Common use of Compensation owed Clause in Contracts

Compensation owed. Employee acknowledges receipt of all compensation (including, but not limited to, any and all overtime, commission, bonus payments and all other benefits except accrued but unused vacation time) due from the Company through the payroll period immediately prior to _______________ __, 200_. Employee and the Company acknowledge that Employee will receive a lump-sum payment equal to any final compensation (including his accrued but unused vacation time of _____________ (__) days) accrued but not yet paid to Employee on the Company's next regular payday.