OTHER THAN FOR CAUSE OR DISABILITY Sample Clauses

OTHER THAN FOR CAUSE OR DISABILITY. If, during the Employment Period, the Company shall terminate Executive’s employment other than for Cause or Disability, or Executive shall terminate employment for Good Reason by giving notice during the 120-day period following the occurrence of the event described in Section 5(c) giving rise to Good Reason:
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OTHER THAN FOR CAUSE OR DISABILITY. If, during the Term, the Company shall terminate the Employee's employment other than for Cause, Disability, or death, the Company shall continue in accordance with the Company's normal payroll procedures to pay Employee his Highest Base Salary for a period of six (6) months from the Date of Termination or for the remaining term of this Agreement, whichever period is shorter (the "Severance Period"). In addition, upon such termination Employee shall receive (a) an amount that equals the product of (i) the bonus paid to Employee for the last fiscal year and (ii) a fraction, the numerator of which is the number of days in the current fiscal year through the Date of Termination and the denominator of which is 365; (b) any compensation previously deferred by Employee (together with any accrued interest thereon) and not yet paid by the Company; and (c) any accrued vacation pay not yet paid by the Company. Any amounts payable to Employee under this Section 5(d) shall be reduced and offset by the amount of any compensation received by Employee for other employment during the Severance Period. During the Severance Period, Employee shall use his best efforts to find employment consistent with the covenants of Employee in the Noninterference Agreement and Sections 7 and 8 hereof. During the Severance Period, or such longer period as any plan, program, practice or policy may provide, the Company shall continue benefits to the Employee and the Employee's family at least equal to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 3(c) of this Agreement if the Employee's employment had not been terminated or provide continuation coverage as set forth under Part 6 of Title I of the Employee Retirement Income Security Act of 1974, as amended, at the option of the Board of Directors of the Company.
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OTHER THAN FOR CAUSE OR DISABILITY. The Company may terminate the Executive’s employment during the CIC Employment Period for any reason in its sole discretion upon written notice to the Executive.
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OTHER THAN FOR CAUSE OR DISABILITY. (not in connection with a Change in Control). If during the term of this Agreement, Employer shall cause Officer to have a separation from service other than for Cause or Disability (other than in connection with a Change in Control as provided in Section 5(g)), then:
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OTHER THAN FOR CAUSE OR DISABILITY. If, during the Change in Control Period, the Company terminates the Executive's employment other than for Cause or Disability, the Company shall be obligated to pay the Executive the salary substitute and the bonus equivalent amounts under Subsections (a) and (b) of Section 4 and to provide the benefits described in Section 5.
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OTHER THAN FOR CAUSE OR DISABILITY. During the Employment Period:
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OTHER THAN FOR CAUSE OR DISABILITY. If, during the Term, the Company shall terminate the Employee's employment other than for Cause, Disability, or death, or Employee shall terminate for Good Reason the Company shall continue in accordance with the Company's normal payroll procedures to pay Employee his Base Salary for a period of twelve (12) months from the Date of Termination or for the remaining term of this Agreement, whichever period is shorter (the "Severance Period"); provided, however, that in no event shall the severance period be shorter than six (6) months. During the Severance Period, the Company shall continue benefits to Employee and the Employee's family at least equal to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 3(b) of this Agreement if the Employee's employment had not been terminated or provide continuation coverage as set forth under Part 6 of Title I of the Employee Retirement Income Security Act of 1974, as amended, at the option of the Board of Directors of the Company.
Sample 1
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Related to OTHER THAN FOR CAUSE OR DISABILITY

  • Good Reason; Other Than for Cause or Disability If, during the Employment Period, the Company terminates the Executive's employment other than for Cause or Disability or the Executive terminates employment for Good Reason:

  • Good Reason; Other Than for Cause, Death or Disability If, during the Employment Period, the Company shall terminate the Executive's employment other than for Cause or Disability or the Executive shall terminate employment for Good Reason:

  • Termination for Cause or Other Than for Good Reason If during the Term the Executive’s employment shall be terminated by the Company for Cause or by the Executive for other than Good Reason, this Agreement shall terminate without further obligation on the part of the Company to the Executive, other than the Company’s obligation to pay the Executive the Accrued Obligations to the extent theretofore unpaid.

