Payment of Accrued Compensation. (1) Upon termination of this Agreement pursuant to preceding subsection (a), you (or your estate or heirs, as the case may be) will be entitled to receive all Base Salary, Incentive Compensation, expense reimbursements, vacation pay, and similar amounts accrued and unpaid as of the date of such termination. The obligations of Xxxxxx Mac under this subsection (b) will survive any termination of this Agreement.
Payment of Accrued Compensation. The Executive shall also be entitled to all amounts earned or accrued through the date of Termination but not paid as of such date, including base salary, reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the HDI Group during the period ending on the date of Termination, vacation pay, and sick leave (collectively, “Accrued Compensation”). All Accrued Compensation shall be paid to the Executive within ten (10) days following Termination.
Payment of Accrued Compensation. If at the Effective Date any compensation payable to Executive has been accrued and unpaid and from and after the Effective Date any such compensation is accrued, Executive shall be entitled to payment of such accrued compensation in the following manner:
Payment of Accrued Compensation i) If this Agreement is terminated pursuant to this Section 5(a)(i) or 5(a)(ii), any accrued but unpaid compensation due under Section 4 hereof as of the effective date of termination shall be prorated, if necessary, through the effective date of termination and the amount so determined to be due and payable hereunder shall be paid within thirty (30) days after said date of termination to Executive or his estate, as applicable. The Company shall have no further obligation under this Agreement to make any payments to, or bestow any benefits upon, Executive after the effective date of termination (i.e. immediately upon notice of termination following the occurrence of any events described in Sections 5(a)(i) and 5(a)(ii)).
Payment of Accrued Compensation. (i) Upon termination of this Agreement pursuant to preceding subsection (a), the Employee (or his estate or heirs, as the case may be) shall be entitled to receive all Base Salary, annual Bonuses, expense reimbursements, vacation pay, and similar amounts accrued and unpaid as of the date of such termination. The obligations of FAMC under this subsection (b) shall survive any termination of this Agreement.
Payment of Accrued Compensation. PrimePlayer Incorporated acknowledges that Xxxx X. Xxxxxxx, M.D. is entitled to compensation which accrued beginning November 8, 2002 through December 31, 2001 in the sum of approximately $24,000, which remains unpaid. It is agreed that this back salary may be compensated under the Employee Compensation Agreement presently being adopted by the corporation by the issuance of 66,667 common shares of PrimePlayer Incorporated, one mil ($0.001), on the condition that the shares be registered under the Securities Act of 1933 on Form S-8 so that they may be issued as unrestricted shares which may be resold or traded by Xxxx Xxxxxxx without restrictions except those imposed on affiliates of the issuing entity by SEC Rule 144 under the Act.
Payment of Accrued Compensation. (i) Upon termination of the Employee's employment pursuant to preceding subsection (a), the Employee (or his estate or heirs, as the case may be) shall be entitled to receive all Base Salary, annual incentive payments, expense reimbursements, vacation pay, and similar amounts accrued and unpaid as of the date of such termination. With respect to annual incentive payments, the term “accrued” means that the amount of the payment to the Employee has been definitively determined by Xxxxxx Mac but the payment has not been made. The obligations of FAMC under this subsection (b) shall survive any termination of this Agreement.
Payment of Accrued Compensation. The Company currently plans to undertake a private offering of its securities to raise gross proceeds of at least $5,000,000 and, subsequent to the private offering of its securities, the Company plans to undertake a public offering of its securities to raise gross proceeds of at least $10,000,000. If the Company is successful in raising gross proceeds of at least $5,000,000 in a private offering of its securities, it will pay you one-half of the Accrued Compensation ($50,000). If the Company is successful in raising gross proceeds of at least $10,000,000 in a public offering of its securities, it will pay you the balance of the Accrued Compensation ($50,000). If the Company does not pay you 100% of the Accrued Compensation by December 31, 2006 because of its failure to raise funds through either the private offering or the public offering, you and the Company will meet and work in good faith toward an agreement for the payment of the Accrued Compensation.
Payment of Accrued Compensation. (i) Upon termination of the Executive’s employment pursuant to preceding subsection (a) or upon termination of the Executive’s employment upon expiration of the Term, the Executive (or his estate or heirs, as the case may be) shall be entitled to receive all Base Salary, Incentive Salary, expense reimbursements, vacation pay, and similar amounts accrued and unpaid as of the date of termination, except that Incentive Salary shall not be paid upon termination of the Executive’s employment pursuant to subsection (a)(ii) above or upon the Executive’s resignation from employment for any reason other than material breach of this Agreement in accordance with Section 8(e) below. With respect to Incentive Salary, the term “
Payment of Accrued Compensation. (i)Upon termination of the Executive’s employment pursuant to preceding subsection (a) or upon termination of the Executive’s employment upon expiration of the Term, the Executive (or his estate or heirs, as the case may be) shall be entitled to receive all Base Salary and expense reimbursements, as of the date of termination. For the avoidance of doubt, these accrued and unpaid amounts shall not include any accrued vacation pay or Incentive Salary (other than amounts earned but not yet paid for the Executive’s service during a prior entire completed fiscal year). These accrued and unpaid amounts shall be in addition to any amounts that may be due under subsection (c), (d), or (e) of this Section 8. The obligations of Xxxxxx Mac under this subsection (b) shall survive any termination of this Agreement.
