Death, Disability or Normal Retirement Sample Clauses
Death, Disability or Normal Retirement. In the event that Employee’s employment terminates due to Employee’s death or Disability (regardless of whether such Disability termination is initiated by Employee or the Company), or due to the voluntary retirement by Employee (which is not a Termination for Good Reason) at or after attaining Employee’s Normal Retirement Date, Parent or Employer shall pay Employee (or, if applicable, Employee’s beneficiaries or legal representative(s)):
(1) The Earned Salary, as soon as practicable (but not more than 10 days) following Employee’s Date of Termination;
(2) The Accrued Obligations, in accordance with applicable law and the provisions of any applicable plan, program, policy or practice; and
(3) A Separation Payment in an amount equal to Employee’s Base Salary, which shall be paid 10 days following Employee’s Date of Termination, provided that, if, at the Date of Termination, Employee is a “specified employee” within the meaning of Section 409A of the Code, as determined in accordance with the procedures specified or established by the Parent in accordance with such Section 409A and the regulations thereunder (a “Specified Employee”), and the Separation Payment is payable due to Disability or a voluntary retirement on or after Normal Retirement Date, the Separation Payment shall be made six months and one day after Employee’s Date of Termination. In the event that the Separation Payment is made six months and one day after the Date of Termination, it shall be paid with interest from the Date of Termination at a rate equal to Employer’s cost of borrowing under its principal credit facility as in effect at the Date of Termination, as determined in good faith by the Parent’s Chief Financial Officer (the “Employer’s Borrowing Cost”).
Death, Disability or Normal Retirement. In the event that Employee’s employment terminates due to Employee’s death or Disability (regardless of whether such Disability termination is initiated by Employee or the Company), or due to the voluntary retirement by Employee (which is not a Termination for Good Reason) at or after attaining Employee’s Normal Retirement Date, Parent or Employer shall pay Employee (or, if applicable, Employee’s beneficiaries or legal representative(s)):
(1) The Earned Salary, as soon as practicable (but not more than 10 days) following Employee’s Date of Termination;
(2) The Accrued Obligations, in accordance with applicable law and the provisions of any applicable plan, program, policy or practice; and
(3) A Separation Payment in an amount equal to Employee’s Base Salary, which shall be paid, in all cases other than voluntary retirement on or after Normal Retirement Date, within 10 days following Employee’s Date of Termination, and, in the case of voluntary retirement on or after Normal Retirement Date, 6 months and 1 day after Employee’s Date of Termination.
Death, Disability or Normal Retirement. If the Termination of Employment is the result of Officer's death, Disability or Normal Retirement, the Company shall pay the following amounts to Officer (or his/her estate or personal representative):
(A) The Base Salary (at the rate in effect on the date of such Termination of Employment, as identified on Schedule A) pro-rated through and including the date of such Termination of Employment, to the extent not already paid, which amount shall be paid in cash on the first normal semi-monthly Base Salary payment date immediately succeeding the date of such Termination of Employment;
(B) Any amounts arising from Officer's participation in, or benefits under, any Benefit Plan through and including the date of such Termination of Employment, which amounts shall be payable in accordance with the terms and conditions of such Benefit Plan; and
(C) An amount equal to one full year's Base Salary (at the rate in effect on the date of such Termination of Employment, as identified on Schedule A), which amount shall be paid in cash within 30 days following the date of such Termination of Employment.
Death, Disability or Normal Retirement. In the event that Employee’s employment terminates due to Employee’s death or Disability (regardless of whether such Disability termination is initiated by Employee or the Company) or due to the voluntary retirement by Employee (which is not a Termination for Good Reason) at or after attaining Normal Retirement Date, Parent or Employer shall pay Employee (or, if applicable, Employee’s beneficiaries or legal representative(s)):
(1) The Earned Salary, as soon as practicable (but not more than 10 days) following Employee’s Date of Termination;
(2) The Accrued Obligations, in accordance with applicable law and the provisions of any applicable plan, program, policy or practice; and
(3) A Separation Payment in an amount equal to Employee’s Base Salary, which shall be paid, in all cases other than a voluntary retirement on or after Normal Retirement Date, within 10 days following Employee’s Date of Termination, and, in the case of a voluntary retirement on or after Normal Retirement Date, 6 months and 1 day after Employee’s Date of Termination.
