Termination of Employment for Death or Disability. If the Executive’s termination of employment occurs by reason of death or Disability (as defined below), in addition to the amounts payable and benefits provided under Section 5(a) above, the Company will pay the Executive (or his estate) a pro rata portion of any bonus payable under the Company’s Cash Bonus Plan and/or Retention Bonus Plan, as the case may be, for the year in which such termination occurs determined based on the actual bonus attained for the fiscal year in which such termination occurs.
Appears in 5 contracts
Samples: Employment Agreement (Hycroft Mining Holding Corp), Employment Agreement (Hycroft Mining Holding Corp), Employment Agreement (Hycroft Mining Holding Corp)
Termination of Employment for Death or Disability. If In addition to the amounts determined under Section 5(b) above, if the Executive’s termination of employment occurs by reason of death or Disability (as defined below), in addition to the amounts payable and benefits provided under Section 5(a) above, the Company will pay the Executive (or his the Executive’s estate) shall receive a pro rata portion lump sum payment equal to the higher of any (i) the actual annual bonus payable under the Company’s Cash Bonus Plan and/or Retention Bonus Plan, as the case may be, paid for the bonus plan year immediately preceding such termination, and (ii) the target bonus for the bonus plan year in which such termination occurs determined based on the actual bonus attained for the fiscal year in which such termination occurs.termination
Appears in 2 contracts
Samples: Employment Agreement of William Eichhorn (Textura Corp), Employment Agreement (Textura Corp)
Termination of Employment for Death or Disability. If In addition to the amounts determined under (b) above, if the Executive’s termination of employment occurs by reason of death or Disability (as defined below), in addition to the amounts payable and benefits provided under Section 5(a) above, the Company will pay the Executive (or his the Executive’s estate) will receive a pro rata portion of any bonus payable under the Company’s Cash Bonus Plan and/or Retention Bonus Plan, as the case may be, for the year in which such termination occurs determined based on the actual bonus attained for the fiscal year in which such termination occurs.the
Appears in 1 contract
Samples: Form of Severance Benefit Agreement (SPX Technologies, Inc.)
Termination of Employment for Death or Disability. If the Executive’s termination of employment occurs by reason of death or Disability (as defined below), in addition to the amounts payable and benefits provided under Section 5(a) above, the Company will pay the Executive (or his her estate) a pro rata portion of any bonus payable under the Company’s Cash Bonus Plan and/or Retention Bonus Plan, as the case may be, for the year in which such termination occurs determined based on the actual bonus attained for the fiscal year in which such termination occurs.
Appears in 1 contract
Termination of Employment for Death or Disability. If In addition to the amounts determined under Section 5(b) above, if the Executive’s termination of employment occurs by reason of death or Disability (as defined below), in addition to the amounts payable and benefits provided under Section 5(a) above, the Company will pay the Executive (or his the Executive’s estate) shall receive a pro rata portion lump sum payment equal to the higher of any (i) the actual annual bonus payable under the Company’s Cash Bonus Plan and/or Retention Bonus Plan, as the case may be, paid for the bonus plan year in which immediately preceding such termination occurs determined based on termination, and (ii) the actual target bonus attained for the fiscal bonus plan year in which such termination occurs., and payable within sixty (60) days following the date of termination. If any question arises as to whether the Executive has incurred a Disability, upon request
Appears in 1 contract
Samples: Employment Agreement (Textura Corp)