EFFECT OF TERMINATION ATTRIBUTABLE TO DEATH OR DISABILITY Sample Clauses

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EFFECT OF TERMINATION ATTRIBUTABLE TO DEATH OR DISABILITY. In the event Executive's employment is terminated due to Executive's death or disability, then: a. The Company shall pay Executive's accrued but unpaid Annual Salary and vacation time through the effective date of the termination, provided, however, that the Company shall also pay to Executive or Executive's estate twice the amount of executive's then effective Annual Salary as set forth in Section 3(a); b. The Company shall pay to the Executive an Annual Bonus which shall be computed as the greater of the accrued but unpaid Annual Bonus, if any, or an amount which equals the average of Executive's Annual Bonus during the two (2) fiscal years prior to the termination date; c. The Company shall reimburse Executive for any business expenses incurred prior to the effective date of the termination; d. Executive (including Executive's heirs) shall be entitled to continue to participate in any employee benefit plans except to the extent provided in such plans for terminated participants, or as may be required by applicable law.
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EFFECT OF TERMINATION ATTRIBUTABLE TO DEATH OR DISABILITY. TERMINATION BY COMPANY FOR CAUSE;
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EFFECT OF TERMINATION ATTRIBUTABLE TO DEATH OR DISABILITY. In the event Executive's employment is terminated due to Executive's death or disability, then: (a) The Company shall pay Executive's accrued but unpaid Annual Salary and vacation time through the effective date of the termination; (b) The Company shall reimburse Executive for any business expenses incurred prior to the effective date of the termination; and (c) Executive (including Executive's heirs) shall be entitled to continue to participate in any Executive benefit plans except to the extent provided in such plans for terminated participants, or as may be required by applicable law.
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EFFECT OF TERMINATION ATTRIBUTABLE TO DEATH OR DISABILITY. In the event Employee’s employment is terminated due to Employee’s death or disability, then: (a) The Company shall pay Employee’s accrued but unpaid Annual Salary and vacation time through the effective date of the termination. (b) The Company shall reimburse Employee for any business expenses incurred prior to the effective date of the termination;
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EFFECT OF TERMINATION ATTRIBUTABLE TO DEATH OR DISABILITY. In the event Executive's employment is terminated due to Executive's death or disability, then: (a) Company shall pay Executive's accrued but unpaid Annual Salary and vacation time through the effective date of the termination, provided, however, that Company shall also pay to Executive the amount of Executive's then effective Annual Salary as set forth in paragraph 3(a); (b) Company shall pay to the Executive an Annual Bonus which shall be computed as the greater of the accrued but unpaid Annual Bonus, if any, or an amount which equals the average of Executive's Annual Bonus earned during the two (2) fiscal years prior to the termination date; (c) Company shall reimburse Executive for any business expenses incurred prior to the effective date of the termination; (d) Executive (including Executive's heirs) shall be entitled to continue to participate in any employee benefit plans except to the extent provided in such plans for terminated participants, or as may be required by applicable law.
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EFFECT OF TERMINATION ATTRIBUTABLE TO DEATH OR DISABILITY. In the event Executive's employment is terminated due to Executive's death or disability, then: (a) Company shall pay Executive's accrued but unpaid Annual Salary and vacation time through the effective date of the termination, provided, however, that Company shall also pay to Executive or his estate one (1) years Salary at the Executive's then effective Annual Salary as set forth in paragraph 5(a); (b) Company shall pay to the Executive an Annual Bonus which shall be computed as the greater of the accrued but unpaid Annual Bonus, if any, or an amount which equals the average of Executive's Annual Bonus during the three (3) calendar years prior to the termination date; (c) Company shall reimburse Executive for any business expenses incurred prior to the effective date of the termination; (d) Executive (including Executive's heirs) shall be entitled to continue to participate in any employee benefit plans except to the extent provided in such plans for terminated participants, or as may be required by applicable law. (e) Pursuant to paragraph 5(e), Company shall forgive the payment of any and all loans made by Company to Executive. Company shall pay, or shall pay to Executive, an amount equal to any and all taxes, of any kind or nature, that are incurred by Executive as a result of the forgiveness of the loans. (f) Unless otherwise provided in the agreement memorializing them, the vesting conditions imposed on any stock options, warrants or other rights subject to vesting shall be accelerated and shall vest on the date of Executive's termination.
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EFFECT OF TERMINATION ATTRIBUTABLE TO DEATH OR DISABILITY. In the event Executive's employment is terminated due to Executive's death or disability, then: (a) Company shall pay Executive's accrued but unpaid annual base salary and vacation time through the effective date of the termination, provided, however, that Company shall also pay to Executive an amount equal to one-half of Executive's then effective annual base salary as set forth in paragraph 3(a); (b) Company shall pay to the Executive any accrued but unpaid bonus; (c) Company shall reimburse Executive for any business expenses incurred prior to the effective date of the termination; (d) Executive (including Executive's heirs) shall be entitled to continue to participate in any employee benefit plans to the extent provided in such plans for terminated participants, or as may be required by applicable law.
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Related to EFFECT OF TERMINATION ATTRIBUTABLE TO DEATH OR DISABILITY

  • Effect of Termination of Service Except as otherwise provided in accordance with Section 4(b) above, if you cease to be a Service Provider, you will forfeit all unvested Units.

