Common use of PER ANNUM Clause in Contracts

PER ANNUM. (b) In the event of Executive's death or permanent and total disability (within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, as amended and in effect and interpreted as of the date of this Agreement) at any time within the 24-month period immediately following a Change in Control and prior to any termination of Executive's employment, Executive or Executive's Successors shall be entitled to all of the benefits of Executive provided under this Agreement as if Executive had voluntarily terminated his employment with Sensormatic (but without giving effect to Section 4 hereof or to the loss of benefits upon voluntary termination under Section 6(a)(v)(A) hereof), including, without limitation, those set forth in Section 6(a)(iii) hereof.

Appears in 3 contracts

Samples: Agreement (Sensormatic Electronics Corp), Agreement (Sensormatic Electronics Corp), Agreement (Sensormatic Electronics Corp)

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PER ANNUM. (b) In the event of Executive's death or permanent and total disability (within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, as amended and in effect and interpreted as of the date of this Agreement) at any time within the 24-month period immediately following a Change in Control and prior to any termination of Executive's employment, Executive or Executive's Successors shall be entitled to all of the benefits of Executive provided under this Agreement as if Executive had voluntarily terminated his employment with Sensormatic (but without giving effect to Section 4 hereof or to the loss of benefits upon voluntary termination under Section 6(a)(v)(A6(e)(i) hereof), including, without limitation, those set forth in Section 6(a)(iii6(c) hereof.

Appears in 3 contracts

Samples: Agreement (Sensormatic Electronics Corp), Agreement (Sensormatic Electronics Corp), Agreement (Sensormatic Electronics Corp)

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