Fully Accrued definition

Fully Accrued means (a) as to Regular Compensation, the percentage of a year's Regular Compensation as shall equal the percentage of the year which has expired on the termination date, and (b) as to Override Bonus, only that Override Bonus which has been earned as of the month end previous to the termination date.
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Fully Accrued means (a) as to Regular Compensation, the percentage of a year's Regular Compensation as shall equal the percentage of the year which has expired on the termination date, and (b) as to Profit Bonus, only that Profit Bonus which has been awarded by the Company's Board of Directors.
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Fully Accrued means (i) as to Regular Compensation the percentage of a year's Regular Compensation as shall equal the percentage of the year which has expired on the termination date, (ii) as to Signing Bonus, the entire Signing Bonus, (iii) as to Profit Bonus only the applicable percentage of net profits having occurred on or before the date of termination, in which case the $400,000 figure shall be adjusted based on the percentage of the year which has expired on the termination date and (iv) as to commissions, only the commission on orders received and accepted at the date of termination (subject to adjustment for any non-payments for orders shipped, unless due to failure on the part of the Company).
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Examples of Fully Accrued in a sentence

  • In such event, the Company shall pay the Employee only such compensation as shall have Fully Accrued on the date of termination.

  • In such event, the Employee shall be entitled to receive his or her compensation only to the extent Fully Accrued on the date of termination.

  • In such event, the Employee shall continue to receive Regular Compensation throughout the original or any one year renewal term as more fully explained in Section 2 of this Agreement, which shall not be less than two (2) years of such Regular Compensation, unless taking place during the original term of this agreement in which case it shall be three (3) years of such Regular Compensation, but shall be entitled to Profit Bonus only to the extent Fully Accrued on the date of termination.

  • Upon such a termination Employee will receive his Regular Compensation for a period of six (6) months, but shall receive his Profit Bonus and Commission Bonus only to the extent Fully Accrued on the date of termination.

  • If the Employee dies during the term of this employment, the Company shall pay to the estate of the Employee the compensation which would be Fully Accrued as of the end of the calendar month in which his death occurs.

  • In such event, the Employee shall receive six(6) months of Regular Compensation unless such termination occurs during the original term of this Agreement (i.e. occurs prior to March 1, 2001), in which case Employee shall receive one (1) year of such Regular Compensation, but the Employee shall be entitled to Override Bonus only to the extent Fully Accrued as of the prior month's end on the date of termination.

  • In such event, the Company shall pay the Employee only such compensation as shall have Fully Accrued on the date of termination, less reserves for damages by reason of Employee's actions.

  • If the Employee dies during the term of ----- this Employment Agreement, the Company shall pay to the estate of the Employee the compensation which would be Fully Accrued as of the end of the calendar month in which his death occurs.

  • In such event, the Employee shall be entitled to receive his compensation only to the extent Fully Accrued on the date of termination and Employee shall have no right to exercise his rights under any stock options.

  • If the Employee dies during the ----------------------- term of this Employment Agreement, the Company shall pay to the estate of the Employee the compensation which would be Fully Accrued as of the end of the calendar month in which his death occurs.