Common use of Value of Accrued and Unused PTO Clause in Contracts

Value of Accrued and Unused PTO. The Company will pay to Executive the value of Executive’s accrued and unused PTO as of the Termination Date (based on Executive’s base salary as of the Termination Date), less applicable withholdings, payable in a lump sum on the Company’s first payroll date occurring more than sixty (60) days after the Termination Date.

Appears in 4 contracts

Samples: Transition Agreement (Tactile Systems Technology Inc), Employment Agreement (Tactile Systems Technology Inc), Employment Agreement (Tactile Systems Technology Inc)

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