Death or Total Disability of Executive. Upon Executive's death or becoming permanently and totally disabled (as defined in accordance with Internal Revenue Code Section 22(e)(3) or its successor provision) while Executive is an employee or consultant of the Company, then (i) employment hereunder shall automatically terminate and all payments of compensation by the Company to Executive hereunder shall immediately terminate (except as to amounts already earned), and all vesting of Executive's stock options and restricted stock shall terminate immediately.
Appears in 3 contracts
Samples: Management Retention Agreement (Kla Tencor Corp), Dickerson Management Retention Agreement (Kla Tencor Corp), Claflin Employment Agreement (3com Corp)
Death or Total Disability of Executive. Upon Executive's ’s death or becoming permanently and totally disabled (as defined in accordance with Internal Revenue Code Section 22(e)(3) or its successor provision) Disability while Executive is an employee or consultant of the Company, then (i) employment hereunder shall automatically terminate and all payments of compensation by the Company to Executive hereunder shall immediately terminate (except as to amounts already earned), and all vesting of Executive's ’s stock options and restricted stock shall terminate immediately.
Appears in 3 contracts
Samples: Matthew Medeiros Employment Agreement (Sonicwall Inc), Medeiros Employment Agreement (Sonicwall Inc), Severance Agreement and Release (Sonicwall Inc)
