Common use of Termination due to Death or Total Disability Clause in Contracts

Termination due to Death or Total Disability. In the event that the Employee’s employment is terminated due to the Employee’s death or by the Company as a result of the Employee being deemed to be Totally Disabled, the Company shall pay to the Employee the following amounts and nothing else: (i) any accrued but unpaid Salary for services rendered to the date of termination; and (ii) an amount equal to the Salary at the time of such termination, payable each month, over a six month period beginning thirty (30) days after the date of such termination in accordance with Section 3(a) above.

Appears in 8 contracts

Sources: Employment Agreement (Boxscore Brands, Inc.), Employment Agreement (Boxscore Brands, Inc.), Employment Agreement (U-Vend, Inc.)

Termination due to Death or Total Disability. In the event that the Employee’s employment is terminated due to the Employee’s death or by the Company as a result of the Employee being deemed to be Totally Disabled, the Company shall pay to the Employee the following amounts and nothing else: (i) any accrued but unpaid Salary for services rendered to the date of termination; and (ii) an amount equal to the Salary at the time of such termination, payable each month, over a six month one (1) year period beginning thirty (30) days after the date of such termination in accordance with Section 3(a) above.

Appears in 2 contracts

Sources: Employment Agreement (Mojo Organics, Inc.), Employment Agreement (Mojo Organics, Inc.)