Common use of Disability of the Executive Clause in Contracts

Disability of the Executive. In the event the Executive's employment is terminated as a result of Disability, the Executive shall be entitled to receive his Salary and medical and dental benefits for a period of the lesser of six (6) months or the unexpired portion of the Term, plus an amount equal to fifty percent (50%) of Target Annual Incentive and Target Long-Term Incentive for the year of Disability, reduced by any payments received by the Executive under the Company's executive long-term disability plan.

Appears in 3 contracts

Samples: Employment Agreement (Anthem Inc), Employment Agreement (Anthem Inc), Employment Agreement (Anthem Inc)

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Disability of the Executive. In the event the Executive's ’s employment is terminated as a result of Disability, the Executive shall be entitled to receive his Salary and medical and dental benefits for a period of the lesser of six (6) months or the unexpired portion of the Term, plus an amount equal to fifty percent (50%) of Target Annual Incentive and Target Long-Term Incentive for the year of Disability, reduced by any payments received by the Executive under the Company's ’s executive long-term disability plan.

Appears in 2 contracts

Samples: Employment Agreement (Wellpoint Inc), Employment Agreement (Wellpoint Inc)

Disability of the Executive. In the event the Executive's employment is terminated as a result of Disability, except as otherwise provided herein, the Executive shall be entitled to receive his Base Salary and medical and dental benefits for a period of the lesser of six (6) months or the unexpired portion of the Term, plus an amount equal to fifty percent (50%) of Target Annual Incentive Bonus and Target Long-Term Incentive for the year of Disability, reduced by any payments received by the Executive under the Company's executive long-term disability plan.

Appears in 1 contract

Samples: Employment Agreement (Anthem Inc)

Disability of the Executive. In the event the Executive's employment is terminated as a result of Disability, the Executive shall be entitled to receive his her Salary and medical and dental benefits for a period of the lesser of six (6) months or the unexpired portion of the Term, plus an amount equal to fifty percent (50%) of Target Annual Incentive and Target Long-Term Incentive for the year of Disability, reduced by any payments received by the Executive under the Company's executive long-term disability plan.

Appears in 1 contract

Samples: Employment Agreement (Anthem Inc)

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Disability of the Executive. In the event the Executive's employment is terminated as a result of Disability, the Executive shall be entitled to receive his her Salary and medical and dental benefits for a period of the lesser of six (6) months or the unexpired portion of the Term, plus an amount equal to fifty percent (50%) of Target Annual Incentive and Target Long-Term Incentive for the year of Disability, reduced by any payments received by the Executive under the Company's executive long-term disability plan.

Appears in 1 contract

Samples: Employment Agreement (Anthem Inc)

Disability of the Executive. In the event the Executive's ’s employment is terminated as a result of Disability, the Executive shall be entitled to receive his her Salary and medical and dental benefits for a period of the lesser of six (6) months or the unexpired portion of the Term, plus an amount equal to fifty percent (50%) of Target Annual Incentive and Target Long-Term Incentive for the year of Disability, reduced by any payments received by the Executive under the Company's ’s executive long-term disability plan.

Appears in 1 contract

Samples: Employment Agreement (Anthem Inc)

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