Common use of Payment of Amounts Owed Clause in Contracts

Payment of Amounts Owed. Employee acknowledges that Jacobs will pay all remuneration owed to him as a result of his employment with Jacobs through the Retirement Date. Any outstanding expense reports for expenses incurred by Employee in the course of his employment with Jacobs through the Retirement Date will be paid to Employee in accordance with normal approval and payment procedures. Accrued but unused paid time off (“PTO”) will be paid out in accordance with standard practice.

Appears in 2 contracts

Samples: Retirement Transition Agreement (Jacobs Engineering Group Inc /De/), Retirement Transition Agreement (Jacobs Engineering Group Inc /De/)

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Payment of Amounts Owed. Employee acknowledges that Jacobs will pay all remuneration owed to him him/her as a result of his his/her employment with Jacobs through the Retirement Separation Date. Any outstanding expense reports for expenses incurred by Employee in the course of his his/her employment with Jacobs through the Retirement Separation Date will be paid to Employee in accordance with normal approval and payment procedures. Accrued but unused paid time off (“PTO”) will be paid out in accordance with standard practice.

Appears in 1 contract

Samples: Separation Agreement (Jacobs Engineering Group Inc /De/)

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Payment of Amounts Owed. Employee acknowledges that Jacobs will pay all remuneration owed to him her as a result of his her employment with Jacobs through the Retirement Resignation Date. Any outstanding expense reports for expenses incurred by Employee in the course of his her employment with Jacobs through the Retirement Separation Date will be paid to Employee in accordance with normal approval and payment procedures. Accrued but unused paid time off (“PTO”) will be paid out in accordance with standard practice.

Appears in 1 contract

Samples: Separation Agreement (Jacobs Engineering Group Inc /De/)

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