Compensation Due. The Company shall cause to be paid to Hills all accrued and unpaid salary, incentive compensation, unused vacation time, expense reimbursements and vehicle reimbursements due to him, as set forth in the Hills Agreement, through and including the Effective Date, paid pro rata as applicable.
Compensation Due. In full satisfaction of the Company's obligations to Wissxxx xxxer the Employment Agreement, as amended by Section 1 of Amendment No. 3 to Employment Agreement, and in consideration of the noncompetition provisions contained herein, the Company hereby agrees to pay to Wissxxx xxx regular salary through the Effective Date plus the total sum of $1,087,917, comprised of the following components: (i) $975,000 (representing 300% of the base salary of Wissxxx xxxrently in effect); (ii) $16,667 (representing deferred compensation through August, 1998 due to Wissxxx); (iii) $65,000 (representing 8/12 of Wissxxx'x xxxentive compensation received in fiscal year 1997) and (iv) $31,250 (representing accrued vacation pay). The compensation due Wissxxx xxxll be paid as follows: $837,917 shall be paid on or before July 6,1998, and $250,000 shall be paid on or before July 6,1999, subject to required withholding amounts.
Compensation Due. Unless otherwise specified herein, the compensation due to Employee shall vest and become payable according to the following table: $50,000.00 plus accrued interest on funds on deposit shall be paid between January 1, 1997 and January 15, 1997; $50,000.00 plus accrued interest on funds on deposit shall be paid between January 1, 1998 and January 15, 1998; $50,000.00 plus accrued interest on funds on deposit shall be paid between January 1, 1999 and January 15, 1999; and $50,000.00 plus all remaining funds on deposit shall be paid between January 1, 2000 and January 15, 2000. At the time that such compensation vests, the Company shall be entitled to offset Employee's loan repayment pursuant to the schedule specified below against such amounts then due. All such sums shall, at the time they vest, be reported on Employee's W-2 as taxable income. The Company shall withheld all applicable state and federal taxes from sums paid or due to the Employee.
Compensation Due. In the event of termination by District of the Architect's services, or suspension or abandonment of this Project, there shall be due and payable within thirty (30) days after delivery of the documents described in Work Authorization (Exhibit “A”), a sum of money equal to the amounts described in 10.1.5, 10.1.6 and 10.1.7 of this Section, as applicable, less compensation to District for damages suffered by District as a result of the Architect's failure, if any, to comply with the terms of this Agreement.
Compensation Due. The parties agree to a fair market value for the Properties and the Right of Way Acquisition of $6.00 per square foot. This valuation is based on the “Complete Appraisal Presented as a Summary Report, Des Moines Creek Business Park, as of September 21, 2010”, prepared by GVA Xxxxxx Xxxxxxx dated September 21, 2010.
Compensation Due. On the first regular City payday following the final day of employment, Employee shall be paid any regularly due compensation, accrued leave, and unused sick days payable to Employee in accordance with Employer’s existing policies and procedures. Employee expressly acknowledges that he has no claims or entitlement to additional past or present pay or compensation from Employer, except as set forth herein, and he expressly waives claims for such additional compensation, pay or benefits not specifically set forth in this Agreement. Nothing in this Section or Agreement shall be construed to deny or limit Employee’s rights to continuation of health coverage as authorized and provided in the Consolidated Omnibus Budget Reconciliation Act (COBRA).
