Common use of Benefits Entitlements Clause in Contracts

Benefits Entitlements. On or before Employee's last day of employment with the Employer or any of its subsidiaries, the Employer will pay to the Employee as compensation for services rendered a lump sum cash amount (subject to any applicable payroll or other taxes required to be withheld) equal to the sum of,

Benefits Entitlements. On or before Employee's last day of employment with the Employer or any of its subsidiaries, the Employer will pay to the Employee as compensation for services rendered a lump sum amount, one-half in cash amount and one-half in restricted common stock at $1.00 per share, (subject to any applicable payroll or other taxes required to be withheld) equal to the sum of,