Termination As Result of Disability Termination Event Sample Clauses

Termination As Result of Disability Termination Event. If the Executive's employment hereunder is terminated as a result of a Disability Termination Event, as of the date of the termination of the Executive's employment hereunder, the Company shall have no further obligation to pay the Executive any Base Salary, Bonus or any other benefits pursuant to this Agreement. If such termination occurs prior to the end of any pay period, the Executive shall be entitled to receive a portion of the Base Salary and Bonus for such pay period prorated to the date on which the Executive's employment is terminated as provided in (S) 4.2(a)(i) above. Notwithstanding the foregoing, if this Agreement is terminated as a result of the (a) death of the Executive, the Executive's family shall be entitled to receive benefits at least equal to those provided by the Company to surviving families of senior executives of the Company under such plans, programs and policies relating to family death benefits, if any, in effect on the date of the Executive's death, or (b) total disability of the Executive as described in (S) 3.1(a), in addition to the benefits contemplated by (S) 5.1, the Executive shall be entitled to receive disability and other benefits (provided that the Executive has paid applicable premiums therefor) at least equal to those provided by the Company to disabled employees and their families in accordance with such plans, program and policies relating to disability, if any, in effect on the date of the Executive's total disability.
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Termination As Result of Disability Termination Event. If the Executive's employment hereunder is terminated as a result of a Disability Termination Event, as of the date of the termination of the Executive's employment hereunder, the Company shall have no further obligation to pay the Executive any Base Salary, Bonus or any other benefits pursuant to this Agreement; provided, however, that the Company shall pay the Executive any vested compensation previously deferred by the Executive and not paid as of the date of such termination. If such termination occurs prior to the end of any pay period, the Executive shall be entitled to receive a portion of the Base Salary and Bonus for such pay period prorated to the date on which the Executive's employment is terminated. Notwithstanding the foregoing, if this Agreement is terminated as a result of the (a) death of the Executive, the Executive's family shall be entitled to receive benefits at least equal to those provided by the Company to surviving families of senior executives of the Company under such plans, programs and policies relating to family death benefits, if any, in effect on the date of the Executive's death, or (b) total disability of the Executive as described in Section-3.1(a), in addition to the benefits contemplated by Section 5.2, the Executive shall be entitled to receive disability and other benefits at least equal to those provided by the Company to disabled employees and their families in accordance with such plans, programs and policies relating to disability, if any, in effect on the date of the Executive's total disability.
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Termination As Result of Disability Termination Event. If the ----------------------------------------------- ----- Executive's employment hereunder is terminated as a result of a Disability Termination Event, as of the date of the termination of the Executive's employment hereunder, the Company shall have no further obligation to pay the Executive any Base Salary, Bonus or any other benefits pursuant to this Agreement; provided, however, that the Company shall pay to the Executive any vested compensation previously deferred by the Executive and not paid as of the date of such termination. If such termination occurs prior to the end of any pay period, the Executive shall be entitled to receive a portion of the Base Salary and Bonus for such pay period prorated to the date on which the Executive's employment is terminated. Notwithstanding the foregoing, if this Agreement is terminated as a result of the (a) death of the Executive, the Executive's family shall be entitled to receive benefits at least equal to those provided by the Company to surviving families of senior executives of the Company under such plans, programs and policies relating to family death benefits, if any, in effect on the date of the Executive's death, or (b) total disability of the Executive as described in Section 3.1(a), in addition to the benefits contemplated by Section 5.2, the Executive shall be entitled to receive disability and other benefits at least equal to those provided by the Company to disabled employees and their families in accordance with such plans, program and policies relating to disability, if any, in effect on the date of the Executive's total disability.
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Related to Termination As Result of Disability Termination Event

  • Termination as a Result of Death or Disability The Executive’s employment with the Company shall terminate automatically upon the Executive’s death during the Employment Term. If the Disability of the Executive has occurred during the Employment Term (pursuant to the definition of “Disability” set forth below), the Company may give to the Executive written notice 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 Company (the “Disability Effective Date”), provided that, within the 30 days after receipt of notice, the Executive shall not have returned to substantial 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 for 120 consecutive days, or a total of 180 days in any 12-month period, as a result of incapacity due to mental or physical illness which is determined to be total and permanent by a physician jointly selected by the Company and the Executive or the Executive’s legal representative, or, if the parties cannot agree on the selection of such physician then each shall choose a physician and the two physicians shall jointly select a physician to make such binding determination.

