Common use of Definition of Accrued Obligations Clause in Contracts

Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations” means (i) the portion of your Base Salary as has accrued prior to any termination of your employment with the Company and has not yet been paid, (ii) an amount equal to the value of your accrued unused vacation days, and (iii) the amount of any expenses properly incurred by you on behalf of the Company prior to any such termination and not yet reimbursed.

Appears in 5 contracts

Samples: T2 Biosystems, Inc., T2 Biosystems, Inc., T2 Biosystems, Inc.

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Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations” means (i) the portion of your Employee’s Base Salary as that has accrued prior to any termination of your Employee’s employment with the Company and has not yet been paid, ; (ii) an amount equal to the value of your Employee’s accrued unused vacation days, ; and (iii) the amount of any reasonable documented out-of-pocket expenses properly incurred by you Employee on behalf of the Company prior to any such termination and not yet reimbursed.

Appears in 4 contracts

Samples: Employment Agreement (Orchid Cellmark Inc), Employment Agreement (Orchid Cellmark Inc), Employment Agreement (Orchid Cellmark Inc)

Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations” means (i) the portion of your Base Salary as has accrued prior to any termination of your employment with the Company and has not yet been paid, (ii) an amount equal to the value of your accrued unused vacation days, (iii) the amount of any Annual Bonus earned and accrued but not yet paid and (iiiiv) the amount of any expenses properly incurred by you on behalf of the Company prior to any such termination and not yet reimbursed.

Appears in 2 contracts

Samples: Invivo Therapeutics Holdings Corp., Invivo Therapeutics Holdings Corp.

Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations,” means (i) the portion of your Base Salary as has accrued prior to any termination of your employment with the Company and has not yet been paid, (ii) an amount equal to the value of your accrued unused vacation days, and (iii) the amount of any expenses properly incurred by you on behalf of the Company prior to any such termination and not yet reimbursed.

Appears in 2 contracts

Samples: Employment Agreement (Neogenix Oncology Inc), Neogenix Oncology Inc

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Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations,” means (i) the portion of your Base Salary as has accrued prior to any termination of your employment with the Company and has not yet been paid, (ii) an amount equal to the value of your accrued unused vacation days, (iii) the amount of any Annual Bonus and Investment Bonus earned and accrued but not yet paid and (iiiiv) the amount of any expenses properly incurred by you on behalf of the Company prior to any such termination and not yet reimbursed.

Appears in 1 contract

Samples: Employment Agreement (Neogenix Oncology Inc)

Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations,” means (i) the portion of your Base Salary as has accrued prior to any termination of your employment with the Company and has not yet been paid, (ii) an amount equal to the value of your accrued unused vacation days, (iii) the amount of any Annual Bonus earned and accrued but not yet paid and (iiiiv) the amount of any expenses properly incurred by you on behalf of the Company prior to any such termination and not yet reimbursed.

Appears in 1 contract

Samples: Neogenix Oncology Inc

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