Common use of FOR REASON OF DISABILITY Clause in Contracts

FOR REASON OF DISABILITY. In the event of Executive’s Termination of Service for reason of Disability, Executive (or if Executive while benefits remain due under this Agreement, Executive’s beneficiaries as designated in accordance with the provisions of Section 12 herein) shall be entitled to receive the following upon such Termination of Service: (i) Payment immediately upon Executive’s Termination of Service of any previously unpaid Base Salary; (ii) Continued participation in fringe benefits and perquisites for twenty-four (24) months as described in Section 5(d) herein, as available to Executive immediately prior to Executive’s Termination of Service. If continued participation in one or more of these fringe benefits is not possible due to legal or other constraints the Company shall provide Executive with sufficient funds on a monthly basis to enable Executive to secure fringe benefits, on an after-tax basis, substantially similar to those which Executive was entitled to immediately prior to Executive’s Termination of Service; (iii) Performance of Company obligations with respect to Executive’s exercise of any stock options or other rights previously granted to Executive under the Company’s Long-Term Incentive Plan, provided such options or other rights have vested in accordance with any agreement between the Company and Executive covering such options or other rights; and (iv) Payment of any life insurance, Disability, or other benefits provided to Executive by the Company in accordance with the terms and conditions of such benefits and this Agreement.

FOR REASON OF DISABILITY. In the event of Executive’s Termination of Service for reason of Disability, Executive (or if Executive while benefits remain due under this Agreement, Executive’s beneficiaries as designated in accordance with the provisions of Section 12 herein) shall be entitled to receive the following upon such Termination of Service: (i) Payment immediately upon Executive’s Termination of Service of any previously unpaid Base Salary; (ii) Continued participation in fringe benefits and perquisites for twenty-four (24) months as described in Section 5(d) herein, as available to Executive immediately prior to Executive’s Termination of Service. If continued participation in one or more of these fringe benefits is not possible due to legal or other constraints the Company shall provide Executive with sufficient funds on a monthly basis to enable Executive to secure fringe benefits, on an after-tax basis, substantially similar to those which Executive was entitled to immediately prior to Executive’s 's Termination of Service; (iii) Performance of Company obligations with respect to Executive’s exercise of any stock options or other rights previously granted to Executive under the Company’s Long-Term Incentive Plan, provided such options or other rights have vested in accordance with any agreement between the Company and Executive covering such options or other rights; and (iv) Payment of any life insurance, Disability, or other benefits provided to Executive by the Company in accordance with the terms and conditions of such benefits and this Agreement.