Accrued Compensation Amount definition
Examples of Accrued Compensation Amount in a sentence
As good consideration for Employee's execution, delivery and non-revocation of this Transferred Employee Release, ▇▇▇▇▇▇ shall provide Employee with Employee's portion of the Accrued Compensation Amount (as such term is defined in the Transaction Agreement) in accordance with the terms of the Transaction Agreement (less applicable withholdings and other customary payroll deductions, excluding 401(k) contributions) (the "Accrued Compensation Payment").
In addition to the compensation payable in accordance with Section 6.2(a), the NewCo Team shall receive from the Current Investment Advisor or another ▇▇▇▇▇▇ Party as compensation for the services provided for the period from January 1, 2009 through and including the Closing Date an aggregate amount (the "Accrued Compensation Amount") equal to $680,000 (subject to applicable withholding requirements).
The Parties acknowledge that the terms set forth herein were agreed upon as a compromise and final settlement of all of the disputes relating to the Accrued Compensation Amount and are not, and may not be construed as, an admission of liability by the Company and is not to be construed as an admission that the Company engaged in any wrongful, tortious, or unlawful activity.