Common use of Accrued Wages and Vacation; Expenses Clause in Contracts

Accrued Wages and Vacation; Expenses. Without regard to the reason for, or the timing of, termination of the Employee’s employment: (i) the Company shall pay the Employee (or his estate) any unpaid base salary due for periods prior to the Termination Date; (ii) the Company shall pay the Employee (or his estate) all of the Employee's accrued and unused vacation through the Termination Date; and (iii) following submission of proper expense reports by the Employee (or his estate), the Company shall reimburse the Employee (or his estate) for all expenses reasonably and necessarily incurred by the Employee in connection with the business of the Company prior to the Termination Date. These payments shall be made promptly upon termination and within the period of time mandated by law.

Appears in 2 contracts

Samples: Employment Agreement (Nstor Technologies Inc), Employment Agreement (Nstor Technologies Inc)

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Accrued Wages and Vacation; Expenses. Without regard to the reason for, or the timing of, termination of the Employee’s employment: (i) the Company shall pay the Employee (or his her estate) any unpaid base salary due for periods prior to the Termination Date; (ii) the Company shall pay the Employee (or his her estate) all of the Employee's accrued and unused vacation through the Termination Date; and (iii) following submission of proper expense reports by the Employee (or his her estate), the Company shall reimburse the Employee (or his her estate) for all expenses reasonably and necessarily incurred by the Employee in connection with the business of the Company prior to the Termination Date. These payments shall be made promptly upon termination and within the period of time mandated by law.

Appears in 1 contract

Samples: Employment Agreement (Nstor Technologies Inc)

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Accrued Wages and Vacation; Expenses. Without regard to the reason for, or the timing of, Employee’s termination of the Employee’s employment: (i) the Company shall pay the Employee (or his estate) any unpaid base salary due for periods prior to the Termination Datedate of termination and any earned but unpaid bonuses from a prior fiscal year; (ii) the Company shall pay the Employee (or his estate) all of the Employee's ’s accrued and unused vacation through the Termination Datedate of termination; and (iii) following submission of proper expense reports by the Employee (or his estate)Employee, the Company shall reimburse the Employee (or his estate) for all expenses reasonably and necessarily incurred by the Employee in connection with the business of the Company prior to the Termination Datedate of termination. These payments shall be made promptly upon termination and within the period of time mandated by law.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Vocera Communications, Inc.)

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