Termination by Reason of Disability or Death. Executive’s employment may be terminated effective upon the Company’s delivery to Executive of a Notice of Termination if Executive becomes Disabled and will automatically terminate upon Executive’s death. Upon termination of Executive’s employment for either Disability or death, Executive or Executive’s estate (as the case may be) will receive:
Termination by Reason of Disability or Death. If the Executive’s employment shall terminate by reason of his Disability (pursuant to Section 6(a)(ii)) or death (pursuant to Section 6(a)(i)), then the Company shall pay to the Executive (or Executive’s estate) when bonuses are paid for the year of termination a pro-rated amount of the Executive’s Bonus for the fiscal year in which the Date of Termination occurs equal to the product of (i) the amount of the Bonus the Executive would have otherwise earned had he been employed by the Company on the last day of the fiscal year in which the Date of Termination occurs and (ii) the ratio of (A) the number of days elapsed during such fiscal year prior to the Date of Termination to (B) 365 (the “Pro-Rata Bonus”), and provide the Executive (and his eligible dependents), as applicable, with the continued health coverage described in Section 7(b)(ii).
Termination by Reason of Disability or Death. If Executive’s employment with the Company is terminated during the Employment Term by reason of Executive’s Disability or death, the Company will pay and/or provide Executive or Executive’s legal representative, as the case may be, (i) the Accrued Obligations; (ii) a pro-rated incentive award pursuant to the terms of the Bank’s Executive Short Term Incentive Plan; and (iii) a pro-rated incentive award pursuant to the terms of the Bank’s Executive Long Term Incentive Plan.
Termination by Reason of Disability or Death. If the Executive's employment shall terminate by reason of his Disability (pursuant to Section 6(a)(ii)) or death (pursuant to Section 6(a)(i)), then (i) the Company shall pay to the Executive (or Executive's estate) a pro-rated amount of the Executive's Target Bonus for the Contract Year in which the Date of Termination occurs (the "Pro-Rata Bonus"); (ii) all Retention Options and Retention RSUs not vested or exercisable as of the Date of Termination shall thereupon be forfeited; provided, that in the alternative the Committee may, in its sole discretion, cause all or any portion of any Retention Options or Retention RSUs then held by the Executive to become vested and exercisable effective as of the Date of Termination; and (iii) all Options and RSUs (other than Retention Options and the Retention RSUs) then held by the Executive shall be or become vested and shall remain exercisable in accordance with the terms of the applicable Option or RSU agreement.
Termination by Reason of Disability or Death. (a) If, on account of physical or mental disability, Employee shall fail or be unable to perform his assigned duties in any material respect for a period of (i) sixty (60) consecutive days, or (ii) an aggregate of ninety (90) days during any twelve (12) month period, the Company may, at its option, thereafter terminate this Agreement and Employee's employment hereunder upon giving at least thirty (30) days written notice to Employee.
Termination by Reason of Disability or Death. If the Executive's employment with the Company is terminated during the Employment Term by reason of the Executive's Disability or death, the Company will pay and/or provide the Executive or the Executive's legal representative, as the case may be, with the following: (i) the Executive's Annual Base Salary as then in effect through the Termination Date (ii) a fraction of the Annual Bonus paid to the Executive for the fiscal year preceding the Termination Date determined by multiplying the prior year's Annual Bonus by a fraction, the numerator of which shall equal the number of days during such fiscal year preceding the Termination Date, and the denominator of which shall equal three hundred sixty-five (365) and (iii) all benefits to which the Executive is entitled under any benefit plans set forth in Section 5 hereof in accordance with the terms of such plans through the Termination Date. Payment of the amount set forth in subparagraph (ii) hereof shall be made within thirty (30) days after the Termination Date.
