Accrued Base Compensation

Accrued Base Compensation. The following amounts of compensation for services rendered to the Company that have been earned through the date of the Executive'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 Executive on behalf of the Company during the period ending on such date, and (iii) vacation pay; provided, however, that Accrued Base 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 Executive. View More

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 Base 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