  • Termination for Cause or Without Good Reason If the Executive’s employment should be terminated (i) by the Company for Cause, or (ii) by the Executive without Good Reason, the Company shall pay to the Executive any Accrued Amounts only, and shall not be obligated to make any additional payments to the Executive.

  • TERMINATION FOR DISABILITY OR DEATH (a) Termination of Executive’s employment based on “Disability” shall be construed to comply with Section 409A of the Internal Revenue Code and shall be deemed to have occurred if: (i) Executive is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death, or last for a continuous period of not less than 12 months; (ii) by reason of any medically determinable physical or mental impairment that can be expected to result in death, or last for a continuous period of not less than 12 months, Executive is receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Bank or the Company; or (iii) Executive is determined to be totally disabled by the Social Security Administration. The provisions of Sections 6(b) and (c) shall apply upon the termination of the Executive’s employment based on Disability. Upon the determination that Executive has suffered a Disability, disability payments hereunder shall commence within thirty (30) days.

  • Termination for Cause or Voluntary Termination If the Executive’s employment terminates pursuant to Section 6(c) [For Cause] or Section 6(f) [Voluntary Termination], the Executive shall be entitled to receive only the salary, annual bonuses, expense reimbursements, benefits and accrued vacation days earned by the Executive pursuant to Section 4 through the date of the Executive’s termination of employment. Annual bonuses are not earned until the date any such bonus is paid in accordance with the terms of the applicable bonus plan. As such, the Executive shall not be entitled to any bonus not paid prior to the date of the Executive’s termination of employment, and the Executive shall not be entitled to any prorated bonus payment for the year in which the Executive’s employment terminates. Any stock options granted to the Executive by the Company shall continue to vest only through the date on which the Executive’s employment terminates, and unless otherwise provided by their terms, any restricted stock, performance share awards or other equity awards that were granted to the Executive by the Company that remain unvested as of the date on which the Executive’s employment terminates shall automatically be forfeited and the Executive shall have no further rights with respect to such awards. The Company shall have no further obligations to the Executive as a result of termination of employment described in this Section 8(b) except as set forth in Section 12.

  • Termination Because of Death or Disability If Participant is Terminated because of death or Disability of Participant, the Option, to the extent that it is exercisable by Participant on the date of Termination, may be exercised by Participant (or Participant's legal representative) no later than twelve (12) months after the date of Termination, but in any event no later than the Expiration Date.

  • Termination for Death or Disability If the Employee's employment is terminated by death or because of disability pursuant to Section 4.3, the Company shall pay to the estate of the Employee or to the Employee, as the case may be, all sums which would otherwise be payable to the Employee under Section 3 up to the end of the month in which the termination of his employment because of death or disability occurs.

  • Death or Disability The Executive's employment shall terminate automatically upon the Executive's death during the Employment Period. If the Company determines in good faith that the Disability of the Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to the Executive written notice in accordance with Section 12(b) of this Agreement of its intention to terminate the Executive's employment. In such event, the Executive's employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Executive (the "Disability Effective Date"), provided that, within the 30 days after such receipt, the Executive shall not have returned to full-time performance of the Executive's duties. For purposes of this Agreement, "Disability" shall mean the absence of the Executive from the Executive's duties with the Company on a full-time basis for 180 consecutive business days as a result of incapacity due to mental or physical illness which is determined to be total and permanent by a physician selected by the Company or its insurers and acceptable to the Executive or the Executive's legal representative.

  • Termination for Disability If Executive’s employment is terminated due to Disability following a Change in Control, Executive shall receive his Base Salary through the Termination Date, at which time his benefits shall be determined in accordance with Company’s disability, retirement, insurance and other applicable plans and programs then in effect, and Executive shall not be entitled to any other benefits provided by this Agreement.

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