Common use of Death or Permanent Disability Clause in Contracts

Death or Permanent Disability. This Agreement shall terminate immediately upon the Executive's Death or Permanent Disability. Permanent Disability shall have the same meaning as set forth in the Company's long term disability policy. Upon termination for Death or Permanent Disability, the Executive, or his estate, shall receive the following: (i) all accrued Base Salary and other accrued entitlements earned through the date of termination, (ii) the continuation of Base Salary for 90 days after such termination, and (iii) the compensation and benefits set forth in clauses (B), (C), (D) and (F) of Section 3.1(a).

Appears in 20 contracts

Samples: Employment Agreement (Morris Material Handling Inc), Employment Agreement (MMH Holdings Inc), Employment Agreement (MMH Holdings Inc)

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