Common use of Compensation Other Than Severance Payments Clause in Contracts

Compensation Other Than Severance Payments. SECTION 4.01. Following a Change of Control, during any period that the Executive fails to perform the Executive’s full-time duties with the Company as a result of Disability, the Executive shall be compensated as provided pursuant to the terms of the Company’s short- and long-term disability plans as in effect as of immediately prior to a Change of Control or, if more favorable, as of any time thereafter, together with all other compensation and benefits payable to the Executive pursuant to the terms of any compensation or benefit plan, program or arrangement maintained by the Company during such period.

Appears in 9 contracts

Samples: Executive Termination Agreement (Millipore Corp /Ma), Executive Termination Agreement (Millipore Corp /Ma), Executive Termination Agreement (Millipore Corp /Ma)

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Compensation Other Than Severance Payments. SECTION 4.01. 5.1 Following a Change of Controlin Control and during the Term, during any period that the Executive fails to perform the Executive’s full-time duties with the Company as a result of Disabilityincapacity due to physical or mental illness, the Executive Company shall be compensated as provided pursuant pay to the terms of Executive an amount that when added to the amount paid to the Executive under the Company’s short- and short-term and/or long-term disability plans as plans, will result in the Executive receiving his full salary at the rate in effect as of immediately prior to a Change of Control or, if more favorable, as at the commencement of any time thereaftersuch period, together with all other compensation and benefits payable to the Executive pursuant to under the terms of any other 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.

Appears in 7 contracts

Samples: Change in Control Agreement (Visteon Corp), Change in Control Agreement (Visteon Corp), Change in Control Agreement (Visteon Corp)

Compensation Other Than Severance Payments. SECTION 4.01. 5.1 Following a Change of Controlin Control and during the Term, during any period that the Executive fails to perform the Executive’s full-time duties with the Company as a result of Disabilityincapacity due to physical or mental illness, the Executive Company shall be compensated as provided pursuant pay the Executive’s full salary to the terms of Executive at the Company’s short- and long-term disability plans as rate in effect as of immediately prior to a Change of Control or, if more favorable, as at the commencement of any time thereaftersuch period, together with all other compensation and benefits payable to the Executive pursuant to under the terms of any compensation compensation, benefit or benefit incentive plan, program or arrangement maintained by the Company during such period, until the Executive’s employment is terminated by the Company for Disability.

Appears in 6 contracts

Samples: Severance Agreement (Piedmont Natural Gas Co Inc), Severance Agreement (Piedmont Natural Gas Co Inc), Severance Agreement (Piedmont Natural Gas Co Inc)

Compensation Other Than Severance Payments. SECTION 4.01. 5.1 Following a Change of Controlin Control and during the Term, during any period that the Executive fails to perform the Executive’s 's full-time duties with the Company as a result of Disabilityincapacity due to physical or mental illness, the Executive Company shall be compensated as provided pursuant pay the Executive's full salary to the terms of Executive at the Company’s short- and long-term disability plans as rate in effect as of immediately prior to a Change of Control or, if more favorable, as at the commencement of any time thereaftersuch period, together with all other compensation and benefits payable to the Executive pursuant to under the terms of any compensation compensation, benefit or benefit incentive plan, program or arrangement maintained by the Company during such period, until the Executive's employment is terminated by the Company for Disability.

Appears in 5 contracts

Samples: Severance Agreement (Piedmont Natural Gas Co Inc), Severance Agreement (Piedmont Natural Gas Co Inc), Severance Agreement (Piedmont Natural Gas Co Inc)

Compensation Other Than Severance Payments. SECTION 4.01. 5.1 Following a Change of Controlin Control and during the Term, during any period that the Executive fails to perform the Executive’s full-time duties with the Company as a result of Disabilityincapacity due to physical or mental illness, the Executive Company shall be compensated as provided pursuant pay the Executive’s full salary to the terms of Executive at the Company’s short- and long-term disability plans as rate in effect as of immediately prior to a Change of Control or, if more favorable, as at the commencement of any time thereaftersuch period, together with all other compensation and benefits payable to the Executive pursuant to 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.

Appears in 4 contracts

Samples: Management Continuity Agreement (Cooper Industries PLC), Employment Agreement (Ferro Corp), Management Continuity Agreement (Cooper Industries LTD)

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Compensation Other Than Severance Payments. SECTION 4.01. 5.1 Following a Change of Controlin Control and during the Term, during any period that the Executive fails to perform the Executive’s full-time duties with the Company as a result of Disabilityincapacity due to physical or mental illness, the Executive Company shall be compensated as provided pursuant pay to the terms of Executive an amount that when added to the amount paid to the Executive under the Company’s short- and short-term and/or long-term disability plans as plans, will result in the Executive receiving her full salary at the rate in effect as of immediately prior to a Change of Control or, if more favorable, as at the commencement of any time thereaftersuch period, together with all other compensation and benefits payable to the Executive pursuant to under the terms of any other 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.

Appears in 1 contract

Samples: Change in Control Agreement (Visteon Corp)

Compensation Other Than Severance Payments. SECTION 4.01. 5.1 Following a Change of Controlin Control and during the Term, during any period that the Executive fails to perform the Executive’s 's full-time duties with the Company as a result of Disabilityincapacity due to physical or mental illness, the Executive Company shall be compensated as provided pursuant pay to the terms of Executive an amount that when added to the amount paid to the Executive under the Company’s short- and 's short-term and/or long-term disability plans as plans, will result in the Executive receiving his full salary at the rate in effect as of immediately prior to a Change of Control or, if more favorable, as at the commencement of any time thereaftersuch period, together with all other compensation and benefits payable to the Executive pursuant to under the terms of any other 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.

Appears in 1 contract

Samples: Control Agreement (Visteon Corp)

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