Common use of Compensation Other Than Severance Payment Clause in Contracts

Compensation Other Than Severance Payment. 5.1. Following a Change in Control, during any period that the Executive fails to perform the Executive's full-time duties with the Company as a result of incapacity due to physical or mental illness, the Company shall pay the Executive's full salary to the Executive at the rate in effect at the commencement of such period (or the rate in effect immediately prior to the Change in Control, if higher), together with all compensation and benefits payable to the Executive under the terms of any compensation or benefit plan, program or arrangement maintained by the Company during such period, until the Executive's employment is terminated by the Company for Disability or the Executive resumes full-time duties, subject to the other termination provisions of this Agreement.

Appears in 29 contracts

Samples: Agreement (BNS Co), Cic" Agreement (Brown & Sharpe Manufacturing Co /De/), Cic" Agreement (Brown & Sharpe Manufacturing Co /De/)

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