Common use of Accrued Salary Clause in Contracts

Accrued Salary. The Company shall pay to Executive in a single cash lump sum, within ten (10) days following the date of termination, the sum of (1) all salary and commissions earned by Executive as of the date of termination but not yet paid and (2) Executive’s accrued bonuses and accrued vacation earned through the date of termination. In addition, the Company shall pay to Executive in cash within five (5) business days of the date of termination, reimbursement for any unpaid, valid business expenses that are approvable in accordance with Company policy.

Accrued Salary. The Company shall pay to Executive in a single cash lump sum, within ten (10) days following the date of termination, the sum of (1i) all salary and commissions earned by Executive as of the date of termination but not yet paid and (2ii) Executive’s accrued bonuses and accrued vacation earned through the date of termination. In addition, the Company shall pay to Executive in cash within five (5) business days of the date of termination, reimbursement for any unpaid, valid business expenses that are approvable in accordance with Company policy.