Common use of Upon Death or Disability Clause in Contracts

Upon Death or Disability. If Executive’s employment is terminated (1) on account of Executive’s Disability then the Company shall pay or provide Executive with the following, subject to the provisions of Section 20 hereof, or (2) on account of Executive’s death, Executive or Executive’s estate, as the case may be, shall be entitled to the following (with the amounts due under Section 7(c)(i) hereof to be paid within sixty (60) days following termination of employment, or such earlier date as may be required by applicable law):

Appears in 6 contracts

Samples: Employment Agreement (Holley Inc.), Employment Agreement (Holley Inc.), Employment Agreement (Holley Inc.)

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Upon Death or Disability. If Executive’s 's employment is terminated (1) on account of Executive’s 's Disability then the Company shall pay or provide Executive with the following, subject to the provisions of Section 20 19 hereof, or (2) on account of Executive’s 's death, Executive or Executive’s 's estate, as the case may be, shall be entitled to the following (with the amounts due under Section 7(c)(i6(c)(i) hereof to be paid within sixty (60) days following termination of employment, or such earlier date as may be required by applicable law):

Appears in 1 contract

Samples: Employment Agreement (Holley Inc.)

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Upon Death or Disability. If The Executive’s 's employment shall automatically terminate upon his death or if he is physically or mentally incapacitated for a period of ninety (90) consecutive days prior to the end of the Term. Except as provided in Section 3(C), if the Executive's employment is terminated (1) on account of Executive’s Disability then the Company under this Section 3(A), no further compensation shall pay be due or provide Executive with the following, subject payable to the provisions Executive, except for compensation due and payable through the date of Section 20 hereofsuch termination, or (2) on account including a pro rata portion of Executive’s death, any bonus to which the Executive or Executive’s estate, as the case may be, shall be would have otherwise been entitled had employment continued to the following (with end of the amounts due under Section 7(c)(i) hereof to be paid within sixty (60) days following termination of employment, or such earlier date as may be required by applicable law):Term.

Appears in 1 contract

Samples: Non Competition Agreement (Picturetel Corp)

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