By Reason of Death or Disability. If the Executive incurs a separation from service with the Company by reason of his death or Disability pursuant to Section 7(a) or 7(b) above, then the Company shall pay to the Executive (or his estate, as appropriate) (i) his then current Base Salary through the termination date, (ii) employee benefits in accordance with terms of the applicable plan documents, and (iii) any earned and unpaid cash bonuses for any previously completed bonus years (clauses (i) through (iii) collectively, the “Accrued Obligations”), within thirty (30) days after the date of separation from service. In addition, if the Executive incurs a separation from service with the Company by reason of his death or Disability pursuant to Section 7(a) or 7(b) above, then the Company shall pay to the Executive (or his estate, as appropriate) within 2-1/2 months following the fiscal year in which such separation of service occurs an amount equal to a pro rata share of the Executive’s cash bonus for the fiscal year in which such separation from service occurs based on actual performance for such fiscal year (without regard to the requirement to be employed on the payment date) in an amount equal to the Executive’s bonus multiplied by the number of days the Executive was employed by the Company in such fiscal year divided by three hundred and sixty-five (365) (the “Pro Rata Bonus”). Thereafter, the Company shall have no further obligations to the Executive.
By Reason of Death or Disability. If you incur a Separation from Service during the Additional Vesting Period by reason of your death or Disability, the restrictions on the Restricted Stock shall lapse and the shares shall be fully vested as of the date of such Separation from Service.
By Reason of Death or Disability. This agreement shall automatically terminate in the event of your death during employment. In the event you become disabled during employment and, as a result, are unable to continue to perform substantially all of your duties and responsibilities under this agreement, SupplierMarket will continue to pay you your base salary and to provide you benefits in accordance with Section 2c above for up to 12 weeks of disability during any period of 365 consecutive calendar days. If you are unable to return to work after 12 weeks of disability, SupplierMarket may terminate your employment, upon notice to you. If any question shall arise as to whether you are disabled to the extent that you are unable to perform substantially all of your duties and responsibilities for SupplierMarket, you shall, at SupplierMarket's request, submit to a medical examination by a physician selected by SupplierMarket to whom you or your guardian, if any, has no reasonable objection to determine whether you are so disabled and such determination shall for the purposes of this agreement be conclusive of the issue. If such a question arises and you fail to submit to the requested medical examination, SupplierMarket's determination of the issue shall be binding on you.
By Reason of Death or Disability. If the Employee dies during his employment during the term of this Agreement, the Company shall have no further obligation to pay compensation or other benefits, except that the Employee's estate shall be entitled to receive an amount equal to twenty four (24) months of the employee's salary at his then current rate, and, if the Employee had received a cash performance bonus, or a cash performance bonus was earned and payable, with respect to a fiscal year of the Company ending within the three year period immediately preceding the date of the Employee's death, an amount equal to two (2) times the highest performance cash bonus in fact paid to the employee, or in fact earned and payable to the employee, for any fiscal year of the Company ending during such three year period, such amounts to be payable, at the election of the Company, monthly or quarterly in arrears over the twenty- four (24) months subsequent to the Employee's death. if during the term of the employee's employment he becomes disabled (by reason of physical disability, mental incompetence or otherwise) for such period of time and under circumstances which entitle him to receive disability benefits under the terms of any disability insurance policy now maintained or to be purchased for the Employee by the Company, then the Board of Directors of the Company, in its discretion, may elect to terminate the Employee's employment by reason of such disability as of the date benefits first become payable under such disability policy by giving the employee written notice to such effect. Upon any such termination for disability, the employee shall be entitled to receive severance payments equal to twenty four (24) months salary at the Employee's then current rate payable over twenty four (24) months and, if the employee had received a cash performance bonus, or a cash performance bonus was earned and payable, with respect to a fiscal year of the Company ending within the three year period immediately preceding the date of such termination, an amount equal to two (2) times the highest performance cash bonus in fact paid to the employee, or in fact earned and payable to the Employee, for any fiscal year of the Company ending during such three year period, reduced by any amounts received by the employee pursuant to any disability insurance policy maintained or paid for by the Company. The employee shall be deemed to be disabled for the purposes of this Section 4.E. if he is unable to perform his duties h...
By Reason of Death or Disability. Subject to Section 3(c)(iii), if the Director’s service terminates as a result of the Director’s death or Disability, all of the Director’s unvested Units shall become fully and immediately vested upon such termination of service.
