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Accrued Amounts
Accrued Amounts contract clause examples

Accrued Obligations. A lump sum amount equal to the Executive's unpaid Base Salary (as such term is defined in the Executive Severance and CIC Agreement), accrued vacation pay (if any), unreimbursed business expenses, and all other items earned by and owed to the Executive through and including the Termination Date, to be paid no later than ten (10) business days following the completion of the Revocation Periods described in Article 14.

For purposes of this Agreement, "Accrued Obligations" means: # Executive's earned and unpaid Base Salary through the Termination Date; # reimbursement for any reimbursable business expenses incurred by Executive through the Termination Date in accordance with Section 4.05; and # Executive's accrued but unused vacation time as of the Termination Date. The amounts payable pursuant to [clauses (i) and (iii) hereof] shall be paid no later than sixty (60) days following Executive's Termination Date.

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