Common use of Termination Upon Death or Disability Clause in Contracts

Termination Upon Death or Disability. If Executive’s employment is terminated on account of the Executive’s death or Disability, Executive shall receive, in addition to the payments required by Section 8, a portion of his Target Annual Incentive pro-rated from the beginning of the applicable fiscal year in which such termination occurs through the date of termination, and disregarding for this purpose the requirement to satisfy any performance objectives, (the “Pro-Rata Bonus”) and such other payments and benefits in accordance with the Company’s standard plans, programs and practices (if any).

Appears in 5 contracts

Samples: Employment Agreement (Outdoor Channel Holdings Inc), Employment Agreement (Outdoor Channel Holdings Inc), Employment Agreement (Outdoor Channel Holdings Inc)

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Termination Upon Death or Disability. If Executive’s employment is terminated on account In the event of the termination of the Executive’s employment by reason of death or Disability, the Company shall pay the Executive shall receive, in addition to the payments required by Section 8, a portion of his Target Annual Incentive pro-rated from the beginning of the applicable fiscal year in which such termination occurs Base Salary through the date Date of termination, and disregarding for this purpose the requirement to satisfy any performance objectives, (the “Pro-Rata Bonus”) and such other payments and benefits Termination in accordance with the Company’s standard planspayroll practices, programs at the rate then in effect, and practices (if any)all expenses or accrued Benefits arising prior to such termination which are payable to the Executive pursuant to this Agreement through the Date of Termination. In addition, the Executive and/or his beneficiaries shall be entitled to such other Benefits as shall be determined in accordance with the benefit plans maintained by the Company.

Appears in 5 contracts

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

Termination Upon Death or Disability. If Executive’s 's employment is terminated on account by the Company upon Executive's Disability or by reason of Executive's death, the Executive’s death Company shall pay Executive (or Disabilityhis beneficiaries, Executive shall receive, in addition to the payments required by Section 8, a portion of his Target Annual Incentive pro-rated from the beginning of the applicable fiscal year in which such termination occurs as applicable) any Accrued Compensation through the date of termination, and disregarding for this purpose the requirement termination of employment. Executive's entitlement to satisfy any performance objectives, (the “Pro-Rata Bonus”) and such other payments and compensation or benefits hereunder shall be determined in accordance with the Company’s standard plans, 's benefit plans and other applicable programs and practices (if any)then in effect.

Appears in 4 contracts

Samples: Settlement Agreement and General Release (Commerce Energy Group Inc), Executive Employment Agreement (Commerce Energy Group Inc), Settlement Agreement and General Release (Commerce Energy Group Inc)

Termination Upon Death or Disability. If the Executive’s employment is terminated on account of due to the Executive’s death or Disability, the Executive shall receive(or the Executive’s estate, in addition if applicable) will receive (i) the Accrued Amounts, and (ii) a Pro-Rata Bonus which will be paid at the time the Company ordinarily pays incentive bonuses to its executives with respect to the payments required by Section 8, a portion of his Target Annual Incentive pro-rated from the beginning of the applicable fiscal year in which such the termination occurs through (but in no case later than March 15 of the date calendar year following the calendar year in which Executive’s termination of termination, and disregarding for this purpose the requirement to satisfy any performance objectives, (the “Pro-Rata Bonus”) and such other payments and benefits in accordance with the Company’s standard plans, programs and practices (if anyemployment occurs).

Appears in 3 contracts

Samples: Employment Agreement (MRC Global Inc.), Employment Agreement (MRC Global Inc.), Employment Agreement (MRC Global Inc.)

Termination Upon Death or Disability. If the Executive’s employment is and the Employment Term are terminated on account by reason of the Executive’s death Death or Disability, the Company shall (i) pay the Executive shall receive, in addition to the payments required by Section 8, a portion Salary earned and unpaid as of his Target Annual Incentive pro-rated from the beginning of the applicable fiscal year in which such termination occurs through the date of terminationtermination and provide the Executive the Accrued Benefits and (ii) provide the Executive or his beneficiary, and disregarding for this purpose as applicable, the requirement to satisfy any performance objectives, (the “Pro-Rata Bonus”) and such other payments compensation and benefits made available generally to executive officers of the Company in accordance with the event of death or disability under the terms and conditions of the Company’s standard applicable plans, policies, programs and practices (if any)or arrangements applicable to executive officers.

Appears in 3 contracts

Samples: Employment Agreement (Barnes Group Inc), Employment Agreement (Barnes Group Inc), Employment Agreement (Barnes Group Inc)

Termination Upon Death or Disability. If Executive’s employment In the event the Executive is terminated on account as a result of the Executive’s death or Disabilitydisability of the Executive during the Employment Term or the Consulting Period, the Executive shall receivereceive Base Salary or Consulting Compensation, in addition to as the payments required by Section 8case may be, a portion of his Target Annual Incentive pro-rated from the beginning of the applicable fiscal year in which such termination occurs and benefits through the date of termination, and disregarding for this purpose shall receive the requirement proceeds of any insurance maintained pursuant to satisfy any performance objectives, (the “Pro-Rata Bonus”) and such other payments and benefits in accordance with the Company’s standard plans, programs and practices (if any)Section 8.02.

