Final Salary Payment. On or before the Separation Date, Cambridge Heart will pay the Executive a final salary payment for the period from October 1, 2006 through the Separation Date (the “Final Salary Payment”) and $16,640.76 for unused vacation leave (the “Unused Vacation Payment”). The Executive acknowledges that payment of the Final Salary Payment and the Unused Vacation Payment shall constitute payment in full of all amounts due to the Executive from Cambridge Heart for accrued wages, benefits (including, without limitation, accrued, unused vacation leave, earned commissions and scheduled advances) and any other payments accrued through the Separation Date or to which the Executive is otherwise entitled in connection with the Executive’s employment with Cambridge Heart or the termination of such employment, except for payments expressly provided for in this Agreement.
Final Salary Payment. The Company has paid to Executive on September 24, 2012 his final salary payment in an amount equal to his current base salary rate through his Termination Date. This payment is made without regard to whether Executive executes this Agreement and Release.
Final Salary Payment. The salary due an Officer upon termination of employment 19 shall be paid on or before the next payday following termination.
Final Salary Payment. On the Separation Date, June 30, 2014, Company will pay you all accrued salary, subject to standard payroll deductions and withholdings. You will receive this payment regardless of whether or not you sign this Agreement. In addition, the company will pay you a onetime lump sum payment of $100,000. Because employees at your level in the Company do not accrue vacation or other paid time off, no payment for accrued or unused vacation or paid time off is owed or will be provided.
Final Salary Payment. You will receive, on or before the next regular Company payday following the Separation Date, pay for all work you performed for the Company through the Separation Date, to the extent not previously paid, at the Annual Base Salary rate in effect on the Separation Date. You acknowledge that you have no earned but unused vacation days remaining as of the Separation Date; accordingly, you will receive no payment for vacation days. Capitalized terms in this Agreement are used with the meanings set forth in the Employment Agreement between you and the Company dated as of March 20, 2011 and amended as of February 28, 2013 (as amended, the “Employment Agreement”, attached hereto as Exhibit B) unless otherwise defined in this Agreement.
Final Salary Payment. For the month of June 2005, the Company shall be obligated to pay Executive his regular salary of $12,500 per month (the “Final Salary Payment”) within 30 days of the Effectiveness Date. Executive shall have no other entitlement to any salary from the Company for services performed for any period before or following June 2005.
Final Salary Payment. The Employee’s final paycheck will be reduced by the amount of any lawful charge or indebtedness the Employee owes the Company, for any reason, including fees, transactional monies, employee contributions, etc.
