Accrued Base Salary definition

Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Accrued Base Salary as defined in Section 4.1(a) hereof.

Accrued Base Salary as defined in Section 4.1(a);

Examples of Accrued Base Salary in a sentence

If the Company terminates the Executive’s employment for Cause (as defined below), the Executive shall be entitled under this Agreement only to payment of his Accrued Base Salary, which amount shall be paid in a lump sum in cash within thirty (30) days of the Termination Date.
Notwithstanding the foregoing, the Executive shall be entitled to receive any Accrued Base Salary and Accrued Bonus.
If Executive’s employment terminates due to his death or Disability prior to a Change of Control or more than thirteen months after a Change of Control, the Company shall pay to Executive or his beneficiaries, as the case may be, (i) immediately after the Date of Termination an amount which is equal to the sum of Executive’s Accrued Base Salary and Accrued Annual Bonus, and (ii) at the time described in Section 4.2(b), an amount which is equal to the Executive’s Prorata Annual Bonus.
If the Company terminates Executive’s employment for Cause (whether before or after a Change of Control) or Executive terminates his employment other than for Good Reason, death or Disability, or Executive Termination, the Company shall pay to Executive immediately after the Date of Termination an amount equal to the sum of Executive’s Accrued Base Salary and Accrued Annual Bonus and Executive shall not be entitled to receive any severance payment.
If the Executive terminates employment during the Employment Period, excluding a termination for Good Reason, this Agreement shall terminate without further obligations to the Executive, other than Accrued Base Salary and Vacation Pay, and the timely payment or provision of benefits pursuant to the last sentence of Section 7(a)(6) and Section 7(a)(7).

More Definitions of Accrued Base Salary

Accrued Base Salary means the amount of Executive’s Base Salary which is accrued but not yet paid as of the Date of Termination.

Accrued Base Salary means the amount of a Participant’s Base Salary that is accrued but unpaid as of the Termination Date, other than amounts that he or she has elected to defer.

Accrued Base Salary means the Executive’s accrued and unpaid Base Salary through the Termination Date determined at the Highest Base Salary Rate.

Accrued Base Salary means that portion of Executive’s Base Salary which is accrued but unpaid as of the Termination Date.

Accrued Base Salary means the amount of a Participant’s Base Salary that is accrued but not yet paid as of the Termination Date.

Accrued Base Salary means the amount of Executive's Base Salary that is accrued but unpaid as of the Executive's Termination Date, other than amounts that Executive has elected to defer.

Accrued Base Salary means any unpaid Base Salary of Executive earned through the Termination Date.

Filter & Search

Related Definitions