  • Termination as a Result of Death If the Executive shall die during the term of this Agreement, the Executive's employment shall terminate on the Executive's date of death and the Executive's surviving spouse, or the Executive's estate if the Executive dies without a surviving spouse, shall be entitled to the Executive's Accrued Benefits as of the Termination Date.

  • Result of Termination Upon termination of Executive’s employment pursuant to this Section, Employer shall pay to Executive’s estate, on the Termination Date, a lump sum payment of an amount equal to (i) all accrued and unused vacation and sick pay payable to Executive by Employer with respect to serviced rendered by Executive to Employer through the Termination Date; and, (ii) if the Termination Date occurs during the Extended Term, an amount equal to twelve (12) months salary based upon the then existing salary of Executive, payable in the same manner as salary would have been paid to Executive had he continued to work for Employer hereunder. In addition to the foregoing, and notwithstanding the provisions of any other agreement to the contrary, Employer shall continue to provide for the benefit of Executive’s family the medical benefits for twelve (12) months following the Termination Date

  • Termination for Cause, or Termination Upon Death, Disability or Resignation from the Company Without Good Reason If Executive’s employment shall terminate as a result of Executive’s death pursuant to Section 3(a)(i) or Disability pursuant to Section 3(a)(ii), pursuant to Section 3(a)(iii) for Cause, or pursuant to Section 3(a)(vi) for Executive’s resignation from the Company without Good Reason, then Executive shall not be entitled to any severance payments or benefits, except as provided in Section 3(c).

  • Disability Termination The term "Disability Termination" for ---------------------- purposes of this Agreement shall mean a termination of Executive's employment on or after the date Executive has a right immediately upon such termination to receive disability income benefits under SunTrust's long term disability plan or any successor to or replacement for such plan.

  • Termination by Reason of Disability If, during the term of this Agreement, the Employee, in the reasonable judgment of the Board of Directors of Avocent Corporation, has failed to perform his duties under this Agreement on account of illness or physical or mental incapacity, and such illness or incapacity continues for a period of more than six (6) consecutive months, the Employer shall have the right to terminate the Employee’s employment hereunder by delivery of written notice to the Employee at any time after such six month period and payment to the Employee of all accrued salary, bonus compensation to the extent earned, additional bonus compensation in an amount equal to the average annual bonus earned by the Employee as an employee of Avocent Corporation and its affiliates and predecessors in the two (2) years immediately preceding the date of termination, vested deferred compensation, if any (other than pension plan or profit sharing plan benefits which will be paid in accordance with the applicable plan), any benefits under any plans of Employer or Avocent in which the Employee is a participant to the full extent of the Employee’s rights under such plans (including having the vesting of any awards granted to the Employee under any AHC or Avocent stock option plans fully accelerated), accrued vacation pay and any appropriate business expenses incurred by the Employee in connection with his duties hereunder, all to the date of termination, with the exception of medical and dental benefits which shall continue through the expiration of this Agreement, but the Employee shall not be paid any other compensation or reimbursement of any kind, including without limitation, severance compensation.

  • Termination by Disability If the Executive becomes Disabled prior to the expiration of the Employment Term, the Executive’s employment will terminate, and provided that such termination constitutes a Separation from Service, the Executive shall be entitled to:

  • 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.

  • Voluntary Termination; Termination for Cause If Executive's employment with the Company terminates voluntarily by Executive or for Cause by the Company, then all vesting of the Option and all other options granted to Executive will terminate immediately and all payments of compensation by the Company to Executive hereunder and all obligations with respect thereto (including, without limitations, with respect to base salary, bonuses, employee benefits, relocation and temporary living reimbursements and other expense reimbursements) will terminate immediately (except as to amounts already earned).

  • Employment Status Termination Following Change in Control (a) No benefits shall be payable under this Agreement unless there has been a Change in Control of the Company during the Term. You acknowledge that this Agreement does not constitute a contract of employment or impose on the Company any obligation to retain you as an employee. You may terminate your employment at any time, with or without Good Reason. If your employment with the Company terminates for any reason and subsequently a Change in Control shall have occurred, you shall not be entitled to any benefits hereunder.

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