Termination by Reason of Disability or Death. If Executive's -------------------------------------------- employment with the Company is terminated during the Employment Term by reason of Executive's Disability or death, the Company will pay and/or provide Executive or Executive's legal representative, as the case may be, with the following: (i) in a lump sum within ten days after compliance with subsection (d) hereof, the Accrued Obligations and (ii) all benefits to which Executive is entitled under any benefit plans set forth in Section 5 hereof in accordance with the terms of such plans through the Termination Date. In addition, if Executive's employment with the Company is terminated during the Employment Term by reason of Executive's Disability, Executive shall receive a monthly amount equal to one-twelfth of the sum of (a) his Annual Base Salary plus (b) the average of the Annual Bonuses - - earned by Executive for the two fiscal years preceding the fiscal year in which the Termination Date occurs (including for this purpose bonuses earned while Executive was employed by Xxxxxxxx & Ilsley Corporation if Executive has not received two Annual Bonuses from the Company) (the "Average Bonus") reduced by (c) any monthly payments received from the - Company's short- or long-term disability plans and (d) any monthly payments - to which Executive is entitled from any governmental social security, workers compensation or similar plan (the "Supplemental Disability Payments"), for the shorter of (A) 12 months or (B) the remaining number of full months between the Termination Date and the third anniversary of the IPO. Nothing contained herein shall prevent continued disability payments for a further period under the terms of any short- or long-term disability plans maintained by the Company after the Supplemental Disability Payments terminate. However, any time periods applicable to disability payments under such plans shall start when such Supplemental Disability Payments commence. For example, if Executive receives 12 months of Supplemental Disability Payments and the Company's long-term disability plan limits payments for certain types of disabilities to two years, Executive will only be entitled to an additional one year of payments for such disability under the Company's plan assuming Executive otherwise meets the criteria for such payments.
Termination by Reason of Disability or Death. If Executive's employment shall terminate by reason of Executive's Disability (pursuant to Section 6(a)(ii)) or death (pursuant to Section 6(a)(i)), and subject (is the case of a termination due to Executive's disability) to the Company's receipt of a general release in its customary form, the Company shall pay to Executive, in a lump sum cash payment as soon as practicable following the Date of Termination, all unpaid Base Salary due for the period prior to Termination plus the prorated portion of the unpaid Bonus to which Executive would otherwise be entitled for the compensation period of termination and, if there is a period of time during which Executive is not being paid Salary and not receiving long-term disability insurance payments, the Committee may, in its discretion, determine that the Company shall make interim payments to Executive until commencement of disability insurance payments.
Termination by Reason of Disability or Death. If Executive's employment with the Company is terminated during the Employment Term by reason of Executive's Disability or death, the Company will pay and/or provide Executive or Executive's legal representative, as the case may be, with the following: (i) Executive's Base Salary as then in effect through the Termination Date in a lump sum within thirty days after the Termination Date, (ii) no later than the date on which the other senior executives would receive their Annual Bonus payments and after compliance with subsection (d) hereof, a fraction of the Annual Bonus that would have been earned by Executive for the fiscal year including the Termination Date, paid or accrued in accordance with Section 4(b) hereof, determined by multiplying the Annual Bonus which would have been earned absent death or Disability by a fraction, the numerator of which shall equal the number of days during such fiscal year preceding the Termination Date, and the denominator of which shall equal three hundred sixty-five (365) and (iii) all benefits to which Executive is entitled under any benefit plans or programs of the Company in accordance with the terms of such plans or programs through the Termination Date.
Termination by Reason of Disability or Death. In the event that Employee's employment with the Company terminates as a result of Employee's Disability (as defined below), or as a result of Employee's death, the Applicable Party (as defined below) shall be entitled to (1) in the case of Disability, Disability benefits in an annual amount equal to at least 60% of his Base Salary in the year of Termination, payable on the same schedule as his Base Salary, until the earlier of his death or 65th birthday (to be offset by any payments received from any other Company provided disability program), (2) a lump-sum payment equal to the pro-rata portion of Employee's Target Bonus in effect for the portion of the calendar year in which termination of employment occurs, payable within 30 days of the date of termination, (3) a lump sum payment equal to 6 months of Base Salary, in the case of Disability to be offset against Disability Benefits provided in (1) above, and (4) the immediate vesting of all stock options with the right to exercise any vested stock options pursuant to the Plan for a period of 12 months following termination of employment. For purposes of this Section 7(b)(iv), "Applicable Party" shall mean, in the event of Employee's Disability (as defined below), Employee (or his legal representative if any has been appointed) or, in the event of Employee's death, the beneficiary designated by Employee in writing to the Company (or if there is no such other beneficiary, Employee's estate).
