Common use of Compensation Through Termination Date Clause in Contracts

Compensation Through Termination Date. On the Termination Date, the Company shall issue Executive his final paycheck, reflecting (a) his earned but unpaid base salary at the annualized rate of $260,000 per year through the Termination Date ($10,833.33 gross), and (b) all accrued, unused paid time off due Executive through the Termination Date ($30,000 gross). Subject to Section 2(d) below, Executive acknowledges and agrees that with his final check, Executive will have received all monies, bonuses, commissions, expense reimbursement, paid time off, or other compensation he earned or was due during his employment by the Company.

Appears in 2 contracts

Samples: Employment Agreement (Zogenix, Inc.), General Release of Claims (Zogenix, Inc.)

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Compensation Through Termination Date. On the Termination Date, the Company shall issue issued Executive his her final paycheck, reflecting (a) his her earned but unpaid base salary at the annualized rate of $260,000 255,000 per year through the Termination Date ($10,833.33 gross)Date, and (b) all accrued, unused paid time off due Executive through the Termination Date ($30,000 gross)Date. Subject to Section 2(d) below, Executive acknowledges and agrees that with his her final check, Executive will have received all monies, bonuses, commissions, expense reimbursementreimbursements, paid time off, or other compensation he she earned or was due during his her employment by the Company.

Appears in 2 contracts

Samples: Employment Agreement (Zogenix, Inc.), General Release of Claims (Zogenix, Inc.)

Compensation Through Termination Date. On the Termination DateWithin seventy-two (72) hours, the Company shall issue to Executive his final paycheck, reflecting (ai) his Executive’s fully earned but unpaid base salary at the annualized rate of $260,000 per year salary, through the Termination Date ($10,833.33 gross)at the rate then in effect, and (bii) all accrued, unused paid time off due Executive through the Termination Date ($30,000 gross)Date. Subject to Section 2(dSections 2(b) and (d) below, Executive acknowledges and agrees that with his final check, Executive will have received all monies, bonuses, commissions, expense reimbursementreimbursements, paid time off, or other compensation he earned or was due during his employment by the Company.

Appears in 1 contract

Samples: General Release of Claims (Zogenix, Inc.)

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Compensation Through Termination Date. On the Termination Date, the Company shall issue to Executive his final paycheck, reflecting (ai) his Executive’s fully earned but unpaid base salary at the annualized rate of $260,000 per year salary, through the Termination Date ($10,833.33 gross)at the rate then in effect, and (bii) all accrued, unused paid time off due Executive through the Termination Date ($30,000 gross)Date. Subject to Section 2(dSections 2(b) and (d) below, Executive acknowledges and agrees that with his final check, Executive will have received all monies, bonuses, commissions, expense reimbursementreimbursements, paid time off, or other compensation he earned or was due during his employment by the Company.

Appears in 1 contract

Samples: General Release of Claims (Dasan Zhone Solutions Inc)

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