Common use of Payments Due Upon Termination Clause in Contracts

Payments Due Upon Termination. Upon termination of Executive’s employment for any reason, the Company shall pay to Executive on such date required by applicable law, a lump sum amount in cash equal to Executive’s Base Salary and other payments due through the date of termination to the extent not theretofore paid (“Accrued Amounts”).

Appears in 3 contracts

Sources: Employment Agreement (Capricor Therapeutics, Inc.), Employment Agreement (Capricor Therapeutics, Inc.), Employment Agreement (Capricor Therapeutics, Inc.)