Common use of INVOLUNTARY TERMINATION WITHOUT CAUSE OR DISABILITY Clause in Contracts

INVOLUNTARY TERMINATION WITHOUT CAUSE OR DISABILITY. In the event that NWL terminates the Executive’s employment with NWL for any reason other than as described in Sections 3(b) or 3(c) above, and such termination does not occur within three years after a Change in Control, then, after executing the release of claims described in Section 6(d), the Executive shall be entitled to receive the following payments and benefits:

Appears in 4 contracts

Sources: Change in Control & Severance Agreement (National Western Life Group, Inc.), Change in Control & Severance Agreement (National Western Life Group, Inc.), Change in Control & Severance Agreement (National Western Life Group, Inc.)

INVOLUNTARY TERMINATION WITHOUT CAUSE OR DISABILITY. In the event that NWL terminates the Executive’s employment with NWL for any reason other than as described in Sections 3(b) or 3(c) above, and such termination does not occur within three years after a Change in Control, then, after executing the release of claims described in Section 6(d6(e), the Executive shall be entitled to receive the following payments and benefits:

Appears in 1 contract

Sources: Change in Control & Severance Agreement (National Western Life Group, Inc.)