Termination Due to Disability or Death. SunGard may terminate Executive’s employment immediately upon notice if Executive has incurred a Disability; provided, however, that SunGard shall continue to pay Executive’s Base Salary, which shall be reduced by any disability income benefits received by Executive from SunGard or any insurance plans maintained by SunGard, and shall continue to provide to Executive all benefits then in effect and due under this Agreement until SunGard acts to terminate Executive’s employment due to a Disability. If SunGard terminates Executive’s employment due to a Disability, or if Executive dies while employed by SunGard, then (a) after Executive’s Date of Termination, no further payments and benefits shall be due under Section 1 of this Agreement, and (b) Executive (or Executive’s Beneficiary) shall receive all Accrued Compensation.
Appears in 5 contracts
Sources: Executive Employment Agreement, Executive Employment Agreement (Sungard Data Systems Inc), Executive Employment Agreement (Sungard Data Systems Inc)
Termination Due to Disability or Death. SunGard Employer may terminate Executive’s employment immediately upon notice if Executive has incurred a Disability; provided, however, that SunGard Employer shall continue to pay Executive’s Base Salary, which shall be reduced by any disability income benefits received by Executive from SunGard the Employer or any insurance plans maintained by SunGardEmployer, and shall continue to provide to Executive all benefits then in effect and due under this Agreement until SunGard Employer acts to terminate Executive’s employment due to a Disability. If SunGard Employer terminates Executive’s employment due to a Disability, or if Executive dies while employed by SunGardEmployer, then (a) after Executive’s Date of Termination, no further payments and benefits shall be due under Section 1 of this Agreement, and (b) Executive (or Executive’s Beneficiary) shall receive all Accrued Compensation.
Appears in 3 contracts
Sources: Executive Employment Agreement (Sungard Data Systems Inc), Executive Employment Agreement (Sungard Data Systems Inc), Executive Employment Agreement (Sungard Data Systems Inc)