Common use of DEATH OR DISABILITY AFTER TERMINATION Clause in Contracts

DEATH OR DISABILITY AFTER TERMINATION. Should the Executive die or become disabled before receipt of any or all payments to which the Executive is entitled to under Section 3.4 (or in the case of the Executive's death following his termination on account of Permanent Disability, before receipt of all payments under Section 3.5) then the balance of the payments to which the Executive is entitled shall continue to be paid to the Executive (in the case of his disability) or to the executors or administrators of the Executive's estate (in the event of the Executive's death); provided, however, that the Company may, at any time within its discretion, accelerate any payments and pay the Executive or his estate the present value of such payments in a lump sum cash payment. For purposes of determining the present value under this Section 3.6, the interest rate shall be the prime rate of Citibank, N.A.

DEATH OR DISABILITY AFTER TERMINATION. Should the Executive die or become disabled before receipt of any or all payments to which the Executive is entitled to under Section 3.4 (or in the case of the Executive's death following his her termination on account of Permanent Disability, before receipt of all payments under Section 3.5) then the balance of the payments to which the Executive is entitled shall continue to be paid to the Executive (in the case of his disability) or to the executors or administrators of the Executive's estate (in the event of the Executive's death); provided, however, that the Company may, at any time within its discretion, accelerate any payments and pay the Executive or his her estate the present value of such payments in a lump sum cash payment. For purposes of determining the present value under this Section 3.6, the interest rate shall be the prime rate of Citibank, N.A.

DEATH OR DISABILITY AFTER TERMINATION. Should the Executive die or become disabled before receipt of any or all payments to which the Executive is entitled to under Section 3.4 (or in the case of the Executive's death following his termination on account of Permanent Disability, before receipt of all payments under Section 3.5) then the balance of the payments to which the Executive is entitled shall continue to be paid to the Executive (in the case of his disability) or to the executors or administrators of the Executive's estate (in the event of the Executive's death); provided, however, that the Company may, at any time within its discretion, accelerate any payments and pay the Executive or his estate the present value of such payments in a lump sum cash payment. For purposes of determining the present value under this Section 3.6, the interest rate shall be the prime rate of Citibank, N.A.

DEATH OR DISABILITY AFTER TERMINATION. Should the Executive die or become disabled before receipt of any or all payments to which the Executive is entitled to under Section 3.4 (or in the case of the Executive's death following his termination on account of Permanent Disability, before receipt of all payments under Section 3.5) then the balance of the payments to which the Executive is entitled shall continue to be paid to the Executive (in the case of his disability) or to the executors or administrators of the Executive's estate (in the event of the Executive's death); provided, however, that the Company may, at any time within its discretion, accelerate any payments and pay the Executive or his estate the present value of such payments in a lump sum cash payment. For purposes of determining the present value under this Section 3.6, the interest rate shall be the prime rate Prime Rate of Citibank, N.A.