Payment of Moneys Owed. The Executive and the Company acknowledge that the Company has paid, or will pay no later than October 31, 2015, all remuneration owed to the Executive as a result of her employment with and separation from the Company, related to (a) her salary through the Separation Date, (b) all accrued (but unused) vacation pay for 2015 through the Separation Date, and (c) all business expenses, if any, incurred by her through the Separation Date as a result of her employment with the Company, provided that such expenses are authorized under and consistent with the expense reimbursement policies of the Company. Except as specifically provided for in this Paragraph 3 and in Paragraphs 6 and 9, the Executive shall not be entitled to receive any compensation or benefits of employment from the Company or any Company Affiliate following the Separation Date.
Payment of Moneys Owed. Employee acknowledges the Company has paid all compensation owed to Employee as a result of Employee’s employment with the Company, including but not limited to Employee’s salary/wages through the Separation Date, all accrued but unused vacation/flex time through that date, all commissions and/or bonuses owed to Employee, and all business expenses, if any, incurred by Employee as a result of Employee’s employment with the Company. Employee further agrees that he has no present claim for wages or benefits, and that he is not and would not be entitled to any future wages or benefits pursuant to any claims, other than the severance pay and benefits under this Agreement.
Payment of Moneys Owed. The Executive and the Company acknowledge that the Company has paid, or will pay no later than thirty (30) days after the Separation Date, all remuneration owed to the Executive as a result of his employment with and separation from the Company, related to (a) all earned but unpaid salary payable to the Executive through the Separation Date, at the annualized rate of $824,000 (the “Base Salary”), pursuant to Section 2.4(d)(1)(A) of the Employment Agreement (equal to an amount of $0); (b) all accrued (but unused) vacation pay for 2011 through the Separation Date (equal to an amount of $31,692.31); and (c) all business expenses, if any, incurred by him through the Separation Date as a result of his employment with the Company, provided that such expenses are authorized under and consistent with the expense reimbursement policies of the Company. Except as specifically provided for in this Paragraph 3 and in Paragraphs 6 and 8, the Executive shall not be entitled to receive any compensation or benefits of employment from the Company or any Company Affiliate following the Separation Date. Any amount payable to the Executive under this Agreement will be less all applicable federal, state and local withholding taxes and any other authorized or legally required deductions.
Payment of Moneys Owed. Employee acknowledges that, excluding the amounts expressly set forth in the Separation Agreement which, by their terms, are to be paid after the date hereof, Gentherm has paid all remuneration owed to him as a result of his employment with Gentherm.
Payment of Moneys Owed. XXXXXXXXXX acknowledges that XXXXXXXX has paid all remuneration owed to him as a result of his employment with XXXXXXXX, including, but not limited to his salary through May 25, 2007 and all accrued vacation through May 25, 2007.
Payment of Moneys Owed. The Executive and the Company acknowledge that the Company has paid, or will pay no later than thirty (30) days after the Separation Date, all remuneration owed to the Executive as a result of his employment with the Company prior to the Separation Date, related to: (a) all earned but unpaid base salary payable to the Executive through the Separation Date (the “Base Salary”); and (b) all business expenses, if any, incurred by him through the Separation Date as a result of his employment with the Company, provided that such expenses are properly documented and have been authorized consistent with the expense reimbursement policies of the Company (“Business Expenses”). Any and all Base Salary ARC GROUP WORLDWIDE, INC.SEPARATION AGREEMENT payments to Executive shall be reduced for all applicable deductions and withholdings required by law. Except as specifically provided for in this Paragraph 3 and in respect of Paragraphs 6 and 8 below, the Executive shall not be entitled to receive any compensation or benefits of employment from the Company or any Affiliate following the Separation Date. Any amount payable to the Executive under this Agreement will be less all applicable federal, state and local withholding taxes and any other authorized or legally required deductions.
Payment of Moneys Owed. You acknowledge that the Company has paid you for all wages or salary earned, and any accrued but unused Paid Time Off (“PTO”), through your Separation Date. You are entitled to this payment regardless of whether you sign this Agreement. Group health benefits for which you currently are eligible will continue through the end of the month in which the Separation Date occurs, but your accrual of, and eligibility for, PTO, holiday pay, and any other employee benefits and privileges will cease on the Separation Date.
Payment of Moneys Owed. The Company has paid you all wages or salary earned, including any accrued, but unused, vacation pay and your Cash Profit Sharing (CPS) payment for the second quarter of 2013, through the Separation Date. You will receive a prorated CPS payment for July 2013 in October 2013 pursuant to the Company’s usual timing for payment of CPS. You are entitled to these payments regardless of whether you sign this Agreement. Your group health benefits will continue through August 31, 2013, but your accrual of, and eligibility for, vacation, sick leave, holiday pay, and any other employee benefits and privileges will cease as of the Separation Date. When your group health benefits end, you will be eligible to elect COBRA continuation coverage. You will be furnished a COBRA notice with information about the coverage and how to elect it.
Payment of Moneys Owed. Terner acknowledges that Prospect has paid all moneys owed to him as a result of his employment with Prospect, including but not limited to his salary and all accrued paid time off pay through his Employment Separation Date.
Payment of Moneys Owed. Employee acknowledges that Employer has paid all remuneration owed to her as a result of her employment with Employer, including but not limited to her salary and all accrued vacation pay through November 2, 2007.
