Retirement, Disability and Death Sample Clauses

Retirement, Disability and Death. If the Grantee terminates employment because of the Grantee’s Retirement, Disability or death, the Grantee’s Restricted Stock will automatically vest in full on the date of the occurrence of the event. For purposes of this Restricted Stock Award Agreement, “
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Retirement, Disability and Death. If the Grantee terminates employment because of (i) the Grantee’s Retirement or (ii) the Grantee’s death or Disability, the Grantee’s SARs will automatically vest in full on the date of the occurrence of the event. For purposes of this Stock Appreciation Right Agreement, the term “Disability” shall mean a physical or mental impairment of sufficient severity that the Grantee is both eligible for, and in receipt of, benefits under the long-term disability program maintained by the Company.
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Retirement, Disability and Death. If the Grantee terminates employment because of (i) the Grantee’s Retirement or (ii) the Grantee’s death or Disability, the Grantee’s SARs will automatically vest in full on the date of the occurrence of the event. For purposes of this Stock Appreciation Right Agreement, the term “Disability” shall have the same meaning ascribed to it in the Employment Agreement between the Grantee and the Company, dated May 5, 2008 (the “Employment Agreement”), and the term “Retirement” shall mean the Grantee’s separation from service without Cause (as defined in the Employment Agreement) following the Grantee’s attainment of age 55 and completion of five years of service with the Company.
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Retirement, Disability and Death. If the Grantee terminates employment because of (i) the Grantee’s Retirement or (ii) the Grantee’s death or Disability, the Grantee’s Option will automatically vest in full on the date of the occurrence of the event. For purposes of this Stock Option Agreement, the term “Retirement” shall mean the Grantee’s (A) separation from service following the Grantee’s attainment of age 65 and completion of five years of service with the Company or a Subsidiary, or (B) separation from service following the Grantee’s attainment of age 55 and completion of 10 years of service with the Company or a Subsidiary.
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Retirement, Disability and Death. If Grantee’s service with the Company terminates because of Grantee’s Retirement, Disability or death, Grantee’s Restricted Stock will automatically vest in full on the date of the occurrence of the event.
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Retirement, Disability and Death. (a) In the event of (i) the Grantee's termination of employment due to Retirement or (ii) the Grantee's death or Disability while employed by the Company or a Subsidiary, the Grantee's Option will automatically vest in full on the date of the Grantee's Retirement, death or Disability, as applicable, regardless of whether the Stock Price Hurdle has been met.
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Retirement, Disability and Death. Benefits payable under the Agreement shall be adjusted to correspond with the foregoing, and prorated to reflect any partial deferral of salary consistent with our intent to provide you with a new Anniversary Date for the incremental benefits provided for under this Agreement. If the above is a correct statement of our agreed Amendment, please sign and return the enclosed copy of this letter. Very truly yours, HIGHLAND FEDERAL SAVINGS & LOAN ASSOCIATION By /s/ Xxxxx Xxxxxxx --------------------- XXXXX XXXXXXX ACCEPTED & AGREED Senior Vice President /s/ Xxx Xxxxxxxxx ----------------- Xxx Xxxxxxxxx HIGHLAND FEDERAL SAVINGS & LOAN ASSOCIATION OF LOS ANGELES 0000 Xxxxx Xxxxxxxx Xxxxxx Los Angeles, California 90042 March 16, 1988 Xx. Xxx Xxxxxxxxx 0000 Xxxxx Xxxxxxxx Xxxxxx Los Angeles, CA 90042 Re: Amendment to Agreement Dated June 19, 1986 ------------------------------------------ Dear Xx. Xxxxxxxxx: Effective June 19, 1986, you and Highland Federal Savings & Loan Association (the "Company") entered into an Agreement (the "Agreement") providing for certain deferred compensation, retirement, disability and death benefits. The purpose of this letter is to reflect an amendment to the Agreement which became effective October 1, 1987 (the "Amendment Date"), as follows:
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Retirement, Disability and Death. Benefits payable under the Agreement shall be adjusted to correspond with the foregoing, and prorated to reflect any partial deferral of salary consistent with our intent to provide you with a new Anniversary Date for the incremental benefits provided for under this Amendment. If the above is a correct statement of our agreed Amendment, please sign and return the enclosed copy of this letter. Very truly yours, HIGHLAND FEDERAL SAVINGS & LOAN ASSOCIATION By /s/ Xxxxx Xxxxxxx ----------------------- XXXXX XXXXXXX ACCEPTED & AGREED Chief Financial Officer
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Retirement, Disability and Death 
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Related to Retirement, Disability and Death

  • Disability and Death Employee’s employment hereunder will be terminated immediately upon his disability (as determined for purposes of Employer’s long-term disability plan) or his death. If Employee’s employment is terminated due to such disability or death, Employer will be required to pay to Employee or Employee’s estate, as the case may be, in addition to the amounts payable under Employer’s short-term and long-term disability plans or life insurance plans (as applicable), only his base salary and accrued vacation, earned through the date of termination, and to the extent required under the terms of any benefit plan or this Agreement, the vested portion of any benefit under such plan. Employee or Employee’s estate, as the case may be, will not by operation of this provision forfeit any rights in which Employee is vested at the time of Employee’s disability or death.

