Common use of Compensation upon Death or Disability Clause in Contracts

Compensation upon Death or Disability. Upon the death of Employee, or termination of employment because Employee is Disabled, Employer shall pay to Employee, his legal guardian or the legal representative of Employee’s estate (or heir as designated by the legal representative of Employee’s estate at such time), within thirty (30) days following the date of Employee’s death or termination, the Salary, any accrued but unpaid bonus amounts payable to Employee and any compensation previously deferred by Employee to the extent not theretofore paid through the date of death or termination (to be paid when it otherwise would have been payable). In addition, any incentive stock options granted to Employee that have not vested shall be deemed automatically to have vested upon the date of such death or termination. Subject to the requirements of Federal COBRA laws, Employee (or such legal guardian, legal representative or any heirs) shall not be entitled to any other compensation, remuneration or other sums provided for in this Agreement or to which Employee might otherwise be entitled hereunder or at law or in equity, provided that Employee shall receive such disability and death benefits to which Employee may be entitled as a participant in the benefit plans of Employee in which employee participates, it being understood and agreed that if Employee is being paid under a disability insurance plan, Employer shall not be obligated to also pay Salary to Employee.

Compensation upon Death or Disability. Upon the death of Employee, or termination of employment because Employee is Disabled, Employer shall pay to Employee, his Employee's legal guardian or the legal representative of Employee’s 's estate (or heir as designated by the legal representative of Employee’s 's estate at such time), within thirty (30) days following the date of Employee’s 's death or termination, the SalarySalary and Bonus Amount, any if any, accrued but and unpaid bonus amounts payable to Employee and any compensation previously deferred by Employee to the extent not theretofore paid through the date of death termination and shall pay and provide to Employee, Employee's legal guardian or termination (the legal representative of Employee's estate the amounts and items payable and to be paid when it otherwise would have been payable). In addition, any incentive stock options granted to Employee that have not vested shall be deemed automatically to have vested upon provided under Section 6 through the date of such death or termination. Subject to the requirements of Federal COBRA laws, ; and Employee (or such legal guardian, legal representative or any heirs) shall not be entitled to any other compensation, remuneration or other sums provided for in this Employment Agreement or to which Employee might otherwise be entitled hereunder or at law or in equity, provided that Employee shall receive such disability and death equity (except with respect to benefits to which Employee may be entitled as a participant in the become payable under any employee benefit plans of Employer as a result of Employee's death or disability). In the event that death or termination of employment as a result of Employee in which employee participatesbecoming Disabled occurs during a year and prior to any Bonus Amount of Employee being declared by Employer for such year, it being understood and agreed that if Employee is being paid the Bonus Amount under a disability insurance plan, Employer this Subsection D. for such partial year of employment shall not be obligated to also pay Salary to Employeeprorated through the date of such death or termination based upon the prior year's Bonus Amount.