Common use of Payment of Accrued Obligations Clause in Contracts

Payment of Accrued Obligations. Executive shall be entitled to payment of [his/her] then current base salary through the date [his/her] employment is terminated (“Termination Date”). Any vacation amount accrued, but not paid, through the Termination Date shall also be paid to Executive in a single lump sum. Executive shall submit all vouchers for reasonable business expenses prior to [his/her] Termination Date or as soon thereafter as is practicable. Executive will no longer be authorized after [his/her] Termination Date to incur any expenses, obligations, or liabilities on behalf of Employer.

Payment of Accrued Obligations. Executive shall be entitled to payment of [his/her] her then current base salary through the date [his/her] her employment is terminated (“Termination Date”). Any vacation amount accrued, but not paid, through the Termination Date shall also be paid to Executive in a single lump sum. Executive shall submit all vouchers for reasonable business expenses prior to [his/her] her Termination Date or as soon thereafter as is practicable. Executive will no longer be authorized after [his/her] her Termination Date to incur any expenses, obligations, or liabilities on behalf of Employer.