  • Retirement, Death or Disability If the Executive’s employment terminates during the Term of this Agreement due to his death, a disability that results in his collection of any long-term disability benefits, or retirement at or after age 62, the Executive (or the beneficiaries of his estate) shall be entitled to receive the compensation and benefits that the Executive would otherwise have become entitled to receive pursuant to subsection (d) hereof upon a resignation without Good Reason.

  • By Disability If Executive becomes eligible for the Company’s long term disability benefits or if, in the sole opinion of the Company, Executive is unable to carry out the responsibilities and functions of the position held by Executive by reason of any physical or mental impairment for more than ninety consecutive days or more than one hundred and twenty days in any twelve-month period, then, to the extent permitted by law, the Company may terminate Executive’s employment. The Company shall pay to Executive all compensation to which Executive is entitled up through the date of termination, and thereafter all obligations of the Company under this Agreement shall cease. Nothing in this Section shall affect Executive’s rights under any disability plan in which Executive is a participant.

  • Death, Retirement or Disability Executive’s employment shall terminate automatically upon Executive’s death or Retirement during the Employment Period. For purposes of this Agreement, “Retirement” shall mean normal retirement as defined in the Company’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean voluntary termination after age 65 with ten years of service. If the Company determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to Executive written notice of its intention to terminate Executive’s employment. In such event, Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such written notice by Executive (the “Disability Effective Date”), provided that, within the 30 days after such receipt, Executive shall not have returned to full-time performance of Executive’s duties. For purposes of this Agreement, “Disability” shall mean a mental or physical disability as determined by the Board of Directors of the Company in accordance with standards and procedures similar to those under the Company’s employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, “Disability” shall mean the inability of Executive, as determined by the Board, to perform the essential functions of his regular duties and responsibilities, with or without reasonable accommodation, due to a medically determinable physical or mental condition which has lasted (or can reasonably be expected to last) for twelve workweeks in any twelve-month period. At the request of Executive or his personal representative, the Board’s determination that the Disability of Executive has occurred shall be certified by two physicians mutually agreed upon by Executive, or his personal representative, and the Company. Failing such independent certification (if so requested by Executive), Executive’s termination shall be deemed a termination by the Company without Cause and not a termination by reason of his Disability.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Disability; Death If the Company terminates Executive’s employment as a result of Executive’s Disability, or Executive’s employment terminates due to Executive’s death, then Executive will not be entitled to receive any other severance or other benefits, except for those (if any) as may then be established under the Company’s then existing written severance and benefits plans and practices or pursuant to other written agreements with the Company.

  • Termination of Employment Due to Death or Disability If the Executive’s employment is terminated at any time due to his or her death or Disability, this Agreement shall terminate without further obligation by the Company to the Executive, other than the obligation to pay the Accrued Obligations to the Executive or his or her legal representatives.

  • Death, Disability or Retirement Subject to the provisions of Section 1 hereof, this Agreement shall terminate automatically upon the Executive's death, termination due to "Disability" (as defined below) or voluntary retirement under any of the Company's retirement plans as in effect from time to time. For purposes of this Agreement, Disability shall mean the Executive has met the conditions to qualify for long-term disability benefits under the Company's policies, as in effect immediately prior to the Effective Date.

  • Pregnancy Disability Leave A. Leave for pregnancy or childbirth related disability is in addition to any leave granted under FMLA or WFLA.

  • Upon Death or Disability If the Executive dies, all provisions of Section 3 of this Agreement (other than rights or benefits arising as a result of such death) and the Employment Term shall be automatically terminated; provided, however, that an amount equal to the earned and unpaid Incentive Payments to the date of death and the Standard Termination Payments shall be paid, as described above, to the Executive’s surviving spouse or, if none, the Executive’s estate (as set forth above), and the death benefits under the Company’s employee benefit plans shall be paid to the Executive’s beneficiary or beneficiaries as properly designated in writing by the Executive, in accordance with the Company’s applicable employee benefit plans. If the Executive is unable to perform the essential functions of the Executive’s job under this Agreement, with or without reasonable accommodation, by reason of physical or mental disability or incapacity (“Disability”) and such disability or incapacity shall have continued for any period aggregating six (6) months within any twelve (12) consecutive months, the Company may terminate the Executive’s employment, this Agreement and the Employment Term at any time thereafter. In such event, the Executive shall be entitled to receive the Executive’s normal compensation hereunder during said time of disability or incapacity, and shall thereafter be entitled to receive the “Disability Incentive Payment” (as described in the penultimate sentence of this subsection (b)), payable no later than two and a half (2 1/2) months after the Company terminates the Executive’s employment, and the earned and unpaid Incentive Payments to the date of termination of the Executive’s employment and the Standard Termination Payments, payable as described above. The portion of the payment representing the Disability Incentive Payment shall be paid in a lump sum determined on a net present value basis, using a reasonable discount rate determined by the Board. The Disability Incentive Payment shall be equal to the target Incentive Payment that the Executive would have been eligible to receive for the year in which the Employment Term is terminated multiplied by a fraction, the numerator of which is the number of days in such year before and including the day of termination of the Employment Term and the denominator of which is the total number of days in such year.

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