Common use of Termination Because of Employee Death or Disability Clause in Contracts

Termination Because of Employee Death or Disability. Should Executive die or become disabled, as defined under the written insurance policies and procedures that may from time to time be obtained by the Company and its employment policies, the Company, or its insurer, shall pay Executive or the personal representative thereof the amount of twelve (12) months of Executive’s Base Salary, such payments to be made in accordance with the Company’s usual payroll periods for twelve (12) months following the termination of employment under this Agreement, subject to withholding in accordance with the Company’s usual payroll practices, in addition to any other compensation under this Agreement.

Appears in 6 contracts

Samples: Employment Agreement (Dpac Technologies Corp), Employment Agreement (Dpac Technologies Corp), Form of Employment Agreement (Dpac Technologies Corp)

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Termination Because of Employee Death or Disability. Should Executive die or become disabled, as defined under the written insurance policies and procedures that may from time to time be obtained by the Company and its employment policies, the Company, or its insurer, shall pay Executive or the personal representative thereof the amount of twelve six (126) months of Executive’s Base Salary, such payments to be made in accordance with the Company’s usual payroll periods for twelve six (126) months following the termination of employment under this Agreement, subject to withholding in accordance with the Company’s usual payroll practices, in addition to any other compensation under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Dpac Technologies Corp), Employment Agreement (Dpac Technologies Corp)

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