Common use of Compensation Payable Clause in Contracts

Compensation Payable. Should your employment with Universal terminate, you will be entitled to the amounts and benefits shown on the following table, subject to Paragraphs 4(b) through 4(f). In the event of such termination, and except for payments noted in this Paragraph 4 in general and 4(f) in particular if applicable, Universal will have no further obligations to you under this Agreement. ---------------------------------------------------------------------------------------------------- Termination For Cause Involuntary Disability Death Termination ---------------------------------------------------------------------------------------------------- (1) any Same as for Same as for termination Payment of (1) any accrued accrued but unpaid termination for for Cause except that but unpaid Base Salary due Base Salary due you Cause except that your Base Salary will you through your date of through termination, your Base Salary continue until the death, and (2) a pro-rata and (2) other unpaid and benefits earliest of (1) the portion of your bonus for amounts then due you (other than 180th day following the the year of your under Company benefit benefits provided start of your disability termination and (3) other plans or programs. under (1) any plan absence, or (2) your unpaid amounts then due qualified under death and will be you under Company benefit Section 401(a) of reduced by other plans or programs, except the Internal Company-provided that those payments will Revenue Code, (2) disability benefits be made to your estate or any nonqualified available to you. legal representative, and pension plan and Payment of a pro-rata your death benefits (3) any stock or portion of your bonus payable due to your death incentive based for the year of your under Company employee plan) will also termination. benefit plans or programs continue through will also be paid. the expiration of the Term, provided you meet the requirements in Paragraph 5 and subject to the terms and conditions of each benefit plan. ----------------------------------------------------------------------------------------------------

Compensation Payable. Should your employment with Universal terminate, you will be entitled to the amounts and benefits shown on the following table, subject to Paragraphs 4(b) through 4(f4(e). In the event of such termination, and except for payments noted in this Paragraph 4 in general and 4(f) in particular if applicable4, Universal will have no further obligations to you under this Agreement. ---------------------------------------------------------------------------------------------------- Termination Involuntary For Cause Involuntary Termination Disability Death Termination ---------------------------------------------------------------------------------------------------- (1) any Same as for Same as for termination Your Base Salary will Payment of (1) any accrued accrued but unpaid termination for for Cause except that continue until the but unpaid Base Salary due Base Salary due you Cause except that your Base Salary will earliest of (1) the you through your date of through termination, your Base Salary continue until 180th day following the death, and (2) a pro-rata other and (2) other unpaid and benefits earliest of (1) the portion start of your bonus for disability unpaid amounts then due amounts then due you (other than 180th day following the the year of absence, or (2) your you under Company benefit under Company benefit benefits provided start of your disability termination death and (3) other will be plans or programs, except plans or programs. under (1) any plan absence, or (2) your unpaid amounts then due reduced by other that those payments will qualified under death and will Company-provided be you under Company benefit made to your estate or Section 401(a) of reduced by other plans or programsdisability benefits legal representative, except and the Internal Company-provided that those payments will available to you. your death benefits Revenue Code, (2) disability benefits be made Payment of (1) any payable due to your estate or death any nonqualified available to you. legal representative, and accrued but unpaid Base under Company employee pension plan and Payment of a pro-rata your death benefits Salary due you through benefit plans or programs (3) any stock or portion of your bonus payable due to your death incentive based for the year of your under Company employee plantermination, and (2) will also termination. benefit plans or programs continue through will also be paid. incentive based other unpaid amounts plan) will also then due you under continue through Company benefit plans or the expiration of programs. the Term, provided you meet the requirements in Paragraph 5 and subject to the terms and conditions of each benefit plan. ----------------------------------------------------------------------------------------------------

Compensation Payable. Should your employment with Universal terminate, you will be entitled to the amounts and benefits shown on the following table, subject to Paragraphs 4(b) through 4(f4(e). In the event of such termination, and except for payments noted in this Paragraph 4 in general and 4(f) in particular if applicable4, Universal will have no further obligations to you under this Agreement. ---------------------------------------------------------------------------------------------------- Termination For Cause Involuntary Disability Death Termination ---------------------------------------------------------------------------------------------------- (1) any Same as for Same as for termination Payment of (1) any accrued accrued but unpaid termination for for Cause except that but unpaid Base Salary due Base Salary due you Cause except that your Base Salary will you through your date of through termination, your Base Salary continue until the death, and (2) a pro-rata other and (2) other unpaid and benefits earliest of (1) the portion of your bonus for unpaid amounts then due amounts then due you (other than 180th day following the the year of your you under Company benefit under Company benefit benefits provided start of your disability termination and (3) other plans or programs, except plans or programs. under (1) any plan absence, or (2) your unpaid amounts then due that those payments will plan qualified under death and will be you under Company benefit Section 401(a) of reduced by other plans or programs, except the Internal Company-provided that those payments will Revenue Code, (2) disability benefits be made to your estate or under Section reduced by other legal representative, and 401(a) of the Company-provided your death benefits Internal Revenue disability benefits payable due to your death Code, (2) any nonqualified available to you. legal representative, and under Company employee nonqualified benefit plans or programs pension plan and Payment of a pro-rata your death benefits will also be paid. (3) any stock or portion of your bonus payable due to your death incentive based for the year of your under Company employee plan) will also termination. benefit plans or programs continue through will also be paid. the expiration of the Term, provided you meet the requirements in Paragraph 5 and subject to the terms and conditions of each benefit plan. ----------------------------------------------------------------------------------------------------

Compensation Payable. Should your employment with Universal -------------------- terminate, you will be entitled to the amounts and benefits shown on the following table, subject to Paragraphs Paragraph 4(b) through 4(f4(e). In the event of such termination, and except for payments noted in this Paragraph 4 in general and 4(f) in particular if applicable4, Universal will have no further obligations to you under this Agreement. ---------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Termination For Cause Involuntary Disability Death For Cause Termination ---------------------------------------------------------------------------------------------------- (1) any -------------------------------------------------------------------------------- Payment of Same as for Same as for termination Your Base Salary Payment of (1) any accrued (1) any termination will continue accrued but unpaid termination for accrued but for Cause except that but unpaid until the Base Salary due Base Salary due you Cause unpaid except that earliest of (1) you through your Base Salary will you through your Base the 180th day date of through termination, your Base Salary continue until the death, and due you Salary and following the (2) a pro-rata other unpaid through benefits start of your amounts then due termination, (other than disability you under Company and (2) other unpaid and benefits earliest of (1) the portion of your bonus for amounts then due you (other than 180th day following the the year of your under Company benefit benefits provided start of your disability termination and (3) other plans or programs. under (1) any plan absence, or (2) benefit plans or unpaid provided your unpaid death and programs, except amounts then due qualified under death and (1) any will be reduced that those due you under plan by other payments will be Company qualified Company-provided made to your benefit plans under Section disability estate or legal or programs. 401(a) of reduced by other plans or programsthe benefits representative, except the Internal Company-provided that those payments will available to and your death Revenue Code, you. Payment of benefits payable (2) disability benefits be made any (1) any accrued due to your estate or any death nonqualified available to you. legal representative, and but unpaid Base under Company pension plan Salary due you employee benefit and Payment of a pro-rata your death benefits (3) any stock or portion of your bonus payable due to your death incentive based for the year of your under Company employee plan) will also termination. benefit through plans or programs continue through stock or termination, and will also be paid. incentive (2) other unpaid based plan) amounts then due will also you under continue Company benefit through the plans or expiration of programs. the Term, provided you meet the requirements in Paragraph 5 and subject to the terms and conditions of each benefit plan. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------