Common use of Termination Due to Death or Disability Clause in Contracts

Termination Due to Death or Disability. In the event that during the Employment Term the Executive’s employment is terminated by the Company due to the Executive’s death or Disability, the Company shall pay to the Executive, or the Executive’s estate, all amounts fully earned pursuant to the terms of this Agreement, but unpaid hereunder through the date of termination, if any, in respect of Salary, and accrued but not yet paid Annual Performance Bonus owed from the year prior to Executive’s termination (the “Accrued Compensation”).

Appears in 9 contracts

Samples: Employment Agreement (MHI Hospitality CORP), Employment Agreement (MHI Hospitality CORP), Employment Agreement (MHI Hospitality CORP)

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Termination Due to Death or Disability. In the event that during the Employment Term the If Executive’s 's employment is terminated by the Company due to the Executive’s death or Disability, the Company shall pay to the then Executive, or the Executive’s 's estate, will receive: (i) payment for all amounts fully Base Salary and accrued but unused vacation earned pursuant to the terms of this Agreement, but unpaid hereunder through the date of termination; and (ii) a lump-sum payment equal to the pro-rata portion of Executive's full Target Bonus, if any, in respect based on Executive's length of Salary, and accrued but not yet paid Annual Performance Bonus owed from service during the year prior in which Executive's employment is terminated due to Executive’s termination (the “Accrued Compensation”)death or Disability.

Appears in 9 contracts

Samples: Employment Agreement (3dfx Interactive Inc), Employment Agreement (Viador Inc), Employment Agreement (3dfx Interactive Inc)

Termination Due to Death or Disability. In the event that during the Employment Term the Executive’s employment hereunder is terminated by the Company due to the Executive’s death or Disability, Executive shall receive the Company shall pay to Accrued Benefits and one year of the Executive, Medical Payment Amounts for Executive in the event of disability or the Executive’s estate, all amounts fully earned pursuant to family in the terms event of this Agreement, but unpaid hereunder through the date of termination, if any, in respect of Salary, and accrued but not yet paid Annual Performance Bonus owed from the year prior to Executive’s termination (the “Accrued Compensation”)death.

Appears in 4 contracts

Samples: Executive Employment Agreement (Alternative Ballistics Corp), Executive Employment Agreement (Alternative Ballistics Corp), Executive Employment Agreement (Alternative Ballistics Corp)

Termination Due to Death or Disability. In the event that during the Employment Term If the Executive’s employment hereunder is terminated by during the Company Term due to the Executive’s death or Disability, the Company shall pay the Executive or his estate, as applicable, in addition to the ExecutiveAccrued Amounts, or the Executive’s estate, all amounts fully earned pursuant to the terms of this Agreement, but unpaid hereunder through the date of termination, if any, in respect of Salary, and accrued but not yet paid a Pro-Rata Annual Performance Bonus owed from Payment for the year prior to Executive’s termination (the “Accrued Compensation”)of such termination.

Appears in 4 contracts

Samples: Employment Agreement (Education Management LLC), Employment Agreement (Education Management LLC), Employment Agreement (Brown Mackie Holding CO)

Termination Due to Death or Disability. In the event that during the Employment Term the Executive’s employment is terminated by the Company due to the Executive’s death or Disability, the Company shall pay to the Executive, or the Executive’s estate, all amounts fully earned pursuant to the terms of this Agreement, but unpaid hereunder through the date of termination, if any, in respect of Salary, and accrued but not yet paid Annual Performance Bonus owed from the year prior to Executive’s termination (the “Accrued Compensation”).

Appears in 3 contracts

Samples: Employment Agreement (Sotherly Hotels Lp), Employment Agreement (Sotherly Hotels Lp), Employment Agreement (Sotherly Hotels Lp)

Termination Due to Death or Disability. In the event that during the Employment Term the If Executive’s 's employment is terminated by the Company due to the Executive’s death or Disability, the Company shall pay to the then Executive, or the Executive’s 's estate, will receive: (1) payment for all amounts fully Base Salary and accrued but unused vacation earned pursuant to the terms of this Agreement, but unpaid hereunder through the date of termination; and (2) a lump-sum payment equal to the pro-rata portion of the full cash bonuses Executive otherwise would have earned for the fiscal year in which such termination occurs, if any, in respect based on Executive's length of Salary, and accrued but not yet paid Annual Performance Bonus owed from the year prior to Executive’s termination (the “Accrued Compensation”)service during such fiscal year.

Appears in 2 contracts

Samples: Employment Agreement (Hyland Software Inc), Employment Agreement (Hyland Software Inc)

Termination Due to Death or Disability. In the event that during the Employment Term the If Executive’s 's -------------------------------------- employment is terminated by the Company due to the Executive’s death or Disability, the Company shall pay to the then Executive, or the Executive’s 's estate, all amounts fully earned pursuant to the terms of this Agreement, but unpaid hereunder will receive: (A) Executive's Base Salary through the date of termination, if any, in respect ; (B) payment for unused vacation earned through the date of Salary, termination; and accrued but not yet paid Annual Performance Bonus owed from (C) immediate vesting of the year prior to Executive’s termination (unvested shares of the “Accrued Compensation”)Options.