Death, Disability or Normal Retirement. In the event of the Grantee’s termination of employment at any time prior to the Final Vesting Date by reason of death, by the Company due to the Grantee’s Disability, or due to the Grantee’s Normal Retirement, any unvested RSUs shall vest in full as of the date of such termination. The vested RSUs shall be settled as described in Section 7(b) below.
Death, Disability or Normal Retirement. If the Termination of Employment is the result of Officer's death, Disability or Normal Retirement, the Company shall pay the following amounts to Officer (or his estate or personal representative):
(A) The Base Salary (at the rate in effect on the date of such Termination of Employment, as reflected in the records of the Human Resources Department) pro-rated through and including the date of such Termination of Employment, to the extent not already paid, which amount shall be paid in cash on the first normal semi-monthly Base Salary payment date immediately succeeding the date of such Termination of Employment;
(B) Any amounts arising from Officer's participation in, or benefits under, any Benefit Plan through and including the date of such Termination of Employment, which amounts shall be payable in accordance with the terms and conditions of such Benefit Plan; and
(C) An amount equal to one full year's Base Salary (at the rate in effect on the date of such Termination of Employment, as reflected in the records of the Human /s/ TAD -------- initials -3- Resources Department), which amount shall be paid in cash within 30 days following the date of such Termination of Employment.
Death, Disability or Normal Retirement. If the Termination of Employment is the result of Officer's death, Disability or Normal Retirement, the Company shall pay the following amounts to Officer (or his estate or personal representative): (A) The Base Salary (at the rate in effect on the date of such Termination of Employment, as identified on Schedule A) through and including the date of such Termination of Employment, to the extent not already paid, which amount shall be paid in cash on the first normal semi-monthly Base Salary payment date immediately succeeding the date of such Termination of Employment;
Death, Disability or Normal Retirement. To the extent the restrictions set forth in Section 2 above have not lapsed in accordance with Section 3 above, in the event that the Participant's employment with the Company and all affiliates terminates due to the Participant's death, Disability (as defined in the Plan) or Normal Retirement (as defined in the Plan), such restrictions shall lapse with respect to a number of Award Shares determined by multiplying the number of Award Shares by a 2 fraction, the numerator of which is the number of full months that have elapsed from the Date of Award to the termination of employment and the denominator of which is the number of full months in the Restriction Period. The Committee may in its discretion waive the restrictions on the remaining Award Shares. Award Shares with respect to which restrictions do not lapse shall be forfeited. In the case of Normal Retirement no Award Shares will be granted if the retirement occurs within the first two (2) years from the grant date.
Death, Disability or Normal Retirement. If the Termination of Employment is the result of Officer's death, Disability or Normal Retirement, the Company shall pay the following amounts to Officer (or his estate or personal representative):
(A) The Base Salary (at the rate in effect on the date of such Termination of Employment, as identified on Schedule A) through and including the date of such Termination of Employment, to the extent not already paid, which amount shall be paid in cash on the first normal semi-monthly Base Salary payment date immediately succeeding the date of such Termination of Employment; and
(B) Any amounts arising from Officer's participation in, or benefits under, any Benefit Plan through and including the date of Termination of Employment, which amounts shall be payable in accordance with the terms and conditions of such Benefit Plan.
Death, Disability or Normal Retirement. If your employment with the Company terminates as a result of your death or a Disability (defined below) or in connection with your Normal Retirement (defined below), all outstanding Phantom Units then held by you automatically shall become fully vested. For purposes of clarity, in the event that your employment with the Company is terminated for any reason other than for Cause at the time that you are eligible for a Normal Retirement, the Company will consider your termination to be in connection with your Normal Retirement for purposes of this Section 3(a). (b)