Common use of Compensation Upon Disability Clause in Contracts

Compensation Upon Disability. In the event of termination of this Agreement by reason of disability as set forth in Section 4.2 hereof, the Company shall pay to the Executive (a) the Executive’s Base Salary on the date of termination for four (4) months, payable in accordance with the provisions of Section 3.1 hereof and (b) all benefits from the Company and its employee benefit plans earned and accrued as of such termination date.

Appears in 5 contracts

Samples: Employment Agreement (Lovesac Co), Employment Agreement (Lovesac Co), Employment Agreement (Lovesac Co)

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Compensation Upon Disability. In the event of termination of this Agreement by reason of disability as set forth in Section 4.2 hereof, the Company shall pay to the Executive and his heirs, if applicable, (a) the Executive’s Base Salary as in effect on the date of termination for four (4) monthsmonths immediately following the Executive’s date of termination, payable in accordance with the provisions of Section 3.1 hereof hereof, and (b) all benefits from the Company and its employee benefit plans earned and accrued as of such termination date.

Appears in 1 contract

Samples: Employment Agreement (Lovesac Co)

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Compensation Upon Disability. In the event of termination of this Agreement by reason of disability as set forth in Section 4.2 hereof, the Company shall pay to the Executive Executive, (a) the Executive’s Base Salary as in effect on the date of termination for four (4) monthsmonths immediately following the Executive’s date of termination, payable in accordance with the provisions of Section 3.1 hereof hereof, and (b) all benefits from the Company and its employee benefit plans earned and accrued as of such termination date.

Appears in 1 contract

Samples: Employment Agreement (Lovesac Co)

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