Common use of EFFECT OF TERMINATION ATTRIBUTABLE TO DEATH OR DISABILITY Clause in Contracts

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;

Appears in 3 contracts

Sources: Employment Agreement (Secured Diversified Investment LTD), Employment Agreement (Secured Diversified Investment LTD), Employment Agreement (Secured Diversified Investment LTD)