Common use of Death, Disability or Retirement Clause in Contracts

Death, Disability or Retirement. If Executive’s employment is terminated by reason of Executive’s death, Disability or retirement during the Employment Period, this Agreement shall terminate without further obligations to Executive or Executive’s legal representatives under this Agreement, other than for payment of Accrued Salary and the timely payment or provision of Other Benefits. Accrued Salary shall be paid to Executive or Executive’s estate or beneficiary, as applicable, in a lump sum in cash within 30 days after the Date of Termination. With respect to the provision of Other Benefits, the term Other Benefits as used in this Section 7(b) shall include without limitation, and Executive or Executive’s estate and/or beneficiaries shall be entitled to receive, benefits under such plans, programs, practices and policies relating to death, disability or retirement benefits, if any, as are applicable to Executive on the Date of Termination.

Appears in 9 contracts

Samples: Employment Agreement, Employment Agreement (Faro Technologies Inc), Employment Agreement (Faro Technologies Inc)

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Death, Disability or Retirement. If Executive’s employment is terminated by reason of Executive’s death, Disability or retirement Retirement during the Employment Period, this Agreement shall terminate without further obligations to Executive or Executive’s his legal representatives under this Agreement, other than for payment of Accrued Salary Obligations and the timely payment or provision of Other Benefits. Accrued Salary Obligations shall be paid to Executive or Executive’s estate or beneficiary, as applicable, in a lump sum in cash within 30 days after of the Date of Termination. With respect to the provision of Other Benefits, the term Other Benefits as used in this Section 7(b) shall include include, without limitation, and Executive or Executive’s estate and/or beneficiaries shall be entitled to receive, benefits under such plans, programs, practices and policies relating to death, disability or retirement benefits, if any, as are applicable to Executive on the Date of Termination.

Appears in 6 contracts

Samples: Employment Agreement (Main Street Banks Inc /New/), Employment Agreement (Main Street Banks Inc /New/), Employment Agreement (Main Street Banks Inc /New/)

Death, Disability or Retirement. If Executive’s 's employment is terminated by reason of Executive’s 's death, Disability or retirement Retirement during the Employment Period, this Agreement shall terminate without further obligations to Executive or Executive’s his legal representatives under this Agreement, other than for payment of Accrued Salary Obligations and the timely payment or provision of Other Benefits. Accrued Salary Obligations shall be paid to Executive or Executive’s 's estate or beneficiary, as applicable, in a lump sum in cash within 30 days after of the Date of Termination. With respect to the provision of Other Benefits, the term Other Benefits as used in this Section 7(b) shall include include, without limitation, and Executive or Executive’s 's estate and/or beneficiaries shall be entitled to receive, benefits under such plans, programs, practices and policies relating to death, disability or retirement benefits, if any, as are applicable to Executive on the Date of Termination.

Appears in 4 contracts

Samples: Employment Agreement (First Sterling Banks Inc), Employment Agreement (First Sterling Banks Inc), Employment Agreement (First Sterling Banks Inc)

Death, Disability or Retirement. If Executive’s employment is terminated by reason of Executive’s death, Disability or retirement Retirement during the Employment Period, this Agreement shall terminate without further obligations to Executive or Executive’s legal representatives under this Agreement, other than for payment of Accrued Salary Obligations and the timely payment or provision of Other Benefits. Accrued Salary Obligations shall be paid to Executive or Executive’s estate or beneficiary, as applicable, in a lump sum in cash within 30 days after of the Date of Termination. With respect to the provision of Other Benefits, the term Other Benefits as used in this Section 7(b6(b) shall include without limitation, and Executive or Executive’s estate and/or beneficiaries shall be entitled to receive, benefits under such plans, programs, practices and policies relating to death, disability or retirement benefits, if any, as are applicable to Executive on the Date of Termination.

Appears in 1 contract

Samples: Change in Control Agreement (Genuine Parts Co)

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Death, Disability or Retirement. If Executive’s 's employment is terminated by reason of Executive’s 's death, Disability or retirement Retirement during the Employment Period, this Agreement shall terminate without further obligations to Executive or Executive’s his legal representatives under this Agreement, other than for payment of Accrued Salary Obligations and the timely payment or provision of Other Benefits. Accrued Salary Obligations shall be paid to Executive or Executive’s Executives estate or beneficiary, as applicable, in a lump sum in cash within 30 days after of the Date of Termination. With respect to the provision of Other Benefits, the term Other Benefits as used in this Section 7(b) shall include include, without limitation, and Executive or Executive’s 's estate and/or beneficiaries shall be entitled to receive, benefits under such plans, programs, practices and policies relating to death, disability or retirement benefits, if any, as are applicable to Executive on the Date of Termination.

Appears in 1 contract

Samples: Employment Agreement (Main Street Banks Inc /New/)

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