DEFINITIONS A. Accrued Benefits" means an amount equal to the sum of (a) the portion of the Base Salary payable through and including the Termination date which has not yet been paid, (b) all compensation previously deferred by the Executive (together with any accrued interest and earnings thereon) which has not yet been paid, and (c) any accrued but unpaid expense reimbursements and vacation pay.
Appears in 2 contracts
Sources: Employment Agreement (American Marine Recreation Inc), Employment Agreement (Urban Cool Network Inc)