Common use of Disabling Event Clause in Contracts

Disabling Event. If the Employee’s employment is terminated by Company by reason of a Disabling Event, the Employee shall be entitled to receive: (1) all unpaid Base Salary up to the date of the Disabling Event, paid periodically in accordance with Company’s regular payroll practices; (2) pro-rated Short-Term Bonus up to the date of the Disabling Event, based on the amount of the prior fiscal year’s Short-Term Bonus, and any unpaid Short-Term Bonus relating to the fiscal year prior to the fiscal year in which the Disabling Event occurs, paid as soon as practicable following the Disabling Event; (3) (i) pro-rated Long-Term Bonus up to the date of the Disabling Event, based on the amount of the prior fiscal year’s Long-Term Bonus, and any undistributed Long-Term Bonus relating to the fiscal year prior to the fiscal year in which the Disabling Event occurs, distributed as soon as practicable following the Disabling Event, where the restricted stock shall vest immediately and the stock options shall become immediately exercisable and shall remain exercisable through the first anniversary of the Disabling Event and (ii) the lapse of any restrictions on prior year’s grants of restricted stock and acceleration of exercisability on prior year’s grants of stock options; (4) Additional Services Cash Compensation, paid as soon as practicable following the Disabling Event, and Additional Services Stock Compensation shall become immediately exercisable and shall remain exercisable through the first anniversary of the Disability Event; and (5) other benefits provided for in Section 3.4 hereof, which shall continue or be paid or provided to the Employee in accordance with the terms of such plans.

Disabling Event. If the Employee’s 's employment is terminated by Company by reason of a Disabling Event, the Employee shall be entitled to receive: (1) all unpaid Base Salary up to the date of the Disabling Event, paid periodically in accordance with Company’s 's regular payroll practices; (2) pro-rated Short-Term Bonus up to the date of the Disabling Event, based on the amount of the prior fiscal year’s 's Short-Term Bonus, and any unpaid Short-Term Bonus relating to the fiscal year prior to the fiscal year in which the Disabling Event occurs, paid as soon as practicable following the Disabling Event; (3) (i) pro-rated Long-Term Bonus up to the date of the Disabling Event, based on the amount of the prior fiscal year’s 's Long-Term Bonus, and any undistributed Long-Term Bonus relating to the fiscal year prior to the fiscal year in which the Disabling Event occurs, distributed as soon as practicable following the Disabling Event, where the restricted stock shall vest immediately and the stock options shall become immediately exercisable and shall remain exercisable through the first anniversary of the Disabling Event and (ii) the lapse of any restrictions on prior year’s 's grants of restricted stock and acceleration of exercisability on prior year’s 's grants of stock options; (4) Additional Services Cash Compensation, paid as soon as practicable following the Disabling Event, and Additional Services Stock Compensation shall become immediately exercisable and shall remain exercisable through the first anniversary of the Disability Disabling Event; and (5) other benefits provided for in Section 3.4 hereof, which shall continue or be paid or provided to the Employee in accordance with the terms of such plans.