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 Executive’s Base Salary that has accrued prior to any termination of Executive’s employment with Company and has not yet been paid; (ii) any accrued but unused PTO pursuant to Company’s standard policy and practices; and (iii) the amount of any expenses properly incurred by Executive on behalf of Company prior to any such termination and not yet reimbursed. Executive’s entitlement to any other compensation or benefit under any plan of Company shall be governed by and determined in accordance with the terms of such plans, except as otherwise specified in this Agreement.

Appears in 8 contracts

Samples: Executive Employment Agreement (Spero Therapeutics, Inc.), Executive Employment Agreement (Spero Therapeutics, Inc.), Executive Employment Agreement (Spero Therapeutics, Inc.)

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Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations” means: (i) the portion of Executive’s Base Salary that has accrued prior to before any termination of Executive’s employment with Company and has not yet been paid; (ii) any accrued but unused PTO pursuant to the Company’s standard policy and practices; and (iii) the amount of any expenses properly incurred by Executive on behalf of the Company prior to before any such termination and not yet reimbursed. Executive’s entitlement to any other compensation or benefit under any Company plan of Company shall be governed by and determined in accordance with the terms of such plansplans (if any), except as otherwise specified in this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Vascular Biogenics Ltd.)

Definition of Accrued Obligations. For purposes of this Amended Agreement, “Accrued Obligations” means: (i) the portion of Executive’s Base Salary that has accrued prior to any termination of Executive’s employment with Company and has not yet been paid; (ii) any accrued but unused PTO pursuant to Company’s standard policy and practices; and (iii) the amount of any expenses properly incurred by Executive on behalf of Company prior to any such termination and not yet reimbursed. Executive’s entitlement to any other compensation or benefit under any plan of Company shall be governed by and determined in accordance with the terms of such plans, except as otherwise specified in this Amended Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Spero Therapeutics, Inc.)

Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations” means: (i) the portion of Executive’s Base Salary that has accrued prior to any termination of Executive’s employment with Company and has not yet been paid; (ii) the amount equal to any accrued but unused PTO pursuant to Company’s standard policy and practicesas of the date of termination; and (iii) the amount of any expenses properly incurred by Executive on behalf of Company prior to any such termination and not yet reimbursed. Executive’s entitlement to any other compensation or benefit under any plan of Company shall be governed by and determined in accordance with the terms of such plans, except as otherwise specified in this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Proteostasis Therapeutics, Inc.)

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Definition of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations” means: (i) the portion of Executive’s Base Salary that has accrued prior to any termination of Executive’s employment with Company and has not yet been paid; (ii) any accrued but unused PTO pursuant to Company’s standard policy and practices; and (iii) the amount of any expenses properly incurred by Executive on behalf of Company prior to any such termination and not yet reimbursed. Executive’s entitlement to any other compensation or benefit under any plan of Company shall be governed by and determined in accordance with the terms of such plans, except as otherwise specified in this Agreement.. 97424578v.1

Appears in 1 contract

Samples: Executive Employment Agreement (Spero Therapeutics, Inc.)

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