Common use of Payment Upon Death or Disability Clause in Contracts

Payment Upon Death or Disability. Neither death nor disability shall affect Entropic’s obligations hereunder, provided however that neither death nor disability shall be deemed to be Cause for termination. If within one (1) year following a Change of Control the Employee’s employment with Entropic terminates due to the Employee’s death or “Complete Disability,” as defined below, Employee (or Employee’s beneficiaries or estate, as applicable) shall be eligible to receive the Severance Package in Section 1.1, subject to satisfaction of the conditions in Section 1.2 by Employee or Employee’s beneficiaries or estate, as applicable. For purposes of eligibility to receive the Severance Package, “Complete Disability” means Employee is prevented from performing Employee’s duties of employment with the Company by reason of any physical or mental incapacity that results in Employee’s satisfaction of all requirements necessary to receive benefits under the Company’s long-term disability plan due to a total disability.

Appears in 6 contracts

Samples: Change of Control Agreement (Entropic Communications Inc), Change of Control Agreement (Entropic Communications Inc), Change of Control Agreement (Entropic Communications Inc)

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Payment Upon Death or Disability. Neither death nor disability shall affect Entropic’s obligations hereunder, provided however that neither death nor disability shall be deemed to be Cause for termination. If within one (1) year following a Change of Control the Employee’s employment with Entropic terminates due to the Employee’s death or “Complete Disability,” as defined below, Employee (or Employee’s beneficiaries or estate, as applicable) shall be eligible to receive the Severance Package in Section 1.1, subject to satisfaction of the conditions in Section 1.2 by Employee or Employee’s beneficiaries or estate, as applicable. For purposes of eligibility to receive the Severance Package, “Complete Disability” means Employee is prevented from performing Employee’s ’ s duties of employment with the Company by reason of any physical or mental incapacity that results in Employee’s satisfaction of all requirements necessary to receive benefits under the Company’s long-term disability plan due to a total disability.

Appears in 1 contract

Samples: Change of Control Agreement (Entropic Communications Inc)

Payment Upon Death or Disability. Neither death nor disability shall affect Entropic’s obligations hereunder, provided however that neither death nor disability shall be deemed to be Cause for termination. If within one (1) year following a Change of Control the Employee’s employment with Entropic terminates due to the Employee’s death or “Complete Disability,” as defined below, Employee (or Employee’s beneficiaries or estate, as applicable) shall be eligible to receive the Severance Package in Section 1.1, subject to satisfaction of the conditions in Section 1.2 by Employee or Employee’s beneficiaries or estate, as applicable. For purposes of eligibility to receive the Severance Package, “Complete DisabilityDisability ” means Employee is prevented from performing Employee’s ’ s duties of employment with the Company by reason of any physical or mental incapacity that results in Employee’s satisfaction of all requirements necessary to receive benefits under the Company’s long-term disability plan due to a total disability.

Appears in 1 contract

Samples: Change of Control Agreement (Entropic Communications Inc)

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Payment Upon Death or Disability. Neither death nor disability shall affect Entropic’s obligations hereunder, provided however that neither death nor disability shall be deemed to be Cause for termination. If within one (1) year following a Change of Control the Employee’s employment with Entropic terminates due to the Employee’s death or “Complete Disability,” as defined below, Employee (or Employee’s beneficiaries or estate, as applicable) shall be eligible to receive the Severance Package in Section 1.1, subject to satisfaction of the conditions in Section 1.2 by Employee or Employee’s beneficiaries or estate, as applicable. For purposes of eligibility to receive the Severance Package, “Complete Disability” means Employee is prevented from performing Employee’s duties of employment with the Company by reason of any physical or mental incapacity that results in Employee’s satisfaction of all requirements necessary to receive benefits under the Company’s long-term disability plan due to a total disability.or

Appears in 1 contract

Samples: Change of Control Agreement (Entropic Communications Inc)

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