Common use of Benefits Payable Upon Disability Clause in Contracts

Benefits Payable Upon Disability. If the Company terminates the employment of the Executive under subsection 6(a)(ii) by reason of disability, the Company shall pay to the Executive, the amount of long-term disability benefits required to be maintained under subsection 5(d)(ii), if any, for so long as the Executive is disabled and remains entitled to benefits under the LTD Plan. Upon the Date of Termination because of disability, there shall be pro-rata vesting of the Executive's bonus compensation for the year of termination and the Executive shall be paid a pro-rata bonus in a cash lump sum within five days from the Date of Termination, determined by multiplying the bonus paid or payable to the Executive for the prior fiscal year by a fraction, the numerator of which is the number of days from the beginning of the fiscal year in which the Date of Termination occurs until the Date of Termination, and the denominator of which is 365 (a pro-rata bonus determined in this manner is referred to in subsection 7(e)(A)(II) below as a "Pro-Rata Bonus"). Prior to termination for disability, full compensation and benefits shall continue to be provided to the Executive. After the Date of Termination, the Executive's medical coverage under the Company Compensation Plans shall continue to be provided at Company expense in accordance with the applicable Company plans or practices in effect on the Date of Termination.

Benefits Payable Upon Disability. If the Company terminates the employment of the Executive under subsection 6(a)(ii) by reason of disability, the Company shall pay to the Executive, the amount of long-term disability benefits required to be maintained under subsection 5(d)(ii)5(c)(ii) hereof, if any, for so long as the Executive is disabled and remains entitled to benefits under the LTD Plan. Upon the Date of Termination because of disability, there shall be pro-rata vesting of the Executive's bonus compensation for the year of termination and the Executive shall be paid a pro-rata bonus in a cash lump sum within five days from the Date of Termination, determined by multiplying the bonus paid or payable to the Executive for the prior fiscal year by a fraction, the numerator of which is the number of days from the beginning of the fiscal year in which the Date of Termination occurs until the Date of Termination, and the denominator of which is 365 (a pro-rata bonus determined in this manner is referred to in subsection 7(e)(A)(IISection 7(e)(A)(III) below as a "Pro-Rata Bonus"). Prior to termination for disability, full compensation and benefits shall continue to be provided to the Executive. After the Date of Termination, the Executive's medical coverage under the Company Compensation Plans shall continue to be provided at Company expense in accordance with for the applicable Company plans duration of disability, or practices in effect on the Date until earlier attainment of Terminationage 65.