Common use of Compensation Through Termination Date Clause in Contracts

Compensation Through Termination Date. Upon any termination of this Agreement pursuant to Section 5(b), the Company (i) will pay Employee his or her base compensation pursuant to Section 3(a) through the date of termination, (ii) will pay Employee for vacation accrued but not taken under Section 3(c) in accordance with its vacation policy, and (iii) will reimburse Employee pursuant to Section 4 for expenses incurred prior to the termination, provided that the request for such reimbursement is made by the Employee no later than 10 days after the termination of this Agreement. Except as specifically provided in this Section 6, the Company will have no obligation to pay any severance, salary, benefits or other compensation or damages at or after the date of termination. All payments under this Section 6(a) shall be at the earliest possible time and no later than 15 days after the Employee’s termination date.

Appears in 3 contracts

Samples: Employment Agreement (Cobiz Financial Inc), Employment Agreement (Cobiz Financial Inc), Employment Agreement (Cobiz Financial Inc)

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Compensation Through Termination Date. Upon any termination of this Agreement pursuant to Section 5(b), the Company (i) will pay Employee his or her base compensation pursuant to Section 3(a) through the date of termination, (ii) will pay Employee for vacation accrued but not taken under Section 3(c) in accordance with its vacation policy, and (iii) will reimburse Employee pursuant to Section 4 for expenses incurred prior to the termination, provided that the request for such reimbursement is made by the Employee no later than 10 days after the termination of this Agreement. Except as specifically provided in this Section 6, the Company will have no obligation to pay any severance, salary, benefits or other compensation or damages at or after the date of termination. All payments under this Section 6(a) shall be at the earliest possible time and no later than 15 days after the Employee’s termination date.

Appears in 1 contract

Samples: Employment Agreement (Cobiz Financial Inc)

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