Employee dies Sample Clauses

Employee dies. Within fifteen (15) days from the time an employee dies, the Board shall pay to his beneficiary their accumulated sick time.
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Employee dies. (b) Employee fails or refuses to faithfully and diligently perform the usual customary duties of his employment or adhere to the reasonable policies, standards, and regulations of SGI, which from time to time may be established.
Employee dies. (b) the Company, by written notice to Employee or his personal representative, terminates Employee’s employment due to Employee’s Disability.
Employee dies. Within fifteen (15) days from the time an employee dies, the Board shall pay to his/her estate, his/her accumulated PTO days.
Employee dies. (vi) Employee retires from Valley after reaching normal retirement age as defined in Valley's qualified retirement plan.
Employee dies. Termination under events 9.1 (a) through (c) will be effective immediately and Employee shall be entitled to receive compensation due to the Employee through the last day of employment. After the Initial Term, in addition to the reasons set forth in 9.1 (a), (b) and (c), this Agreement may be terminated if:
Employee dies. (b) Employee fails or refused to faithfully and diligently perform the usual customary duties of his employment or adhere to the reasonable policies, standards, and regulations of AMS, which from time to time may be established
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Employee dies. (c) the employment of the Employee ceases due to Disability; or
Employee dies provided, however, that prior to the determination that "Cause" under clause (A), (B), or (D) of this Section has occurred, the Company shall provide to the Employee in writing, in reasonable detail, the reasons for the determination that such "Cause" exists, and afford the Employee a reasonable opportunity to remedy any such breach, if such breach is capable of being remedied. For purposes of this Agreement, no act or failure to act on the Employee's part shall be considered "willful" unless it is done, or omitted to be done, by him in bad faith or without reasonable belief that his action or omission was in the best interests of the Company or any successor or affiliate. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the advice of counsel for the Company or any successor or affiliate shall be conclusively presumed to be done, or omitted to be done, in good faith and in the best interests of the Company or any successor or affiliate thereof.

Related to Employee dies

  • Termination of Employment Due to Disability If the Executive’s employment is terminated due to Disability during the Term of Employment, either by the Company or by the Executive, the Term of Employment shall end as of the date of the termination of the Executive’s employment and the Executive shall be entitled to the following:

  • Termination of Employment Due to Death or Disability 4.1. In the event of your termination of employment due to death or permanent disability (within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986 (the “Code”)) during the Initial Term or the Additional Term, on the date of such termination each outstanding and unvested equity award held by you that, pursuant to its terms, vests solely based upon providing continued service to Skyworks, including, without limitation, stock options, restricted stock awards (including restricted stock unit awards), and performance-based equity awards that are earned but unissued, shall automatically become vested, exercisable, and issuable, and any forfeiture restrictions thereon shall immediately lapse, as applicable, in each case, with respect to one-hundred percent (100%) of that number of then-unvested shares underlying such equity award.

  • Specified Employee Delay If the Associate is a “specified employee” within the meaning of Code Section 409A, any benefits or payments (including installments and insurance premiums and contributions) which (a) constitute a “deferral of compensation” under Code Section 409A, (b) become payable as a result of the Associate’s termination of employment for reasons other than death, and (c) become due under this Agreement during the first six (6) months (or such longer period as required by Code Section 409A) after termination of employment shall be delayed and all such delayed payments (or delayed installments, premiums or contributions) shall be paid to the Associate in full in the seventh (7th) month after the date of termination and all subsequent payments (or installments) shall be paid in accordance with their original payment schedule. To the extent that any insurance premiums or other benefit contributions constituting a “deferral of compensation” become subject to the above delay, the Associate shall be responsible for paying such amounts directly to the insurer or other third party and shall receive reimbursement from Company for such amounts in the seventh (7th) month as described above. This paragraph shall not apply to payments made as a result of a termination of employment that is the result of the Associate’s death.

  • Qualifying Termination of Employment A “Qualifying Termination of Employment” shall mean a termination of Executive’s employment during the Protected Period either (a) by the Company other than for Cause or (b) by Executive for a Good Reason. The Executive’s death or Disability during the Protected Period shall not constitute a Qualifying Termination of Employment.

  • Termination of Service Termination of Service shall mean the Executive's voluntary resignation of service by the Executive or the Bank's discharge of the Executive without cause, prior to the Early Retirement Date (Subparagraph I [K]).

  • TERMINATION FOR DISABILITY OR DEATH (a) Termination of Executive’s employment based on “Disability” shall be construed to comply with Section 409A of the Internal Revenue Code and shall be deemed to have occurred if: (i) Executive is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death, or last for a continuous period of not less than 12 months; (ii) by reason of any medically determinable physical or mental impairment that can be expected to result in death, or last for a continuous period of not less than 12 months, Executive is receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Bank or the Company; or (iii) Executive is determined to be totally disabled by the Social Security Administration. The provisions of Sections 6(b) and (c) shall apply upon the termination of the Executive’s employment based on Disability. Upon the determination that Executive has suffered a Disability, disability payments hereunder shall commence within thirty (30) days.

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