Common use of Death, Disability or Termination Without Cause Clause in Contracts

Death, Disability or Termination Without Cause. If the Retention Bonus is not earned because Employee dies, becomes disabled and unable to work, or is terminated without cause, Employee shall be entitled to the full Retention Bonus. Employee shall retain and not be required to repay any previous Installment Payments already made, as well as, be entitled to payment of any future Installment Payments payable in compliance with Section 4 above.

Appears in 3 contracts

Samples: Retention Bonus Agreement (PET Acquisition LLC), Retention Bonus Agreement (PET Acquisition LLC), Retention Bonus Agreement (PET Acquisition LLC)

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Death, Disability or Termination Without Cause. If the Retention Bonus is not earned because Employee dies, becomes permanently disabled and unable to work, or is terminated without causeCause, Employee shall be entitled to retain the full Retention Bonus. Employee shall retain and not be required to repay any previous Installment Payments already made, as well as, be entitled to payment of any future Installment Payments payable in compliance with Section 4 above.

Appears in 1 contract

Samples: Retention Bonus Agreement (Petco Health & Wellness Company, Inc.)

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