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 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.