Accrued Payments and Benefits. Upon the termination of Employee’s employment with the Company for any reason, the Company shall pay to Employee all amounts and benefits that have accrued or were earned but remain unpaid through the Termination Date in respect of salary and unreimbursed expenses, including accrued and unused vacation.
Accrued Payments and Benefits. On the Termination Date or upon the termination of the employment of Employee for any reason prior to the Termination Date (such date of termination prior to the Termination Date, the “Separation Date”), the Company shall pay to Employee all amounts and benefits that have accrued or were earned but remain unpaid through the date of termination in respect of salary and unreimbursed expenses, including any accrued vacation (the “Accrued Benefits”). Employee’s health insurance benefits will cease on the Termination Date or Separation Date, as applicable, subject to Employee’s eligibility and timely election to continue group health coverage under COBRA. Employee’s participation in all other employee benefits plans will cease on the Termination Date or Separation Date, as applicable, and Employee will cease accruing employee benefits, including, but not limited to, paid time off, as of such Termination Date or Separation Date. Except as otherwise set forth herein, Employee shall have the period of time following the Termination Date or Separation Date, as applicable, specified in the governing written stock option agreement to exercise any Company Options that are then vested and outstanding. Any Company Options that remain unvested as of the Termination Date or Separation Date, as applicable, shall expire effective as of such Termination Date or Separation Date.
Accrued Payments and Benefits. Upon the termination of employment of Employee for any reason, the Company shall pay to Employee all amounts and benefits that have accrued or were earned but remain unpaid through the date of termination in respect of salary and unreimbursed expenses, including any accrued vacation (the “Accrued Benefits”). Employee’s health insurance benefits will cease on the date of termination, subject to Employee’s eligibility and timely election to continue group health coverage under COBRA. Employee’s participation in all other employee benefits plans will cease on the date of termination, and Employee will cease accruing employee benefits, including, but not limited to, paid time off, as of the date of termination. Except as otherwise set forth herein, Employee shall have the period of time following the date of termination specified in the governing written stock option agreement to exercise any Company Options that are then vested and outstanding. Any Company Options that remain unvested as of the date of termination shall expire effective as of the date of termination.
Accrued Payments and Benefits. The Company shall pay and provide the Executive with his accrued base salary (in accordance with the Company’s normal payroll schedule) and employee benefits through the Transition Date, with such benefits (including any payout of accrued and unused vacation) to be provided in accordance with the terms of the applicable Company plan or arrangement.
Accrued Payments and Benefits a. In consideration for the Executive’s agreements stated in this Agreement, the Bank shall pay the Executive his base salary through January 15, 2023 (the “Accrued Salary”), less all required withholdings, including federal and state withholding taxes and other deductions the Bank is required by law to make the Executive’s base salary. The Accrued Salary shall be paid on the first regular payroll date of the Bank after the Execution Date.
Accrued Payments and Benefits. The Company shall pay and provide the Executive with his accrued base salary (in accordance with the Company’s normal payroll schedule) and employee benefits through the Transition Date (including earned but unused vacation days), with such benefits to be provided in accordance with the terms of the applicable Company plan or arrangement. On the date hereof, the Executive shall return his Company-issued credit card to the Company. The Executive has no unreimbursed business expenses from the Company as of the date hereof and shall obtain pre-approval before incurring any such expenses following the date hereof.
Accrued Payments and Benefits. Regardless of whether the Executive signs this Agreement, the Executive will be provided with:
Accrued Payments and Benefits. On the next regular payroll date following the Separation Date, the Company will pay the Executive all of the Executive’s earned wages and accrued but unused vacation through the Separation Date. Following the Separation Date, the Company shall pay the Executive any vested benefits credited to his account or otherwise standing to his benefit under the employee benefit plans of the Company Group in which he participates, in accordance with the applicable provisions thereof; provided that, for the avoidance of doubt, the payment and benefits set forth in Section 2 of this Agreement are in lieu of, and not in addition to, any severance or termination benefits payable under the Letter Agreement or any plan or arrangement sponsored or agreed to by any member of the Company Group.
Accrued Payments and Benefits
