Common use of Definition of Accrued Obligations Clause in Contracts

Definition of Accrued Obligations. As used in this Agreement, “Accrued Obligations” means all accrued but unpaid salary, accrued but unpaid vacation, sick leave, and similar pay (all determined in accordance with Luminex’s policies then in effect), and any appropriate business expenses incurred by Executive in connection with his duties hereunder, all to the date of termination.

Appears in 4 contracts

Samples: Employment Agreement (Luminex Corp), Employment Agreement (Luminex Corp), Employment Agreement (Luminex Corp)

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Definition of Accrued Obligations. As used in this Agreement, "Accrued Obligations" means all accrued but unpaid salary, accrued but unpaid vacation, sick leave, and similar pay (all determined in accordance with Luminex’s 's policies then in effect), and any appropriate business expenses incurred by Executive in connection with his duties hereunder, all to the date of termination.

Appears in 4 contracts

Samples: Employment Agreement (Luminex Corp), Employment Agreement (Luminex Corp), Employment Agreement (Luminex Corp)

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Definition of Accrued Obligations. As used in this Agreement, “Accrued Obligations” means all accrued but unpaid salary, accrued but unpaid vacation, sick leave, and similar pay (all determined in accordance with LuminexTm’s policies then in effect), and any appropriate business expenses incurred by Executive in connection with his duties hereunder, all to the date of termination.

Appears in 1 contract

Samples: Employment Agreement (Luminex Corp)

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