Benefits Upon Termination of Employment Due to Total Disability Sample Clauses

Benefits Upon Termination of Employment Due to Total Disability. In the event the Participant’s employment with the Bank is terminated due to “total disability” (as 1 Commencing on the effective date of this Agreement. defined in Section 5.4 of the Plan), the Bank shall pay to the Participant a certain percentage of the retirement benefits granted by the Bank in subsection 1(a) of this Agreement. The amount of the annual retirement benefit payable by the Bank to the Participant pursuant to this subsection 1(e) shall be identical to that specified in the vesting schedule set forth in subsection 1(c) above concerning termination without cause.
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Benefits Upon Termination of Employment Due to Total Disability. In the event Executive’s employment with the Bank is terminated due to “total disability,” the Bank shall pay to Executive the same retirement benefits as are specified in Section 2.4 above concerning termination without cause.
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Benefits Upon Termination of Employment Due to Total Disability. In the event the Participant's employment with the Bank is terminated due to "total disability" (as defined herein), the Bank shall pay to the Participant an annual retirement of $70,000 per year, minus any amounts payable to the Participant under any other disability insurance or plan provided by the Bank. Such retirement payments shall be payable by the Bank for fifteen (15) consecutive years in one hundred eighty (180) equal monthly installments commencing upon the first business day of the month following the Participant's retirement date (as set forth in subsection 1 (a) hereof) with the Bank and continuing on the first business day of each month thereafter until the specified number of installments have been paid in full. In the event the Participant has entered into a written employment agreement with the Bank, then, solely for the purpose of determining benefits to be paid under this Agreement, "total disability" shall have the same definition as that set forth in such employment agreement. If the Participant has not entered into a written employment agreement with the Bank (or if "total disability" is not defined in such employment agreement), then, solely for the purpose of determining benefits to be paid under this Agreement, "total disability" shall be defined as the inability of the Participant to engage in his regular duties as an employee of the Bank by reason of any medically determined physical or mental impairment for a period of one hundred eighty (180) consecutive days or more. If there should be a dispute between the Bank and the Participant as to the Participant's physical or mental disability for purposes of this Agreement, the question shall be settled by the opinion of an impartial reputable physician or psychiatrist agreed upon by the parties or their representatives, or if the parties cannot agree within ten (10) days after a request for designation of such party, then by a physician or psychiatrist designated by the San Diego County Medical Association. The certification of such physician or psychiatrist as to the question in dispute shall be final and binding upon the Bank and the Participant.
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Related to Benefits Upon Termination of Employment Due to Total Disability

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following:

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Termination of Employment Due to Disability If the Executive’s employment is terminated due to Disability during the Term of Employment, either by the Company or by the Executive, the Term of Employment shall end as of the date of the termination of the Executive’s employment and the Executive shall be entitled to the following:

  • Payments Upon Termination of Employment (a) If Executive's employment with the Company is terminated by reason of:

  • Rights Upon Termination of Employment The terms which regulate the treatment of the International Participant's Restricted Stock Units upon termination of employment are set out in the Plan and in the Award Documents. In summary, upon the International Participant's termination of employment for any reason other than death, Disability or Retirement, any unvested Restricted Stock Units shall be forfeited and cancelled on the date of such termination of employment.

  • Termination of Employment Due to Death or Disability 4.1. In the event of your termination of employment due to death or permanent disability (within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986 (the “Code”)) during the Initial Term or the Additional Term, on the date of such termination each outstanding and unvested equity award held by you that, pursuant to its terms, vests solely based upon providing continued service to Skyworks, including, without limitation, stock options, restricted stock awards (including restricted stock unit awards), and performance-based equity awards that are earned but unissued, shall automatically become vested, exercisable, and issuable, and any forfeiture restrictions thereon shall immediately lapse, as applicable, in each case, with respect to one-hundred percent (100%) of that number of then-unvested shares underlying such equity award.

  • Compensation and Benefits Upon Termination of Employment (a) If the Company shall terminate the Executive's employment after a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d) and Section 3(f), or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive, as severance compensation and in consideration of the Executive's adherence to the terms of Section 5 hereof, the following:

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

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