Examples of IBS in a sentence
Unused PTO of up to twenty (20) days accrued by Employee as an employee of IBS as of the Effective Date will carry over to the portion of the 2011 calendar year beginning on the Effective Date.
Employee hereby waives any and all rights Employee may have to any unpaid compensation and/or reimbursements and/or any late fees thereon under the IBS Agreement or for employment with IBS, in exchange for payment of the Accrued Bonus and in consideration of the Employee's employment by the Company and other terms and conditions of this Agreement.
The Company shall pay the Employee Thirty Thousand Dollars ($30,000) for bonuses accrued by the Employee as an employee of IBS (the “Accrued Bonus”) upon the day thirty (30) days after the later of the Effective Date or the Initial Closing, subject to Employee's timely, effective release of the Company and its affiliates in the form attached hereto.
This Agreement contains the sole and entire agreement between the parties hereto relating to the subject matter hereof and supersedes all prior discussions and agreements between the parties relating to such retention, including, without limitation, the IBS Agreement, and any such prior agreements other than assignments of Work Product (as defined under the IBS Agreement) to IBS under the IBS Agreement, shall, from and after the date hereof, be null and void.
The Company shall pay the Employee Thirty-Five Thousand ($35,000) for bonuses accrued by the Employee as an employee of IBS (the “Accrued Bonus”) upon the day thirty (30) days after the later of the Effective Date or the Initial Closing, subject to Employee's timely, effective release of the Company and its affiliates in the form attached hereto.