By Reason of Death or Disability. If, at a time described in this Section 5(B), the Executive's employment is terminated by reason of the Executive's death or Disability, this Agreement shall terminate without further obligations to or in respect of the Executive under this Agreement, other than for (a) payment of Accrued Obligations (which shall be paid to the Executive or the Executive's Beneficiary in a lump sum in cash (or common stock of the Company with respect to certain payments under the LICP) within 30 days of the Date of Termination), (b) the timely payment or provision of the Welfare Benefit Continuation and Other Benefits in accordance with Section 5(B)(i), and (c) fulfillment of the requirements of Section 3(B)(ii)(b), Section 5(C) and (D) (to the extent applicable), Section 6 and Section 16.
By Reason of Death or Disability. If the Employee dies during his employment during the term of this Agreement, the Company shall have no further obligation to pay compensation or other benefits, except that the Employee's estate shall be entitled to receive: (1) an amount equal to the balance of the Employee's salary through July 16, 2000 at his then current rate, (ii) if payable, an amount equal to the Performance Bonus Amount, payable in arrears in monthly or quarterly installments at the election of the Company, and (iii) Stock Options as provided in Section 3.D. If during the term of the Employee's employment he becomes disabled (by reason of physical disability, mental incompetence or otherwise) for such period of time and under circumstance which entitle him to receive disability benefits under the terms of any disability insurance policy now maintained or purchased for the Employee by the Company, then the Board of Directors of the Company, in its discretion, may elect to terminate the Employee's employment by reason of such disability as of the date benefits first became payable under such disability policy by giving the Employee written notice to such effect. Upon any such termination for disability, the Employee shall be entitled to receive (i) severance payments equal to the balance of the Employee's salary through July 16, 2000, at the Employee's then current rate; (ii) if payable, an amount equal to the Performance Bonus Amount, payable in arrears in monthly or quarterly installments at the election of the Company, reduced by any amounts received by the Employee pursuant to any disability insurance policy maintained or paid for by the Company; and (iii) Stock Options as provided in Section 3.D. The Employee shall be deemed to be disabled for the purposes of this Section 4.E. if he is unable to perform his duties hereunder for a period of three consecutive months.
By Reason of Death or Disability. Subject to Section 3(d)(iv), if the Executive’s employment terminates as a result of the Executive’s death or Disability, (x) all of the Executive’s unvested Service Units shall become fully and immediately vested upon such termination of employment, and (y) all of the Executive’s unvested Performance Units shall automatically be forfeited.
By Reason of Death or Disability. In the event that your employment is terminated by the Company for Disability (as defined below) or by reason of your death, you will be entitled to the following payments and benefits: • any accrued and unpaid Base Salary; • any annual cash bonus earned but unpaid in respect of any completed fiscal year preceding the termination date; • reimbursement for any and all monies advanced or expenses incurred in connection with your employment for reasonable and necessary expenses incurred by you on Jxxx X. Xxxx behalf of the Company for the period ending on the termination date; • any accrued and unpaid vacation pay; • an amount equal to the annual cash bonus that you would have been entitled to receive in respect of the fiscal year in which your termination date occurs, had you continued in employment until the end of such fiscal year, which amount shall be determined based on actual performance for such year relative to the applicable performance goals and shall be paid at the time such annual bonus would otherwise have become payable; • the Sign-On Option shall become immediately vested and exercisable and shall remain exercisable for its full original term; and • the Company shall provide you (or, if your employment is terminated by reason of your death, your dependents) with continued coverage under any health, medical, dental, vision or life insurance program or policy in which you were eligible to participate as of the time of your termination of employment, which coverage shall (i) continue for 18 months following such termination, (ii) be on terms no less favorable to you and your dependents (including with respect to payment for the costs thereof) than those in effect for executive officers of the Company immediately prior to such termination, and (iii) become secondary to any coverage provided to you by a subsequent employer and to any Medicare coverage for which you become eligible.
By Reason of Death or Disability. If, at a time described in this Section 5(C), the Executive's employment is terminated by reason of the Executive's death or Disability, this Agreement shall terminate without further obligations to or in respect of the Executive under this Agreement, other than for (a) payment of Accrued Obligations (which shall be paid to the Executive or the Executive's Beneficiary in a lump sum in cash (or common stock of the Company with respect to certain payments under the LICP) within 30 days of the Date of Termination), (b) the timely payment or provision of the Welfare Benefit Continuation and Other Benefits in accordance with Section 5(C)(i), (c) the timely delivery of all shares of Stock to which the Executive has a vested right pursuant to Section 3(B)(ii), together with a cash amount equal to all dividends that were payable with respect to such shares of Stock from the Effective Date through the date of delivery as provided in
