Benefits Upon Death or Disability. In the event the Executive’s employment terminates due to the death of the Executive or the Executive becomes disabled (as defined in Section 9.2), the Executive’s estate shall receive a one time grant of the company’s common stock, $.001 par value per share (“Common Stock”), within fifteen (15) days of the termination of the Executive’s employment, for such number of shares as calculated as follows: z = y/x; z = number of shares of Common Stock to be received by the Executive’s estate. y = then current Base Salary. x = the closing trading price of the Common Stock on the date of termination of Executive’s employment due to death or disability of the Executive as reported on the OTCBB or similar public market or in the event there is no public market for the Common Stock, it shall be the fair market value of the Common Stock as determined by an independent valuation expert who has experience in valuing companies in the same industry as the Corporation. The equity compensation plan contemplated by this provision is subject to stockholder approval.
Benefits Upon Death or Disability. In the event the Executive’s employment terminates due to the death of the Executive or the Executive becoming disabled (as defined in Section 9.2), the Executive’s estate shall receive a one time grant of the Corporation’s Class A Common Stock, $0.001 par value per share (“Common Stock”), within fifteen (15) days of the termination of the Executive’s employment, for such number of shares as calculated as follows: z = y/x; z = number of shares of Common Stock to be received by the Executive’s estate. y = then current Base Salary. x = the closing trading price of the Common Stock on the date of termination of Executive’s employment due to death or disability of the Executive as reported on the Over-the-Counter Bulletin Board or similar public market, or, in the event there is no public market for the Common Stock, it shall be the fair market value of the Common Stock as determined by an independent valuation expert who has experience in valuing companies in the same industry as the Corporation.
Benefits Upon Death or Disability. In the event of the Executive's death or a termination of the Executive's employment by the Company due to Permanent Disability, the Executive, his executor or his heirs at law, as the case may be, shall be entitled to:
(a) any Base Salary accrued or any Performance Bonus vested but not yet paid;
(b) a pro rata Performance Bonus for the season in which death or Permanent Disability occurs determined and payable on the basis of the number of days worked during the season and the bonus percentage established for the season;
(c) any accrued vacation pay;
(d) reimbursement for expenses incurred but not yet paid prior to such death or Permanent Disability;
(e) in the case of death, the proceeds of the Individual Life Policy and any other compensation and benefits as may be provided in accordance with the terms and provisions of the Group Benefits or of this Agreement;
(f) in the case of Permanent Disability, for five years following the date of Permanent Disability, first, COBRA health insurance benefits for the Executive and his dependents at the Company's expense until the COBRA benefits expire and thereafter, for the remainder of such five-year period, equivalent reimbursement of healthcare expenses directly by the Company; and
Benefits Upon Death or Disability. In the event of a termination of employment due to the Disability or death of the Executive, he or his legal representatives shall be entitled to receive any unpaid amount of his then current salary through the effective date of such termination, as well as any other benefits which may be payable to him pursuant to Clause 8 hereof (in the case of his Disability only) or which shall have vested and become payable to him under the Benefit Plans as of such effective date or to which the Executive is otherwise entitled upon his Disability or death (as the case may be) under any Benefit Plan or other policy or program of the Company or any Associated Company in accordance with the respective terms of such Benefit Plan, policy or program.
