Death or Disability Benefits Sample Clauses

Death or Disability Benefits. If Employee’s employment is terminated due to Employee’s death or disability, regardless of the date of termination, Employee or Employee’s estate or heirs, as appropriate, shall only be paid (i) Employee’s earned salary and accrued paid leave not paid; (ii) any unpaid expense reimbursements; and (iii) any benefits payable under any life insurance policy maintained by Employer for the benefit of Employee, subject to the terms and conditions of such policy.
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Death or Disability Benefits. Executive (or his estate) is not entitled to any Severance Benefits upon termination of his employment due to his “Death or Disability,” as those terms are defined in this Agreement, but rather is entitled to the benefits set forth in this Section. Death or Disability shall not be considered Good Reason to resign under this Agreement. Executive’s employment shall be terminated by the Company immediately in the event of Executive’s Death or Disability. However, ACS shall be obligated to pay Executive (or his estate): (1) his Base Salary prorated to the date of Death or cessation of active work due to Disability: (2) a Cash Incentive payment for the last full performance year prior to the year in which the Death or Disability occurs only if such CI is unpaid as of the date of termination of employment; provided, the amount to be paid shall be based on the Committee’s determination of achievement of performance objectives set by the Committee for that performance year; and (3) a partial Cash Incentive payment based on the Committee’s determination of the achievement of performance objectives in the last partial year of active employment, and pro-rated based on the amount of active work time contributed by Executive during the final partial performance year, compared to the total number of days in the year. Subject to Section 11.1 hereof, any such payment is to be made at the time Cash Incentive payments are made to other officers of the Company for the performance year(s) in question. Executive (or his estate) shall also be entitled to vesting of any outstanding LTAs on the following basis:
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Death or Disability Benefits. Upon the event of your death or Disability (defined below) and the termination of your employment as a result thereof, you or your heirs, as applicable, shall be entitled to receive the following death or Disability benefits in addition to any other compensation and/or benefits to which you are otherwise entitled:
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Death or Disability Benefits. All other benefits to which ---------------------------- Executive may be entitled following Executive's termination for death or Disability prior to a Change in Control shall be determined in accordance with the plans, policies and practices of the Company. (c) For Cause by the Company; Voluntary Termination by Executive. ------------------------------------------------------------ Executive's employment hereunder may be terminated by the Company for "Cause". For purposes of this Agreement, prior to a Change in Control, "Cause" shall mean (i) Executive's willful and continued failure substantially to perform his duties hereunder (other than as a result of total or partial incapacity due to physical or mental illness or as
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Death or Disability Benefits. Upon any termination of Employee’s employment pursuant to Section 6.1(a) or (b), and the execution and delivery by Employee or Employee’s legal representative to the Company of a general release in form and substance satisfactory to the Company in its reasonable discretion, the Company shall pay to Employee or, in the event of Employee’s death, Employee’s designated beneficiary or estate, on the last day of each of the six (6) months following the month in which notice of such termination occurred, a severance payment equal to the sum of Employee’s monthly installment of Annual Base Salary plus a pro-rated amount of Employee’s annual bonus as determined by the Board. Notwithstanding the foregoing, the Company is not obligated to pay any severance payments to Employee if Employee violates Sections 3, 4 or 5 of this Agreement.
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Death or Disability Benefits. Upon any termination of the Employee’s employment pursuant to Section 6.1(a) or (b), and the execution and delivery by the Employee or the Employee’s legal representative to the Company of a general release in form and substance satisfactory to the Company in its reasonable discretion, the Company shall pay to the Employee or, in the event of the Employee’s death, the Employee’s designated beneficiary or estate, on the last day of each of the twelve (12) months following the month in which such termination occurred a severance payment equal to (i) the sum of the Employee’s monthly installment of Annual Base Salary plus (ii) 1/12th of the Employee’s annual incentive bonus calculated on the basis of the average of the bonuses received by the Employee in the prior three calendar years or, if the Employee has been employed for less three complete calendar years, in such lesser complete calendar year(s) or, if the Employee has been employed for less than one complete calendar year, at target. For clarification, if the bonus portion of the monthly severance payment was calculated at target, the Employee would receive 12 monthly severance payments, each in the sum of $37,500, or a total severance payment of $450,000, based on her Compensation as at the date of this Agreement. Except in the event of the Employee’s death, the Company shall also continue to distribute to the Employee all benefits under Section 2.3(e) from the date of the Employee’s termination of employment through to expiry of the twelve month severance period. All payments and other distributions under this Section 6.2(b) will be subject to reduction by the Company during the twelve month severance period in an amount equal to any income generated by the Employee from new employment including self employment during the twelve month severance period and such payments and other distributions are in addition to the Employee’s Compensation during the notice period specified in Section 6.1(b). Provided, upon termination of the Employee pursuant to Section 6.1(a) or (b), for the number of months the Employee would be entitled to severance payments, the Company is not obligated to pay any severance payments to the Employee if the Employee materially violates Sections 3, 4 or 5 of this Agreement. The Company will also distribute to the Employee or, in the event of the Employee’s death, the Employee’s designated beneficiary or estate, the Compensation due the Employee pursuant to Sections 2.3(a), (b), (c),...
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Death or Disability Benefits. If a Participant dies or becomes Disabled before incurring a Separation from Service and before the commencement of payments to the Participant under this Plan, the entire value of the Participant’s vested Account shall be paid ninety (90) days following the Participant’s death or Disability, as applicable, in a lump sum, to the Participant or to the person or persons designated in accordance with Section 7.1, as applicable. Upon the death or Disability of a Participant after payments under this Plan have begun but before he or she has received all payments to which he or she is entitled under the Plan, the remaining benefit payments shall be paid ninety (90) days following the Participant’s death or Disability, as applicable, in a lump sum, to the Participant or the person or persons designated in accordance with Section 7.1, as applicable.
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Death or Disability Benefits. If your employment is terminated due to death or Disability (as defined under the Company’s then-current long-term disability plan in which you participate), then the Company shall pay or provide you (or the legal representative of your estate in the case of your death), in addition to payment for any accrued but unpaid base salary, unused vacation, and unreimbursed expenses (collectively, “Accrued Obligations”), and any insurance proceeds or benefits you are entitled to under Company benefit plans, with:
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Related to Death or Disability Benefits

