Common use of Nonqualifying Termination Clause in Contracts

Nonqualifying Termination. (a) If the employment of Executive shall terminate during the term of this Agreement (including any extension of such term), by reason of a Nonqualifying Termination, then Executive shall be paid the Executive’s unpaid base salary from UT through the Date of Termination at the rate in effect just prior to the time a Notice of Termination is given as well as any benefits to which Executive was entitled through the Date of Termination. In addition, in the event that termination of employment is due to Executive’s death or Disability, UT shall continue to pay Executive’s then current Base Salary to Executive (in the case of Disability) or Executive’s legal representatives, estate, beneficiaries or heirs (in the case of death), in accordance with UT’s then-prevailing Executive payroll practices, through the end of the calendar year following Executive’s death or termination due to Disability, but shall have no further obligation to Executive or Executive’s legal representatives, estate, beneficiaries or heirs for any compensation, benefits or other payments hereunder. (b) In the event that termination of employment is due to Executive’s Disability, the payment of benefits under UT’s short-term and long-term disability insurance programs, if any, to the extent payable with respect to any period prior to the Date of Termination, shall offset UT’s obligations under Section 4.1(a). (c) Except as otherwise provided herein or as may be required by law, Executive’s participation in any benefit plans of UT or any of its Affiliates shall terminate as of her Date of Termination.

Nonqualifying Termination. (a) If the employment of Executive shall terminate during the term of this Agreement (including any extension of such term), by reason of a Nonqualifying Termination, then Executive shall be paid the Executive’s 's unpaid base salary from UT through the Date of Termination at the rate in effect just prior to the time a Notice of Termination is given as well as any benefits to which Executive was entitled through the Date of Termination. In addition, in the event that termination of employment is due to Executive’s 's death or Disability, UT shall continue to pay Executive’s 's then current Base Salary to Executive (in the case of Disability) or Executive’s 's legal representatives, estate, beneficiaries or heirs (in the case of death), in accordance with UT’s 's then-prevailing Executive payroll practices, through the end of the calendar year following Executive’s 's death or termination due to Disability, but shall have no further obligation to Executive or Executive’s 's legal representatives, estate, beneficiaries or heirs for any compensation, benefits or other payments hereunder. (b) In the event that termination of employment is due to Executive’s 's Disability, the payment of benefits under UT’s 's short-term and long-term disability insurance programs, if any, to the extent payable with respect to any period prior to the Date of Termination, shall offset UT’s 's obligations under Section 4.1(a). (c) Except as otherwise provided herein or as may be required by law, Executive’s 's participation in any benefit plans of UT or any of its Affiliates shall terminate as of her Date of Dated Termination.