  • Termination on Death or Disability If the employment of the Executive is terminated due to the Executive’s death or Disability, the Company shall have no further liability or further obligation to the Executive except that the Company shall pay or provide to the Executive (or, if applicable, the Executive’s estate or designated beneficiaries under any Company-sponsored employee benefit plan in the event of his death) the following compensation and benefits: (i) The Accrued Obligations, at the times provided and subject to the conditions set forth in Section 8(a)(i) above; (ii) An amount equal to the Cash Bonus at the Target Percentage for which the Executive is eligible for the year in which the Executive’s death or Disability occurs, prorated for the portion of such year during which the Executive was employed by the Company prior to the Executive’s death or termination of employment due to Disability (less any payments in respect of such Cash Bonus related to that performance year received by the Executive during such year), such amount to be paid within thirty (30) days after the Executive’s death or such termination of employment due to Disability; (iii) Any and all outstanding Unvested Shares shall immediately vest and any restrictions thereon shall immediately lapse upon the Executive’s death or termination of employment due to Disability (the acceleration of any other equity incentives granted to the Executive under any equity incentive plan of the Guarantor in connection with the termination of the Executive’s employment due to death or Disability shall be governed by the applicable plan and related grant documents); and (iv) If the Executive is eligible for and elects to receive continued coverage under the Company’s medical and health benefits plan(s) in accordance with the provisions of COBRA for the Executive and, if applicable, the Executive’s eligible dependents, or if the Executive’s eligible dependents are eligible for such continued coverage due to the Executive’s death, then the Company shall reimburse the Executive or such dependents for a period of eighteen (18) months following the Executive’s termination of employment due to death or Disability (or, if less, for the period that the Executive or any such dependent is eligible for such COBRA continuation coverage) for the excess of (A) the amount that the Executive or any such dependent is required to pay monthly to maintain such continued coverage under COBRA, over (B) the amount that the Executive would have paid monthly to participate in the Company’s group health benefits plan(s) had the Executive continued to be an employee of the Company.

  • Termination Effect of Termination 83 21.1. Termination................................................83 21.2. Effect of Termination......................................84

  • Effect of Termination for Cause In the event the Executive’s employment shall be terminated for Cause pursuant to Section 5.1 hereof, the Company shall pay the Executive his salary through the date of termination.

  • Effect of Termination of Employment (a) Upon the effective date of termination of the Employee's employment pursuant to Section 6, Section 7(a) or Section 7(c) hereof, neither the Employee nor the Employee's beneficiaries or estate shall have any further rights under this Agreement or any claims against the Corporation arising out of this Agreement, except the right to receive, within 30 days of the Termination Date: (i) the unpaid portion of the Base Salary provided for in Section 5(a), computed on a pro rata basis to the Termination Date; (ii) reimbursement for any expenses for which the Employee shall not have theretofore been reimbursed, as provided in Section 5(d); and (iii) the unpaid portion of any amounts earned by the Employee prior to the Termination Date pursuant to any Benefit Arrangement; provided, however, unless specifically provided otherwise in this Section 8, the Employee shall not be entitled to receive any benefits under a Benefit Arrangement that have accrued during a fiscal year if the terms of such Benefit Arrangement require that the beneficiary be employed by the Corporation as of the end of such fiscal year. (b) Upon the termination of the Employee's employment pursuant to Section 7(b), neither the Employee nor the Employee's beneficiaries or estate shall have any further rights under this Agreement or any claims against the Corporation arising out of this Agreement, except the right to receive: (i) the unpaid portion of the Base Salary, computed on a pro rata basis, for the period from the Commencement Date until the first anniversary of the Termination Date, payable in such installments as the Base Salary was paid prior to the Termination Date; and (ii) the payments, if any, referred to in Sections 8(a)(ii) and (iii). (c) The Employee's obligations under Sections 9, 10 and 11 of this Agreement, and the Corporation's obligations under this Section 8, shall survive the termination of this Agreement and the termination of the Employee's employment hereunder.