Appears in 2 contracts

Samples: Employment Agreement (Iasiaworks Inc), Employment Agreement (Iasiaworks Inc)

Termination Due to Death or Disability. In the event that during the Employment Term the If Executive’s 's employment is -------------------------------------- terminated by the Company due to the Executive’s death or Disability, the Company shall pay to the then Executive, or the Executive’s 's estate, will receive: (i) payment for all amounts fully Base Salary and accrued but unused vacation earned pursuant to the terms of this Agreement, but unpaid hereunder through the date of termination; and (ii) a lump-sum payment equal to any outstanding Target Bonus due, if any, in respect of Salary, and accrued but not yet paid Annual Performance Bonus owed from the year prior to Executive’s termination (the “Accrued Compensation”).

Appears in 1 contract

Samples: Employment Agreement (Viador Inc)

Termination Due to Death or Disability. In the event that during the Employment Term the If -------------------------------------- Executive’s 's employment is terminated by the Company due to the Executive’s death or Disability, the Company shall pay to the then Executive, or the Executive’s 's estate, all amounts fully earned pursuant to the terms of this Agreement, but unpaid hereunder will receive: (A) Executive's Base Salary through the date of termination, if any, in respect ; (B) payment for unused vacation earned through the date of Salary, termination; and accrued but not yet paid Annual Performance Bonus owed from (C) immediate vesting of the year prior to Executive’s termination (unvested shares of the “Accrued Compensation”)Options.

Appears in 1 contract

Samples: Employment Agreement (Iasiaworks Inc)

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Termination Due to Death or Disability. In the event that during the Employment Term the If Executive’s 's employment is terminated by the Company due to the Executive’s death or Disability, the Company shall pay to the then Executive, or the Executive’s 's estate, will receive payment for all amounts fully Base Salary and accrued but unused vacation earned pursuant to the terms of this Agreement, but unpaid hereunder through the date of termination, if any, in respect termination and immediate vesting of Salary, and accrued but not yet paid Annual Performance Bonus owed from the year prior to Executive’s termination (the “Accrued Compensation”)50% of his unvested stock options.

Appears in 1 contract

Samples: Employment Agreement (3dfx Interactive Inc)

Termination Due to Death or Disability. In the event that during the Employment Term the If Executive’s employment and the Term is terminated by the Company due to the reason of Executive’s death or Disability, Executive or his estate shall be entitled to receive: (a) Executive’s earned but unpaid Base Salary through the Company shall pay to the ExecutiveTermination Date; (b) an amount for reimbursement, paid within thirty (30) days following submission by Executive (or the if applicable, Executive’s estate, all amounts fully earned pursuant ) to the terms Company of this Agreement, but unpaid hereunder through the date of termination, if any, in respect of Salary, and accrued but not yet paid Annual Performance Bonus owed from the year appropriate supporting documentation for any unreimbursed business expenses properly incurred prior to Executive’s termination (the “Accrued Compensation”).to

Appears in 1 contract

Samples: Personal & Confidential (McAfee Corp.)

Termination Due to Death or Disability. In the event that during the Employment Term the If Executive’s 's -------------------------------------- employment is terminated by the Company due to the Executive’s death or Disability, the Company shall pay to the then Executive, or the Executive’s 's estate, all amounts fully earned pursuant to the terms of this Agreement, but unpaid hereunder will receive: (A) Executive's Base Salary through the date of termination, if any, in respect ; (B) payment for unused vacation earned through the date of Salary, termination; and accrued but not yet paid Annual Performance Bonus owed from (C) immediate vesting of the year prior to Executive’s termination (unvested shares of the “Accrued Compensation”)Option.

Appears in 1 contract

Samples: Employment Agreement (Iasiaworks Inc)

Termination Due to Death or Disability. In the event that during the Employment Term the If Executive’s 's employment is terminated by the Company due to the Executive’s death or Disability, the Company shall pay to the then Executive, or the Executive’s 's estate, will receive: (i) payment for all amounts fully Base Salary and accrued but unused vacation earned pursuant to the terms of this Agreement, but unpaid hereunder through the date of termination; and (ii) a lump- sum payment equal to the pro-rata portion of Executive's full Target Bonus, if any, in respect based on Executive's length of Salary, and accrued but not yet paid Annual Performance Bonus owed from service during the year prior in which Executive's employment is terminated due to Executive’s termination (the “Accrued Compensation”)death or Disability.

Appears in 1 contract

Samples: Employment Agreement (3dfx Interactive Inc)

Termination Due to Death or Disability. In the event that during the Employment Term the If Executive’s 's -------------------------------------- employment is terminated by the Company due to the Executive’s death or Disability, the Company shall pay to the Executive, or the Executive’s 's estate, all amounts fully will receive: (A) Payment equal to twelve (12) months of Executive's Base Salary; (B) payment for unused vacation earned pursuant to the terms of this Agreement, but unpaid hereunder through the date of termination; (C) immediate vesting of the unvested shares of the Option, if any, in respect of Salary, and accrued but not yet paid Annual Performance Bonus owed from with the year prior Company's repurchase right lapsing as to Executive’s termination (the “Accrued Compensation”)such shares.

Appears in 1 contract

Samples: Employment Agreement (Iasiaworks Inc)

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