Benefits Upon Death or Disability. In the event of the Executive’s death or a termination of the Executive’s employment by the Company due to Permanent Disability, the Executive, his executor or his heirs at law, as the case may be, shall be entitled to:
(a) any Base Salary accrued or any Performance Bonus vested but not yet paid;
(b) a pro rata Performance Bonus for the season in which death or Permanent Disability occurs determined and payable on the basis of the number of days worked during the season and the bonus percentage established for the season;
(c) any accrued vacation pay;
(d) reimbursement for expenses incurred but not yet paid prior to such death or Permanent Disability;
(e) in the case of death, the proceeds of the Individual Life Policy and other compensation and benefits as may be provided in accordance with the terms and provisions of the Group Benefits or of this Agreement; and
(f) in the case of Permanent Disability, (I) payment by the Company of health insurance premiums under COBRA for the Executive and his dependents for the time period during which the Executive and his dependents are eligible for continuing coverage under COBRA, and (II) from the expiration of such time period through the fifth anniversary of the Executive’s termination of employment with the Company, reimbursement directly by the Company of healthcare expenses of the Executive and his dependents, which expenses would otherwise be covered by the Company’s health insurance plan if the Executive and his dependents continued to be covered under such plan; provided that (x) any reimbursement under this Section 8(f) will be made no later than the end of the year following the year in which the underlying expense is incurred, (y) the amount of any expenses reimbursed or benefits provided under this Section 8(f) in any one year will not affect the amount of expenses reimbursed or benefits provided in any other year, except that the maximum lifetime benefit limit then in effect under the Company’s health insurance plan will continue to apply to this arrangement, and (z) at no time will the Executive’s right to reimbursements or benefits under this Section 8(f) be subject to liquidation or exchange for any other benefit. (For the avoidance of doubt, this Section 8(f) does not include any continuation of the supplemental executive preventative and wellness benefits.) The provisions of this Section 8 shall survive the termination of the Executive’s employment hereunder.
Benefits Upon Death or Disability. In the event of the Executive’s death or a termination of the Executive’s employment by the Company due to Permanent Disability, the Executive, his executor or his heirs at law, as the case may be, shall be entitled to: any Base Salary accrued or any Performance Bonus vested but not yet paid; a pro rata Performance Bonus for the season in which death or Permanent Disability occurs determined and payable on the basis of the number of days worked during the season and the bonus percentage established for the season; any accrued vacation pay; reimbursement for expenses incurred but not yet paid prior to such death or Permanent Disability; in the case of death, the proceeds of the Individual Life Policy and other compensation and benefits as may be provided in accordance with the terms and provisions of the Group Benefits or of this Agreement; and in the case of Permanent Disability, for five years following the date of Permanent Disability, first, COBRA health insurance benefits, including supplemental executive preventive medicine and wellness benefits, for the Executive and his dependents at the Company's expense until the COBRA benefits expire and, thereafter, for the remainder of such five-year period, equivalent reimbursement of healthcare expenses directly by the Company. The provisions of this Section 8 shall survive the termination of the Executive’s employment hereunder.
Benefits Upon Death or Disability. Is amended in that section as follows: Y= then current base Salary and deleted is the copy that read “an amount equal to three (3) times his then current Base Salary.
Benefits Upon Death or Disability. In the event the Executive’s employment terminates due to the death of the Executive or the Executive becoming disabled (as defined in Section 9.2), the Executive’s estate shall receive a one time grant of the Corporation’s Class A Common Stock, $0.001 par value per share (“Common Stock”), within fifteen (15) days of the termination of the Executive’s employment, for such number of shares as calculated as follows: z = y/x; z = number of shares of Common Stock to be received by the Executive’s estate. y = then current Base Salary.
Benefits Upon Death or Disability. In the event of a termination of employment due to the Disability or death of the Executive, he or his legal representatives shall be entitled to receive any unpaid amount of his then current salary through the effective date of such termination, as well as any other benefits which may be payable to him pursuant to Clause 8 hereof (in the case of his Disability only) or which shall have vested and become payable to him under the Benefit Plans as of such effective date or to which the Executive is otherwise entitled upon his Disability or death (as the case may be) under any Benefit Plan or other policy or program of the Company or any Associated Company in accordance with the respective terms of such Benefit Plan, policy or program. If the Executive's employment is terminated by the Company pursuant to this Clause 11.4, the Company shall continue to provide or have provided disability benefits to the Executive and contributions to the Company's retirement plan (or comparable retirement or pension plan) for the Executive for as long as the Executive is under a Disability, but in no event after the Executive has reached the age of 65.
Benefits Upon Death or Disability. In the event of the Executive's death or a termination of the Executive's employment by the Company due to Permanent Disability, the Executive, her executor or her heirs at law, as the case may be, shall be entitled to:
(a) any Base Salary earned but not yet paid and any Seasonal Incentive Compensation accrued in accordance with the provisions of the program as attached hereto but not yet paid;
(b) pro rata Seasonal Incentive Compensation for the season in which death or Permanent Disability occurs determined and payable on the basis of the number of