Appears in 2 contracts

Samples: Executive Employment Agreement (Smith & Wollensky Restaurant Group Inc), Employment Agreement (Smith & Wollensky Restaurant Group Inc)

Termination Upon Death or Disability. If Executive’s employment is terminated on account of the Executive’s 's employment shall terminate by reason of his death (pursuant to Section 6(a)) or Disabilityby reason of his Disability (pursuant to Section 6(b)), the Company shall continue to pay to, or on behalf of, the Executive his Base Salary at the time of his Death or Disability and Guaranteed Bonus and to make all necessary payments for and provide all Benefits to the Executive under this Agreement pursuant to Section 5(e) until the effective date of his termination and any Stock Options of Executive shall receive, in addition to the payments required by Section 8, a portion become fully vested as of his Target Annual Incentive pro-rated from the beginning of the applicable fiscal year in which such termination occurs through the effective date of termination, and disregarding for this purpose the requirement to satisfy any performance objectives, (the “Pro-Rata Bonus”) and such other payments and benefits in accordance with the Company’s standard plans, programs and practices (if any).

Appears in 2 contracts

Samples: Employment Agreement (Kimco Realty Corp), Employment Agreement (Kimco Realty Corp)

Termination Upon Death or Disability. If Executive’s employment is terminated on account of the Executive’s death or Disability, Executive shall receive, in addition to the payments required by Section 8, a portion of his Target Annual 2012 Incentive or 2013 Incentive, depending upon the applicable year in which the termination occurs, pro-rated from the beginning of the applicable fiscal year in which such termination occurs through the date of termination, and disregarding for this purpose the requirement to satisfy any performance objectives, (the “Pro-Rata Bonus”) and such other payments and benefits in accordance with the Company’s standard plans, programs and practices (if any).

Appears in 1 contract

Samples: Employment Agreement (Outdoor Channel Holdings Inc)

Termination Upon Death or Disability. If Executive’s employment is terminated on account of the Executive’s death or Disability, Executive or his estate shall receive, in addition to the payments required by Section 8, a portion of his Target Annual Incentive pro-rated from the beginning of the applicable fiscal year in which such termination occurs through the date of termination, and disregarding for this purpose the requirement to satisfy any performance objectives, (the “Pro-Rata Bonus”) and such other payments and benefits in accordance with the Company’s standard plans, programs and practices (if any).

Appears in 1 contract

Samples: Allen Employment Agreement (Outdoor Channel Holdings Inc)

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Termination Upon Death or Disability. If Executive’s employment is terminated on account In the event of the termination of the Executive’s 's employment by reason of death or Disability, the Company shall pay the Executive shall receivehis Base Salary and a termination Bonus prorated through the Date of Termination, at the rate then in addition effect, and all expenses or accrued Benefits, including any earned and unpaid Bonus for a prior fiscal year, arising prior to such termination which are payable to the payments required by Section 8, a portion of his Target Annual Incentive pro-rated from the beginning of the applicable fiscal year in which such termination occurs Executive pursuant to this Agreement through the date Date of terminationTermination. In addition, and disregarding for this purpose the requirement Executive and/or his beneficiaries shall be entitled to satisfy any performance objectives, (the “Pro-Rata Bonus”) and such other payments and benefits Benefits as shall be determined in accordance with the benefit plans maintained by the Company’s standard plans, programs and practices (if any).

Appears in 1 contract

Samples: Employment Agreement (Gilman & Ciocia Inc)

Termination Upon Death or Disability. If Executive’s employment is terminated on account of the Executive’s death or Disability, Executive shall receive, in addition to the payments required by Section 8, a portion of his her Target Annual Incentive pro-rated from the beginning of the applicable fiscal year in which such termination occurs through the date of termination, and disregarding for this purpose the requirement to satisfy any performance objectives, (the “Pro-Rata Bonus”) and such other payments and benefits in accordance with the Company’s standard plans, programs and practices (if any).

Appears in 1 contract

Samples: Employment Agreement (Outdoor Channel Holdings Inc)

Termination Upon Death or Disability. If Executive’s employment is terminated on account of the Executive’s death or Disability, Executive shall receive, in addition to the payments required by Section 87, a portion of his Target Annual Incentive pro-rated from the beginning of the applicable fiscal year in which such termination occurs through the date of termination, and disregarding for this purpose the requirement to satisfy any performance objectives, (the “Pro-Rata Bonus”) and such other payments and benefits in accordance with the Company’s standard plans, programs and practices (if any).

Appears in 1 contract

Samples: Employment Agreement (Outdoor Channel Holdings Inc)

Termination Upon Death or Disability. If Executive’s employment is terminated on account of the Executive’s death or Disability, Executive shall receive, in addition to the payments required by Section 8, 8 a portion of his Target Annual Incentive pro-rated from the beginning of the applicable fiscal year in which such termination occurs through the date of termination, and disregarding for this purpose the requirement to satisfy any performance objectives, (the “Pro-Rata Bonus”) and such other payments and benefits in accordance with the Company’s standard plans, programs and practices (if any).

Appears in 1 contract

Samples: Employment Agreement (Outdoor Channel Holdings Inc)

Termination Upon Death or Disability. If Executive’s employment is terminated on account In the event of the termination of the Executive’s 's employment by reason of death or Disability, the Company shall pay the Executive shall receiveher Base Salary through the Date of Termination, at the rate then in addition effect, and all expenses or accrued Benefits arising prior to such termination which are payable to the payments required by Section 8, a portion of his Target Annual Incentive pro-rated from the beginning of the applicable fiscal year in which such termination occurs Executive pursuant to this Agreement through the date Date of terminationTermination. In addition, and disregarding for this purpose the requirement Executive and/or her beneficiaries shall be entitled to satisfy any performance objectives, (the “Pro-Rata Bonus”) and such other payments and benefits Benefits as shall be determined in accordance with the benefit plans maintained by the Company’s standard plans, programs and practices (if any).

Appears in 1 contract

Samples: Employment Agreement (Icad Inc)

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