Earned Compensation and Benefits Sample Clauses

Earned Compensation and Benefits. Parent acknowledges that the Surviving Corporation and its Subsidiaries (or any successor thereof) is obligated to (i) pay in the ordinary course all amounts earned by the Company Employees under the Sales Incentive Program and any other incentive compensation plans and agreements set forth on Schedule 3.14(a) as of the Closing Date; (ii) pay in the ordinary course all salaries, wages and other base compensation to the Company Employees that has accrued but remains unpaid as of the Closing Date; (iii) on and after the Closing Date, honor, in accordance with their terms, all employment agreements and all Benefit Plans set forth on Schedule 3.14(a); (iv) on and after the Closing Date, honor in accordance with their terms, all collective bargaining agreements set forth on Schedule 3.14(f); and (v) on and after the Closing Date, permit the Company Employees to take all vacation and other paid time off which has been accrued but remains unused by such Company Employees (as reflected on the Closing Balance Sheet) pursuant to the Company’s vacation and paid time off policies. Except with respect to compensation and benefits accrued by the Company Employees as of the Closing Date, nothing contained herein shall be construed to limit the right of Parent to amend any Benefit Plan following the Closing Date in accordance with the terms thereof.
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Earned Compensation and Benefits. Executive acknowledges he has been paid all amounts to which he is due from Company, including, without limitation, all amounts representing wages, benefits, accrued time off, or any other form of employee compensation.
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Earned Compensation and Benefits. Executive acknowledges and agrees that as of the date he executes this Agreement, except with respect to the base salary for the remainder of December 2014, funding the 3% of annual salary contribution to employee’s 401k for the calendar year 2014 and the expense reimbursements that he is owed or will be owed through his Separation of Service and except with respect to those payments and items of value expressly provided for in Section G of this Agreement, he has been paid all amounts to which he is due from the Company as a result of his employment or his Separation from Service, and no other payments or items of value of any kind are due or will be due to Executive from the Company or from the Company Releasees.
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Earned Compensation and Benefits. Upon termination of this Agreement prior to the end of the Employment Term, the Employee's compensation and benefits provided for in Section 4 shall be prorated and paid to the Employee, his heirs, Successors and assigns, as follows:
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Earned Compensation and Benefits. Executive acknowledges and agrees that as of the date he executes this Agreement, except with respect to the base salary for the remainder of December 2013 and the expense reimbursements that he is owed or will be owed through his Separation of Service and except with respect to those payments and items of value expressly provided for in both Section G of this Agreement and the Consulting Agreement, he has been paid all amounts to which he is due from the Company as a result of his employment or his Separation from Service, and no other payments or items of value of any kind are due or will be due to Executive from the Company or from the Company Releasees. The Consulting Agreement shall be null and void if Executive does not return Exhibit A on January 2, 2014.
Sample 1

Related to Earned Compensation and Benefits

  • Accrued Compensation and Benefits Notwithstanding anything to the contrary in Section 2 and 3 above, in connection with any termination of employment upon or following a Change in Control (whether or not a Qualifying Termination or CIC Qualifying Termination), the Company or its subsidiary shall pay Executive’s earned but unpaid base salary and other vested but unpaid cash entitlements for the period through and including the termination of employment, including unused earned vacation pay and unreimbursed documented business expenses incurred by Executive prior to the date of termination (collectively “Accrued Compensation and Expenses”), as required by law and the applicable Company or its subsidiary, as applicable, plan or policy. In addition, Executive shall be entitled to any other vested benefits earned by Executive for the period through and including the termination date of Executive’s employment under any other employee benefit plans and arrangements maintained by the Company or its subsidiary, as applicable, in accordance with the terms of such plans and arrangements, except as modified herein (collectively “Accrued Benefits”). Any Accrued Compensation and Expenses to which the Executive is entitled shall be paid to the Executive in cash as soon as administratively practicable after the termination, and, in any event, no later than two and one-half (2-1/2) months after the end of the taxable year of the Executive in which the termination occurs or at such earlier time as may be required by applicable law or Section 10 below, and to such lesser extent as may be mandated by Section 9 below. Any Accrued Benefits to which the Executive is entitled shall be paid to the Executive as provided in the relevant plans and arrangements.

  • Compensation and Benefits As compensation for all services performed by the Executive under and during the term hereof and subject to performance of the Executive’s duties and of the obligations of the Executive to the Company and its Affiliates, pursuant to this Agreement or otherwise:

  • Other Compensation and Benefits Except as may be provided under this Agreement,

  • ADDITIONAL COMPENSATION AND BENEFITS The Executive shall receive the following additional compensation and welfare and fringe benefits:

  • Severance Payments; Salary and Benefits The Company agrees to provide Executive with the severance payments and benefits described in Section 4(b) [and Section 4(c)] of the Employment Agreement, payable at the times set forth in, and subject to the terms and conditions of, the Employment Agreement. In addition, to the extent not already paid, and subject to the terms and conditions of the Employment Agreement, the Company shall pay or provide to Executive all other payments or benefits described in Section 3(c) of the Employment Agreement, subject to and in accordance with the terms thereof.

  • Vacation and Benefits The Executive is entitled to four (4) weeks of vacation, which will accrue on a pro-rata basis during the employment year, in addition to all public holidays when the office is closed. Executive will be eligible to participate in all employee benefit plans established by the Company for its employees from time to time, subject to general eligibility and participation provisions set forth in such plans. In accordance with Company policies from time to time and subject to proper documentation, the Company will reimburse you for all reasonable and proper travel and business expenses incurred by you in the performance of your duties.

  • Severance Compensation and Benefits Not in Derogation of Other Benefits Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the Company, except that if the Executive received any payment hereunder, the Executive shall not be entitled to any payment under the Company’s severance policy for officers and directors.

  • Separation Pay and Benefits Specifically in consideration of your signing this Agreement and subject to the limitations, obligations, and other provisions contained in this Agreement, the Company agrees as follows:

  • Accrued Compensation On any termination of the Executive’s employment with the Company Group, the Executive will be entitled to receive all accrued but unpaid vacation, expense reimbursements, wages, and other benefits due to the Executive under any Company-provided plans, policies, and arrangements.

  • Severance Pay and Benefits Upon Termination by the Company without Cause or by the Executive for

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