Common use of Payments on Termination Clause in Contracts

Payments on Termination. In the event that Employee’s employment under this agreement is terminated for any reason, Company shall promptly pay Employee any amounts due to Employee under this agreement, including any salary accrued through the date of termination, and reimbursement for business related expenses during the period of Employee’s employment, providing that such expenses are submitted in accordance with Company policies, but such payments shall be in full satisfaction of all Company’s obligations to Employee.

Appears in 11 contracts

Samples: Employee Agreement (SMTP, Inc.), Employee Agreement (Universal Capital Management, Inc.), Employee Agreement (SMTP, Inc.)

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Payments on Termination. In the event that Employee’s employment under this agreement is terminated for any reason, Company shall promptly pay Employee any amounts due to Employee under this agreementAgreement, including any salary accrued through the date of termination, and reimbursement for business business-related expenses during the period of Employee’s employment, providing that such expenses are submitted in accordance with Company policies, but such . Such payments shall be in full satisfaction of all Company’s obligations to Employee.

Appears in 2 contracts

Samples: Employee Agreement, At Will Employment Agreement

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