Common use of Termination by Mutual Written Agreement Clause in Contracts

Termination by Mutual Written Agreement. If this Agreement terminates by mutual agreement between the Executive and the Company, then the Company will pay the Executive (i) all accrued, but unpaid wages, based on the Executive’s then current Base Salary, through the termination date; (ii) all earned and accrued, but unpaid Bonuses prorated to the date of termination; and (iii) all approved, but unreimbursed, business expenses, provided that a request for reimbursement of business expenses is submitted in accordance with the Company’s policies and submitted within five (5) business days of the Executive’s termination date. Payment of such amounts shall be made by the Company within thirty (30) days of the Executive’s termination date, with the payment date determined by the Company in its sole discretion. The Company shall have no other obligations to the Executive under this Agreement; however, the Executive shall continue to be bound by Section 10 and all other post-termination obligations to which the Executive is subject, including, but not limited to, the obligations contained in this Agreement that survive the expiration or earlier termination of this Agreement, as provided herein.

Termination by Mutual Written Agreement. If this Agreement terminates by mutual agreement between the Executive and the Company, then the Company will pay the Executive (i) all accrued, accrued but unpaid wages, based on the Executive’s then current Base Salary, through the termination date; (ii) all earned and accruedaccrued but unpaid Bonuses, but unpaid Bonuses prorated to only if Executive was employed for the date of terminationentire annual Bonus period; and (iii) all approved, but unreimbursed, business expenses, provided that a request for reimbursement of business expenses is submitted in accordance with the Company’s policies and submitted within five (5) business days of the Executive’s termination date. Payment of such amounts shall be made by the Company within thirty (30) days of the Executive’s termination date, with the payment date determined by the Company in its sole discretion. The Company shall have no other obligations to the Executive Executive, including under any provision of this Agreement, Company policy or otherwise; however, the Executive shall continue to be bound by Section 10 8 and all other post-termination obligations to which the Executive is subject, including, but not limited to, the obligations contained in this Agreement that survive the expiration or earlier termination of this Agreement, as provided herein.