Examples of Accrued Base Salary in a sentence
If the Company terminates the Executive’s employment for Cause (as defined below), the Executive shall be entitled under this Agreement only to payment of his Accrued Base Salary, which amount shall be paid in a lump sum in cash within thirty (30) days of the Termination Date.
Notwithstanding the foregoing, the Executive shall be entitled to receive any Accrued Base Salary and Accrued Bonus.
In such case, Accrued Base Salary and Vacation Pay shall be paid to the Executive in a lump sum in cash within 30 days of the Date of Termination.
Notwithstanding any provisions of this Agreement to the contrary, the Company’s obligations to make payments under Sections 6.3, 6.4 and 6.5, other than the obligation to pay Accrued Base Salary and Accrued Annual Bonus (the “Termination Payments”), are expressly conditioned upon the Executive’s execution of a release and waiver substantially in the form attached hereto as Exhibit B (the “Release”), and the expiration of the revocation period.
If the Company terminates Executive’s employment for Cause (whether before or after a Change of Control) or Executive terminates his employment other than for Good Reason, death or Disability, or Executive Termination, the Company shall pay to Executive immediately after the Date of Termination an amount equal to the sum of Executive’s Accrued Base Salary and Accrued Annual Bonus and Executive shall not be entitled to receive any severance payment.