Common use of If by Death or Disability Clause in Contracts

If by Death or Disability. If Executive dies or if Executive has a Separation from Service by reason of Executive’s Disability, the SemGroup Parties’ sole obligation to Executive under this Article II shall be to pay Executive a lump-sum cash amount equal to all Accrued Obligations determined as of the Termination Date.

Appears in 3 contracts

Sources: Severance Agreement (SemGroup Corp), Severance Agreement (SemGroup Corp), Severance Agreement (SemGroup Corp)