Common use of Termination and Payment of Salary Clause in Contracts

Termination and Payment of Salary. The parties acknowledge that Employee’s employment with Trex is terminated as of the date this Agreement is executed, thereby discontinuing any employer/employee relationship between Trex and Employee as of that date. This Release is being executed pursuant to Section 3(c)(7) of the Severance Agreement between Trex and the Employee dated July 27, 2011 (the “Severance Agreement”).

Appears in 2 contracts

Samples: Severance Agreement (Trex Co Inc), Severance Agreement (Trex Co Inc)

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Termination and Payment of Salary. The parties acknowledge that Employee’s employment with Trex is terminated as of the date this Agreement is executed, thereby discontinuing any employer/employee relationship between Trex and Employee as of that date. This Release is being executed pursuant to Section 3(c)(77(c)(7) of the Severance Amended and Restated Employment Agreement between Trex and the Employee dated July 27August 3, 2011 (the “Severance Employment Agreement”).

Appears in 2 contracts

Samples: Restatement of Employment Agreement (Trex Co Inc), And Restatement of Employment Agreement (Trex Co Inc)

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Termination and Payment of Salary. The parties acknowledge that Employee’s employment with Trex is terminated as of the date this Agreement is executedfirst set forth above, thereby discontinuing any employer/employee relationship between Trex and Employee as of that date. This Release is being executed pursuant Employee will be paid all salary and accrued vacation earned through that date, minus deductions required by law, on the next regularly scheduled pay date, paid by check mailed to Section 3(c)(7) of the Severance Agreement between Trex and the Employee dated July 27, 2011 (the “Severance Agreement”)Employee’s address listed above.

Appears in 1 contract

Samples: Release and Severance Agreement (Trex Co Inc)

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