Example ContractsClausesAccrued Rights and Obligations
Accrued Rights and Obligations
Accrued Rights and Obligations contract clause examples

Accrued Rights; Surviving Obligations. Termination or expiration of this Agreement for any reason shall be without prejudice to any rights that shall have accrued to the benefit of a Party prior to such termination or expiration. Such termination or expiration shall not relieve a Party from obligations that are expressly indicated to survive the termination or expiration of this Agreement. Without limiting the foregoing, the following Sections and Articles shall survive any such termination or expiration: [Section 2.5.1] (last sentence); [Section 2.8.1] (Transfer) (last two sentences only); [Section 2.8.2] (License; Ownership); [Section 5.1.4] (​); [Section 5.2.2] (ETB Platform Licenses); [Section 6.2.2] (last sentence); [Sections 7.2 through 7.9] and [Section 7.12] (to the extent applicable to unsatisfied payment obligations that accrued prior to termination or expiration); [Section 7.10] (Records; Audits); [Section 7.11] (Confidentiality); Section 8.1 (Ownership of Intellectual Property); [Section 8.2] (Prosecution and Maintenance of Patents) (solely to the extent applicable to ​, Product-Platform Patents and ​); [Section 8.3] (Enforcement of Patents) ​ [Section 8.5] (Invalidity or Unenforceability Defenses or Actions) ​; [Section 8.8] (Recording); [Section 9.4] (Disclaimer); [Section 11.6] (Effects of Termination); [Section 11.7] (Remedies); [Section 11.8] (Accrued Rights; Surviving Obligations); [Section 13.1] (Assignment); [Section 12.5.1] (last sentence); [Section 13.3] (Force Majeure) (to the extent applicable to other surviving provisions); [Section 13.5] (Governing Law); [Section 13.6] (Dispute Resolution); [Section 13.7] (Notices); [Section 13.8] (Entire Agreement; Amendments); [Section 13.10] (Waiver and Non-Exclusion of Remedies); [Section 13.12] (Independent Contractors); [Section 13.13] (Interpretation) (to the extent applicable to other surviving provisions); [Section 13.14] (No Third Party Rights or Obligations); ARTICLE 1 (Definitions) (to the extent applicable to other surviving provisions); ARTICLE 10 (Indemnification, Insurance, Limitations); and ARTICLE 12 (Confidentiality) (excluding [Section 12.5] (Publications)).

Accrued Rights and Obligations. Expiration or termination of this Agreement for any reason will not release either Party from any obligation or liability which, at the time of such expiration or termination, has already accrued to the other Party or which is attributable to a period prior to such expiration or termination.

Accrued Obligations. The Corporation shall pay the Executive, in cash, in a lump sum, on the thirtieth (30th) day following the Date of Termination (the “Payment Date”), the sum of # the Executive’s full base salary through the Date of Termination at the rate in effect at the time the Notice of Termination is given (disregarding any reduction thereto that constitutes Good Reason), # all accrued but unused vacation determined as of the Date of Termination, determined based upon the Executive’s Severance Salary Rate (as defined below) and the Corporation’s vacation policy in effect on the Date of Termination (or, if more favorable to the Executive, the vacation policy in effect as of immediately prior to the Effective Date), # the Executive’s annual bonus for the fiscal year immediately preceding the fiscal year in which the Date of Termination occurs, if such bonus has been determined but not paid as of the Date of Termination, and # the Executive’s business expenses that are reimbursable pursuant to the applicable policy of the Corporation as in effect on the Date of Termination but have not been reimbursed by the Corporation as of the Date of Termination.

ACCRUED OBLIGATIONS. Upon the Executive’s resignation as an officer of the Company on the Resignation Date, the Company shall provide to the Executive the Accrued Obligations (as defined in the Executive Severance and Change of Control Plan).

Accrued Obligations. No later than August 1, 2021, the Company will pay to Executive a lump sum amount equal to Executive’s accrued and unused vacation as of June 30, 2021, less applicable tax withholdings and any then incurred expenses that have not then been reimbursed in accordance with Company policy. Executive shall also be entitled to his accrued vested benefits under the Company’s compensation and benefits plans, including, without limitation, his accrued vested benefits pursuant to the Company’s supplemental employee retirement plan, payable in accordance with the terms of such plans and in compliance with section 409A of the Internal Revenue Code of 1986, as amended.

Accrued Obligations. Expiration or termination of this Agreement for any reason shall not release either Party from any obligation or liability which, at the time of such expiration or termination, has already accrued to the other Party or which is attributable to a period prior to such expiration or termination. If applicable, upon termination of this Agreement, the Parties shall remain responsible pursuant to the terms of this Agreement for any expenses that are associated with terminating any ongoing Clinical Trial work or resulting from such ongoing activities under this Agreement solely to the extent such activities are deemed reasonably necessary by the JDC based on reasonable medical judgment to protect the health of subjects participating in any Collaboration Study or Independent Study.

Accrued Obligations. The Company shall pay to the Executive the Accrued Obligations through the date of termination.

Accrued Rights. Termination or expiration of this Agreement for any reason shall be without prejudice to any rights that shall have accrued to the benefit of a Party prior to such termination or expiration, including, without limitation, Eversana’ rights to any amounts owed by Evoke hereunder and pursuant to the Loan Agreement. Such termination or expiration shall not relieve a Party from obligations that are expressly indicated to survive the termination or expiration of this Agreement. If payments attributable to Services performed before the termination or expiration remain unpaid upon the termination or expiration of the Agreement, including but not limited to reimbursement of Commercialization Costs (if applicable) and Profit Split, Evoke shall make such payments promptly after the termination or expiration of this Agreement.

Accrued Rights. The termination or expiration of this Agreement shall not effect or prejudice either Party’s accrued rights hereunder.

Accrued Rights. On the Separation Date, Employee shall receive a payment of a payment of $ representing Employee’s Base Salary earned through the Separation Date but not theretofore paid, any accrued and unused PTO (if applicable), reimbursement for any unreimbursed business expenses incurred through the date of termination; and any amount arising from Employee’s participation in, or benefits under, any employee welfare benefit and retirement plans, programs or arrangements (including without limitation, any disability or life insurance benefit plans, programs or arrangements), which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans, programs or arrangements (collectively, the “Accrued Rights”). By signing below, you acknowledge that the Company does not owe you any other amounts other than as set forth in Section 2 and Section 3(a)(i) of this Agreement.

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