Common use of Unused Vacation Clause in Contracts

Unused Vacation. Upon termination of Executive's employment pursuant to Section 5 herein or non-renewal of the Employment period as provided for under Section 2 herein, for any reason whatsoever, Employer shall pay Executive, in addition to any termination compensation provided for under this Section 6, an amount equivalent to Executive's per diem compensation at the then-current Base Salary rate multiplied by the number of unused vacation days, including any carry-over, accrued by Executive as of the date of termination.

Unused Vacation. Upon termination of Executive's employment pursuant to --------------- Section 5 herein or non-renewal of the Employment period as provided for under Section 2 herein, for any reason whatsoever, Employer shall pay Executive, in addition to any termination compensation provided for under this Section 6, an amount equivalent to Executive's per diem compensation at the then-current Base Salary rate multiplied by the number of unused vacation days, including any carry-over, accrued by Executive as of the date of termination.