Common use of Death or Disabilities Clause in Contracts

Death or Disabilities. If Employee's employment is terminated under Section 6.2(b) hereof by reason of Employee's death or Disability, the Bank shall pay to Employee's legal representatives cash in one lump sum within thirty (30) days after the date of Employee's death or Disability the full amount of the obligations owing or accrued to, vested in, or earned by Employee through the date of Employee's death or disability, including, but not limited to, the Accrued Obligations. Anything in this Agreement to the contrary notwithstanding, the Employee's legal representatives or beneficiaries shall be entitled to receive benefits provided under the then existing or applicable plans, programs, or arrangements and policies of the Bank relating to death or disability. As used herein, "Disabled" shall have the meanings as being disabled under the Guaranty Bancshares, Inc. 1998 Stock Incentive Plan.