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

Termination of Employment Due to Death or Disability. If the Executive’s employment is terminated due to the Executive’s death or Disability, the Executive shall be entitled to receive payments equal to the sum of: (x) the Prior Year Bonus and (y) the Pro Rata Bonus, provided that the Executive or the Executive’s estate, as applicable, has executed a release of any and all claims against the Company (set forth in Section 4(h) below) and the revocation period specified therein has expired without revocation.

Appears in 5 contracts

Samples: Employment Agreement (Northern Oil & Gas, Inc.), Employment Agreement (Northern Oil & Gas, Inc.), Employment Agreement (Northern Oil & Gas, Inc.)

AutoNDA by SimpleDocs

Termination of Employment Due to Death or Disability. If In addition to the compensation and benefits payable under Section 7(a) above, if the Executive’s employment is terminated due to the Executive’s his death or Disability, the Executive shall be entitled to receive payments equal to the sum of: (x) the Prior Year Bonus and (y) the Pro Rata Bonus, provided that the Executive or his estate following the Executive’s estatedeath) shall receive the Executive’s accrued but unpaid Annual Bonus, as applicableif any, has executed a release for the Fiscal Year ended prior to his Termination Date payable at the same time such annual bonuses for such Fiscal Year are paid to other key executives of any and all claims against the Company (set forth in Section 4(h) below) and pursuant to the revocation period specified therein has expired without revocation.terms of the Cash Bonus Plan;

Appears in 3 contracts

Samples: Employment Agreement (First Person Ltd.), Employment Agreement (First Person Ltd.), Employment Agreement (First Person Ltd.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.