Common use of Compensation of Employee Clause in Contracts

Compensation of Employee. As compensation for the services provided by [Insert Name of Employee] under this Agreement, [Insert Name of Employer] will pay [Insert Name of Employee] an annual salary of $[Insert Amount] payable monthly on the [Insert Day of the Month] day of each month. Upon termination of this Agreement, payments under this paragraph shall cease; provided, however, that [Insert Name of Employee] shall be entitled to payments for periods or partial periods that occurred prior to the date of termination and for which [Insert Name of Employee] has not yet been paid, and for any commission earned in accordance with [Insert Name of Employer]’s customary procedures, if applicable. Accrued vacation will be paid in accordance with state law and [Insert Name of Employer]’s customary procedures. This section of the Agreement is included only for accounting and payroll purposes and should not be construed as establishing a minimum or definite term of employment. 4.

Compensation of Employee. As compensation for the services provided by [Insert Name of Employee] under this Agreement, [Insert Name of Employer] will pay [Insert Name of Employee] an annual salary of $[Insert Amount] payable monthly on the [Insert Day of the Month] day of each month. Upon termination of this Agreement, payments under this paragraph shall cease; provided, however, that [Insert Name of Employee] shall be entitled to payments for periods or partial periods that occurred prior to the date of termination and for which [Insert Name of Employee] has not yet been paid, and for any commission earned in accordance with [Insert Name of Employer]’s customary procedures, if applicable. Accrued vacation will be paid in accordance with state law and [Insert Name of Employer]’s customary procedures. This section of the Agreement is included only for accounting and payroll purposes and should not be construed as establishing a minimum or definite term of employment. 4.