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.
Appears in 3 contracts
Samples: Severance Agreement (Pioneer Natural Resources Co), Severance Agreement (Pioneer Natural Resources Co), Severance Agreement (Pioneer Natural Resources Co)
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 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) 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.
Appears in 2 contracts
Samples: Severance Agreement (Pioneer Natural Resources Co), Severance Agreement (Pioneer Natural Resources Co)
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 Areflected 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 identified on Schedule Areflected in the records of the Human Resources Department), which amount shall be paid in cash within 30 days following the date of such Termination of Employment.
Appears in 2 contracts
Samples: Severance Agreement (Pioneer Natural Resources Co), Severance Agreement (Pioneer Natural Resources Co)
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 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 Areflected 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 identified on Schedule Areflected in the records of the Human Resources Department), which amount shall be paid in cash within 30 days following the date of such Termination of Employment.
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