  • Death or Disability The Executive's employment shall terminate automatically upon the Executive's death during the Employment Period. If the Company determines in good faith that the Disability of the Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to the Executive written notice in accordance with Section 12(b) of this Agreement of its intention to terminate the Executive's employment. In such event, the Executive's employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Executive (the "Disability Effective Date"), provided that, within the 30 days after such receipt, the Executive shall not have returned to full-time performance of the Executive's duties. For purposes of this Agreement, "Disability" shall mean the absence of the Executive from the Executive's duties with the Company on a full-time basis for 180 consecutive business days as a result of incapacity due to mental or physical illness which is determined to be total and permanent by a physician selected by the Company or its insurers and acceptable to the Executive or the Executive's legal representative.

  • 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.

  • Termination for Death or Disability If the Employee's employment is terminated by death or because of disability pursuant to Section 4.3, the Company shall pay to the estate of the Employee or to the Employee, as the case may be, all sums which would otherwise be payable to the Employee under Section 3 up to the end of the month in which the termination of his employment because of death or disability occurs.

  • By Death or Disability Executive’s employment and this Agreement shall terminate upon Executive’s Disability or death. For purposes of this Agreement, “Disability” shall mean Executive's inability, due to physical or mental incapacity, to perform the essential functions of Executive's job, with or without reasonable accommodation, for one hundred eighty (180) days out of any three hundred sixty-five (365) day period; provided however, in the event that the Company temporarily replaces the Executive, or transfers the Executive's duties or responsibilities to another individual on account of the Executive's inability to perform such duties due to a mental or physical incapacity which is, or is reasonably expected to become, a Disability, then the Executive's employment shall not be deemed terminated by the Company. Any question as to the existence of the Executive's Disability as to which the Executive and the Company cannot agree shall be determined in writing by a qualified independent physician mutually acceptable to the Executive and the Company. If the Executive and the Company cannot agree as to a qualified independent physician, each shall appoint such a physician and those two physicians shall select a third who shall make such determination in writing. The determination of Disability made in writing to the Company and the Executive shall be final and conclusive for all purposes of this Agreement. The Company shall give Executive written notice of termination for Disability and the termination shall be effective as of the date specified in such notice.

  • Termination by Death or Disability In the event of the Executive’s death or total disability (as defined in Section 22(e)(3) of the Internal Revenue Code of 1986, as amended) during the Term, the Term and Executive’s employment shall terminate on the date of death or total disability. In the event of such termination, the Company’s sole obligations hereunder to the Executive (or the Executive’s estate) shall be for unpaid Base Salary, accrued but unpaid bonus and benefits (then owed or accrued and owed in the future), a pro-rata bonus for the year of termination based on the Executive’s target bonus for such year and the portion of such year in which the Executive was employed, and reimbursement of expenses pursuant to the terms hereon through the effective date of termination, each of which shall be paid within 10 days following the date of the Executive’s termination, and any unvested portion of any Equity Grants shall immediately be forfeited as of the termination date without any further action of the Parties.

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