Common use of Deferred Payments Clause in Contracts

Deferred Payments. Not later than the date hereof, the Company shall pay to the Employee the sum of $124,056 in full payment of (a) unpaid salary previously deferred by the Employee, and (b) certain expense reimbursements previously deferred by the Employee.

Deferred Payments. Not later than the date hereof, the Company shall pay to the Employee the sum of $124,056 217,000 in full payment of (a) unpaid salary previously deferred by the Employee, and (b) certain expense reimbursements previously deferred by the Employee.