Example ContractsClausesaccrued rights and obligationsVariants
Accrued Rights and Obligations
Accrued Rights and Obligations contract clause examples

Accrued Obligations. The Accrued Obligations are the sum of: # the Executive’s Annual Base Salary through the Date of Termination at the rate in effect just prior to the time a Notice of Termination is given; # the amount, if any, of any incentive or bonus compensation theretofore earned which has not yet been paid; # the product of the Annual Bonus paid or payable, including by reason of deferral, for the most recently completed year and a fraction, the numerator of which is the number of days in the current year through the Date of Termination and the denominator of which is 365; and # any benefits or awards (including both the cash and stock components) which pursuant to the terms of any plans, policies or programs have been earned or become payable, but which have not yet been paid to the Executive (but not including amounts that previously had been deferred at the Executive’s request, which amounts will be paid in accordance with the Executive’s existing directions). The Accrued Obligations will be paid to the Executive in a lump sum cash payment within ten (10) days after the Date of Termination;

Accrued Obligations” shall mean the sum of (a) any earned but unpaid Annual Base Salary through the Date of Termination, (b) any of the Executive’s business expenses that are reimbursable, but have not been reimbursed as of the Date of Termination, and (c) any accrued paid time off and/or vacation pay, in each case, to the extent not theretofore paid.

Accrued Obligations” means # any unpaid base salary through the Date of Termination, payable within 30 days following the Date of Termination, or on such earlier date as may be required by applicable law; # any Annual Bonus for a prior year earned but unpaid, payable at the time such bonuses would have been paid if Executive was still employed with the Company; # reimbursement for any unreimbursed business expenses incurred through the Date of Termination, payable in accordance with the Company’s policy; and # all vested benefits under the Company’s retirement, health and welfare and equity-based employee benefit plans to which Executive is entitled, payable in accordance with the terms of such plan or program.

Accrued Obligations” means # any accrued and unpaid Base Salary of Executive through the date of termination of employment, payable pursuant to the Company’s standard payroll policies, # any earned and unpaid bonus of Executive under the Annual Bonus Plan for any completed fiscal year prior to the date of termination of employment, # any compensation and benefits to the extent payable to Executive based on Executive’s participation in any compensation or benefit plan, program or arrangement of the Company through the date of termination of employment, payable in accordance with the terms of such

Accrued Obligations” means # any accrued and unpaid Base Salary of Executive through the date of termination of employment, payable pursuant to the Company’s standard payroll policies, # any earned and unpaid bonus of Executive under the Annual Bonus Plan for any completed fiscal year prior to the date of termination of employment, # any compensation and benefits to the extent payable to Executive based on Executive’s participation in any compensation or benefit plan, program or arrangement of the Company through the date of termination of employment, payable in accordance with the terms of such plan, program or arrangement, and # any expense reimbursement to which Executive is entitled under the Company’s standard expense reimbursement policy (as applicable) and [Sections 3(e) and 10] hereof.

Accrued Obligations” shall mean # all accrued but unpaid Base Salary and unused vacation through the date of termination of Executive’s employment, # any accrued but unpaid Annual Bonus that is required to be paid in accordance with the terms of the Annual Bonus Plan in respect of any prior fiscal year, # any benefits provided under the Company’s employee benefit plans or any incentive plans upon a termination of employment, including rights with respect to Company equity (or equity derivatives), in accordance with the terms contained therein and # reimbursement for unreimbursed business expenses incurred by Executive. The amounts provided under clauses (i), (ii) and (iv) shall be paid to Executive within fourteen (14) business days following the Executive’s Date of Termination.

"Accrued Obligations" shall mean, as of the Date of Termination, the sum of # the Executive's base salary under Paragraph 3(a) through the Date of Termination to the extent not theretofore paid, # the amount of any bonus, incentive compensation, deferred compensation and other cash compensation accrued by the Executive as of the Date of Termination to the extent not theretofore paid and # any unused vacation, expense reimbursements (regardless of whether a claim for such has yet been filed) and other cash entitlements due the Executive as of the Date of Termination. For the purpose of this Paragraph 8(a), dollar amounts shall be deemed to accrue ratably over the period during which they are earned, but no discretionary compensation shall be deemed earned or accrued unless it has been specifically approved by the Board in accordance with the applicable plan, program or policy.

"Accrued Obligations" means # any portion of Executive's annual base salary or incentive compensation earned through Executive's termination date not theretofore paid, # any unreimbursed business expenses which are eligible for reimbursement in accordance with the Company's policies, # any accrued but unused vacation pay or paid time off owed to Executive, and # any amount arising from Executive's participation in, or benefits under, any employee 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. Accrued Obligations also includes any rights to indemnification Executive many have under the Company's Certificate of Incorporation, Bylaws, or separate indemnification agreement, as applicable, and as each may be amended from time to time.

to the extent not theretofore paid, the sum of # the Executive’s Annual Base Salary earned through the Date of Termination, # the Bonus for the fiscal year ending immediately prior to the Date of Termination, # compensation previously deferred by the Executive (together with any accrued interest or earnings thereon), and # any accrued and unused vacation pay through the Date of Termination (the “Accrued Obligations”), which sum shall be paid within 15 days following the Date of Termination; and

Accrued Obligations” means # any portion of Executive’s annual base salary or incentive compensation earned through Executive’s termination date not theretofore paid, # any unreimbursed business expenses which are eligible for reimbursement in accordance with the Company’s policies, # any accrued but unused vacation pay or paid time off owed to Executive, and # any amount arising from Executive’s participation in, or benefits under, any employee 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. Accrued Obligations also includes any rights to indemnification Executive many have under the Company’s Certificate of Incorporation, Bylaws, or separate indemnification agreement, as applicable, and as each may be amended from time to time.

Accrued Obligations” shall mean # all accrued but unpaid Base Salary through the date of termination of Executive’s employment, # any unpaid or unreimbursed expenses incurred in accordance with the Company’s policy, and # any benefits provided under the Company’s employee benefit plans upon a termination of employment, in accordance with the terms contained therein.

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