Common use of Payments Due Upon Termination Clause in Contracts

Payments Due Upon Termination. Upon termination of Employee’s employment, the Company shall pay to Employee on such date required by applicable law, a lump sum amount in cash equal to Employee’s base salary and other payments due through the Date of Termination to the extent not theretofore paid.

Appears in 1 contract

Sources: Employment Agreement (Capricor Therapeutics, Inc.)

Payments Due Upon Termination. Upon termination of Employee’s employment, the Company shall pay to Employee on such date required by applicable law, a lump sum amount in cash equal to Employee’s base salary Base Salary and other payments due through the Date date of Termination termination to the extent not theretofore paid.

Appears in 1 contract

Sources: Employment Agreement (Capricor Therapeutics, Inc.)