Common use of Death and Disability Clause in Contracts

Death and Disability. In the event that, during the term of this Agreement or during the Compensation Period, the Executive shall die or shall become entitled to benefits under the Corporation's Long-Term Disability Plan, this Agreement shall thereupon terminate and neither the Executive nor any other person shall have any further rights or benefits hereunder (including any rights to Compensation Continuance).

Appears in 9 contracts

Samples: Employment Agreement (Wachovia Corp/ Nc), Employment Agreement (Wachovia Corp/ Nc), Employment Agreement (Wachovia Corp/ Nc)

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Death and Disability. In the event that, during the term of this Agreement or during the Compensation Period, the Executive shall die or shall become entitled to benefits under the Corporation's Long-Term Disability Plan, this Agreement shall thereupon terminate and neither the Executive nor any other person shall have any further rights or benefits hereunder (including any rights to Compensation ContinuanceContinuation Benefits). All rights pertaining to stock options and restricted stock awards held by the Executive as of the date of his death or disability shall be governed by the terms of such stock options and restricted stock awards (and applicable plans).

Appears in 8 contracts

Samples: Employment Agreement (Wachovia Corp/ Nc), Employment Agreement (Wachovia Corp/ Nc), Employment Agreement (Wachovia Corp/ Nc)

Death and Disability. In the event that, during the term of this Agreement or during the Compensation Period, the Executive shall die or shall become entitled to benefits under the Corporation's Long-Term Disability Plan, this Agreement shall thereupon terminate and neither the Executive nor any other person shall have any further rights or benefits hereunder (including any rights to Compensation Continuance). 9.

Appears in 1 contract

Samples: Employment Agreement (Wachovia Corp/ Nc)

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Death and Disability. In the event that, during the term of this Agreement or during the Compensation Period, the Executive shall die or shall become entitled to benefits under the Corporation's Long-Term Disability Plan, this Agreement shall thereupon terminate and neither the Executive nor any other person Person shall have any further rights or benefits hereunder (including any rights anyrights to Compensation Continuance).

Appears in 1 contract

Samples: Employment Agreement (Wachovia Corp/ Nc)

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