Common use of Death or Disability/Incapacity Clause in Contracts

Death or Disability/Incapacity. (i) Upon Employee’s death, during the term of this Agreement, Employee’s estate’s sole entitlement will be to his then current Base Salary for any days worked prior to his death, amounts payable on account of Employee’s death under any insurance or benefit plans or policies maintained by the Company, and any vested benefits to which Employee is entitled under the Company’s employee benefit or other plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans. (ii) On termination for disability or incapacity, Employee’s sole entitlement will be to his then current Base Salary for any days worked prior to the date of termination, amounts payable on account of disability or incapacity under any insurance or benefit plans or policies maintained and any vested benefits to which Employee is entitled under the Company’s stock option and employee benefit plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans.

Appears in 2 contracts

Samples: Employment Agreement (Bon Ton Stores Inc), Employment Agreement (Bon Ton Stores Inc)

AutoNDA by SimpleDocs

Death or Disability/Incapacity. (i) Upon Employee’s On death, during the term of this Agreement, Employee’s estate’s sole entitlement will be to his then current rate of Base Salary for any days worked prior to his death, amounts payable on account of Employee’s death under any insurance or benefit plans or policies maintained by the Company, and any vested benefits to which Employee is entitled under the Company’s employee benefit or other plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans. (ii) On termination for disability or incapacity, Employee’s sole entitlement will be to his then current rate of Base Salary for any days worked prior to the date of termination, amounts payable on account of disability or incapacity under any insurance or benefit plans or policies maintained by the Company and any vested benefits to which Employee is entitled under the Company’s stock option and employee benefit or other plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans.

Appears in 1 contract

Samples: Employment Agreement (Bon Ton Stores Inc)

Death or Disability/Incapacity. (i) Upon Employee’s On death, during the term of this Agreement, Employee’s 's estate’s 's sole entitlement will be to his then current Base Salary base salary for any days worked prior to his death, amounts payable on account of Employee’s 's death under any insurance or benefit plans or policies maintained by the Company, and any vested benefits payouts to which Employee he is entitled under the bonus plan then in effect, if any, and the Company’s employee benefit or other 's stock option plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans. (ii) On termination for disability or incapacity, Employee’s 's sole entitlement will be to his then current Base Salary base salary for any days worked prior to the date of termination, amounts payable on account of disability or incapacity under any insurance or benefit plans or policies maintained by the Company, and any vested benefits payouts to which Employee he is entitled under the bonus plan then in effect, if any, and the Company’s 's stock option and employee benefit plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans.

Appears in 1 contract

Samples: Employment Agreement (Bon Ton Stores Inc)

AutoNDA by SimpleDocs

Death or Disability/Incapacity. (i) Upon Employee’s death, during the term of this Agreement, Employee’s estate’s sole entitlement will be to his her then current Base Salary for any days worked prior to his her death, amounts payable on account of Employee’s death under any insurance or benefit plans or policies maintained by the Company, and any vested benefits to which Employee is entitled under the Company’s employee benefit or other plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans. (ii) On termination for disability or incapacity, Employee’s sole entitlement will be to his her then current Base Salary for any days worked prior to the date of termination, amounts payable on account of disability or incapacity under any insurance or benefit plans or policies maintained and any vested benefits to which Employee is entitled under the Company’s stock option and employee benefit plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans.

Appears in 1 contract

Samples: Employment Agreement (Bon Ton Stores Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!