Common use of DEATH AND DISABILITY PAYMENTS Clause in Contracts

DEATH AND DISABILITY PAYMENTS. In the event of the termination of Executive's employment due to Executive's death or Disability, Executive or Executive's legal representatives, as the case may be, shall be entitled to: (a) in the case of death, unpaid Base Compensation earned through Executive's date of death and continued Base Compensation at a rate in effect at the time of death for a period of twelve (12) months following the month in which such termination of employment due to death occurs, or in the case of Disability, unpaid Base Compensation earned through Executive's date of termination plus the disability benefit available under Employer's normal procedures and policies for its most senior executives; (b) any performance or special incentive bonus earned but not yet paid; (c) pro rata bonus or other bonus(es) for the year in which employment terminates due to death or Disability; (d) reimbursement for expenses incurred but not yet reimbursed by Employer; and (e) any other compensation and benefits to which Executive or Executive's legal representatives may be entitled under applicable plans, programs and agreements of Employer to the extent permitted under the terms hereof.

DEATH AND DISABILITY PAYMENTS. In the event of the termination of Executive's employment due to Executive's death or Disability, Executive or Executive's legal representatives, as the case may be, shall be entitled to: (a) in the case of death, unpaid Base Compensation earned through Executive's date of death and continued Base Compensation at a rate in effect at the time of death for a period of twelve twenty-four (1224) months following the month in which such termination of employment due to death occurs, or in the case of Disability, unpaid Base Compensation earned through Executive's date of termination plus the disability benefit available under Employer's normal procedures and policies for its most senior executives; (b) Executive or Executive's legal representatives would further be granted a one-time payment of $2,000,000. (c) any performance or special incentive bonus earned but not yet paid; (cd) pro rata bonus or other bonus(es) for the year in which employment terminates due to death or Disability; (de) reimbursement for expenses incurred but not yet reimbursed by Employer; and (ef) any other compensation and benefits to which Executive or Executive's legal representatives may be entitled under applicable plans, programs and agreements of Employer to the extent permitted under the terms hereof.

DEATH AND DISABILITY PAYMENTS. In the event of the termination of Executive's employment due to Executive's death or Disability, Executive or Executive's legal representatives, as the case may be, shall be entitled to: (a) in the case of death, unpaid Base Compensation earned through Executive's date of death and continued Base Compensation at a rate in effect at the time of death for a period of twelve six (126) months following the month in which such termination of employment due to death occurs, or in the case of Disability, unpaid Base Compensation earned through Executive's date of termination plus the disability benefit available under Employer's normal procedures and policies for its most senior executives; (b) any performance or special incentive bonus earned but not yet paid; (c) pro rata bonus or other bonus(es) for the year in which employment terminates due to death or Disability; (d) reimbursement for expenses incurred but not yet reimbursed by Employer; and (e) any other compensation and benefits to which Executive or Executive's legal representatives may be entitled under applicable plans, programs and agreements of Employer to the extent permitted under the terms hereof.