executive Severance and Change of Control Agreement (Channeladvisor Corp)

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Salary and Expenses. Employee agrees that, upon payment by ChannelAdvisor of: (1) Employee salary through to be paid on , (2) any applicable quarter 20 commissions (or variable compensation) to be paid on , (3) INSERT ANY OTHER COMP DUE UP TO SEPARATION DATE then Employee has received from ChannelAdvisor all salary [and commissions (or variable compensation)] due to Employee, and that no further amount shall be due related to salary compensation. Employee further agrees that Employee will be paid, by , for all accrued and unused vacation time due to Employee in accordance with ChannelAdvisor policies and for all expenses. Employee will receive these payments regardless of whether or not Employee signs this Agreement.

Appears in 2 contracts

Samples: Executive Severance and Change of Control Agreement (Channeladvisor Corp), Executive Severance and Change of Control Agreement (Channeladvisor Corp)

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