Common use of Compensation Other Than Severance Payments Clause in Contracts

Compensation Other Than Severance Payments. 5.1 Following a Change in Control during the term of this Agreement, during any period that the Executive fails to perform the Executive's full-time duties with the Company as a result of incapacity due to physical or mental illness, the Company shall pay the Executive's full salary to the Executive at the rate in effect at the commencement of any such period, together with all compensation and benefits payable to the Executive under the terms of any compensation or benefit plan, program or arrangement maintained by the Company during such period, until the Executive's employment is terminated by the Company for Disability.

Appears in 9 contracts

Samples: Chief Executive Officer Change in Control Agreement (Educational Video Conferencing Inc), Control Agreement (Picturetel Corp), Control Agreement (Picturetel Corp)

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Compensation Other Than Severance Payments. 5.1 Following a Change in Control and during the term of this Agreement, during any period that if the Executive fails to perform the Executive's full-time duties with the Company as a result of incapacity due to physical or mental illness, the Company shall pay the Executive's full salary to the Executive at the rate in effect at the commencement of any such the relevant period, together with all compensation and benefits payable to the Executive under the terms of any compensation or benefit benefits plan, program or arrangement maintained by the Company during such period, until the Executive's employment is terminated by the Company for Disability.

Appears in 4 contracts

Samples: Agreement (Ikon Office Solutions Inc), Change in Control Agreement (Genentech Inc), Agreement (Union Pacific Resources Group Inc)

Compensation Other Than Severance Payments. 5.1 Following a Change in Control and during the term of this AgreementTerm, during any period that the Executive fails to perform the Executive's full-time duties with the Company as a result of incapacity due to physical or mental illness, the Company (and/or Nobel) shall pay the Executive's full salary to the Executive at the rate in effect at the commencement of any such period, together with all compensation and benefits payable to the Executive under the terms of any compensation or benefit plan, program or arrangement maintained by the Company or Nobel during such period, until the Executive's employment is terminated by the Company for Disability.

Appears in 3 contracts

Samples: Severance Agreement (Nobel Insurance LTD), Severance Agreement (Nobel Insurance LTD), Severance Agreement (Nobel Insurance LTD)

Compensation Other Than Severance Payments. 5.1 Following a Change in Control during the term of this Agreement, during any period that the Executive fails to perform the Executive's full-time duties with the Company as a result of incapacity due to physical or mental illness, the Company shall pay the Executive's full salary to the Executive at the rate in effect at the commencement of any such period, together with all compensation and benefits payable to the Executive under the terms of any compensation or benefit plan, program or arrangement maintained by the Company PictureTel UK Limited during such period, until the Executive's employment is terminated by the Company for Disability.

Appears in 2 contracts

Samples: Change in Control Agreement (Picturetel Corp), Change in Control Agreement (Picturetel Corp)

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Compensation Other Than Severance Payments. 5.1 Following a Change in Control during the term of this Agreement, during any period that the Executive fails to perform the Executive's full-time duties with the Company as a result of incapacity due to physical or mental illness, the Company shall pay the Executive's full salary to the Executive at the rate in effect at the commencement of any such period, together with all compensation and benefits payable to the Executive under the terms of any written employment agreement with Executive or, if there is no such agreement under the terms of any compensation or benefit plan, program or arrangement maintained by the Company during such period, unless and until the Executive's employment is terminated by the Company for Disability.

Appears in 1 contract

Samples: Control Agreement (Evci Career Colleges Inc)

Compensation Other Than Severance Payments. 5.1 Following a Change in Control or a Major Transaction (or, under the terms hereof, the deemed occurrence of such event) and during the term of this Agreement, during any period that the Executive fails to perform the Executive's full-time duties with the Company Corporation as a result of incapacity due to physical or mental illness, the Company Corporation shall pay provide the Executive's full salary Executive with short-term disability, long-term disability and all other benefits equivalent to those available to the Executive at the rate prior to such Change in effect at the commencement of any such period, together with all compensation and benefits payable to the Executive Control or a Major Transaction under the terms of any compensation or benefit plan, program or arrangement maintained by the Company during such period, Employment Agreement until the Executive's employment is terminated by the Company Employer for Disability.

Appears in 1 contract

Samples: Agreement (Northwestern Corp)

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