Accrued Base Compensation

Example Definitions of "Accrued Base Compensation"
Accrued Base Compensation. All amounts of compensation for services rendered to the Company that have been earned or accrued through the date of the Employee's termination of employment but that have not been paid as of such date including (i) Base Salary, (ii) reimbursement for reasonable and necessary business expenses incurred by the Employee on behalf of the Company during the period ending on such date, and (iii) vacation pay; provided, however, that Accrued Compensation shall not include any amounts described in... clause (i) that have been deferred pursuant to any salary reduction or deferred compensation elections made by the Employee. View More
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