Common use of Payment of Accrued But Unpaid Amounts Clause in Contracts

Payment of Accrued But Unpaid Amounts. Within five business days after ------------------------------------- the Termination Date, (i) all deferred compensation (including any deferrals and matches on those deferrals in the Company's Deferral of Executive Compensation Plan I or the Company's Deferral of Executive Compensation Plan II) shall become fully vested and (ii) the Company shall pay Executive, in cash, (A) any unpaid portion of Executive's Bonus accrued with respect to the full calendar year ended prior to the Termination Date; and (B) all unpaid deferred compensation of Executive.

Appears in 7 contracts

Samples: Termination Protection Agreement (Imperial Credit Industries Inc), Termination Protection Agreement (Imperial Credit Industries Inc), Termination Protection Agreement (Imperial Credit Industries Inc)

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