Final Wages. On March 29, 2002, the Employee will receive a final payroll earnings payment, including any accrued but unused Personal Time Off (“PTO”) as of March 15, 2002. The Company shall deduct customary withholdings, including Federal Income tax, Medicare tax and Social Security tax from this final earnings check. In addition, Employee will be reimbursed by the Company for any ordinary/reasonable expenses advanced or incurred in the performance of his duties up to February 26, 2002. In addition, in accordance with Section 6 (b) of the Employment Agreement dated March 3rd, 1997, Employee shall receive his current base salary ($148,000 annual) through April 8, 2003, on the current semi-monthly cycle. The Company shall deduct customary withholdings, including FICA, Medicare tax and Federal income tax from these earnings.
Appears in 2 contracts
Sources: Separation Agreement (Hf Financial Corp), Separation Agreement (Hf Financial Corp)