Death or Disability; Retirement Sample Clauses

Death or Disability; Retirement. (i) If the Executive's employment terminates before the Expiration Date because of Executive's death or Disability (as defined herein), the Company shall pay Executive or Executive's duly appointed personal representative, as the case may be, (i) any unpaid salary through the date of death or the Disability Termination Date (as defined herein), as well as reimbursement of any unpaid reimbursable expenses incurred on behalf of the Company, (ii) an amount equal to Executive's monthly salary during each of the six (6) months following Executive's death or the Disability Termination Date, and (iii) the Target Bonus for the calendar year in which Executive dies or becomes Disabled, prorated for the portion of such year preceding Executive's death or the Disability Termination Date, which shall be paid not later than 120 days after the end of such year. Except as set forth in this Section 6(b), the Company shall have no additional obligations to the Executive under this Agreement in the event of Executive's termination of employment under this Section 6(b). (ii) In addition to the foregoing and notwithstanding any other agreement between the Executive and the Company, all Accelerated Options which were held by the Executive at the time of the Executive's Retirement, death or the Disability Termination Date, shall become fully exercisable and shall remain exercisable by the Executive or by the Executive's estate or his representative, as the case may be, during the remaining original term of the Accelerated Option in the case of the Executive's Retirement or Disability, or during the 3-year period following the date of the Executive's death.
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Death or Disability; Retirement. In the event the Optionee dies while he is in the employ of the Company or any affiliate or if his employment is terminated by reason of his retirement on or after attaining age 62 or by reason of his disability, the Option, to the extent not theretofore exercised, may be exercised in full as follows: (i) by the legal representative of the Optionee (who for purposes of this Agreement may be the Optionee's beneficiary as designated pursuant to Paragraph 9) at any time within twelve months after the date of the Optionee's death while in the employ of the Company or any affiliate; or (ii) by the Optionee or his legal representative or guardian at any time within twelve months after the termination of the Optionee's employment by reason of retirement on or after attaining age 62 or by reason of his disability, but in no event under subparagraphs (i) or (ii) later than ten years after the date of grant of the Option.
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Death or Disability; Retirement. If the Participant’s Employment is terminated (x) due to the Participant’s death or Disability, or (y) by either party when the Participant is eligible for Retirement (unless the termination is by the Company with Cause, or by the Participant when grounds existed for Cause at the time thereof), the Participant may exercise the Vested Portion of an Option for a period ending on the earlier of (A) 180 days following such termination of Employment and (B) the expiration of the Option Period;
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Death or Disability; Retirement. In the event the Optionee dies while he or she is in the employ of the Company or any affiliate or if his or her employment is terminated by reason of his or her disability, the Option, to the extent not theretofore exercised, may be exercised in full as follows: (i) by the legal representative of the Optionee (who for purposes of this Agreement may be the Optionee’s beneficiary as designated pursuant to Paragraph 9) at any time within twelve months after the date of the Optionee’s death while in the employ of the Company or any affiliate; or (ii) by the Optionee or his or her legal representative or guardian at any time within twelve months after the termination of the Optionee’s employment by reason of disability, but in either case in no event later than ten years after the date of grant of the Option. In the event the Optionee’s employment is terminated by reason of his or her retirement (with the consent of the Company) after reaching age 57 but before reaching age 62, the Option, to the extent not theretofore exercised but then permitted under the percentage limitations of Paragraph 3 hereof, may be exercised by the Optionee or by his or her legal representative or guardian at any time within twelve months after termination of the Optionee’s employment by reason of retirement, but in no event later than ten years after the date of grant of the Option. In the event the Optionee’s employment is terminated by reason of his or her retirement (with the consent of the Company) after reaching age 62 but before reaching age 65, the Option, to the extent not theretofore exercised but permitted under the percentage limitations of Paragraph 3 hereof as though the Optionee had, as of his or her retirement date, actually been employed by the Company for twelve months beyond such retirement date, may be exercised by the Optionee or by his or her legal representative or guardian at any time within twelve months after termination of the Optionee’s employment by reason of retirement, but in no event later than ten years after the date of grant of the Option. In the event the Optionee’s employment is terminated by reason of his or her retirement after reaching age 65, the Option, to the extent not theretofore exercised, may be exercised in full by the Optionee or his or her legal representative or guardian at any time within three years of the termination of the Optionee’s employment by reason of retirement, but in no event later than ten years after the date of grant...
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Death or Disability; Retirement. In the event the Optionee dies while he or she is an employee of the Company or any Affiliate or if his or her employment is terminated by reason of his or her disability, as defined in the Alliant Energy Cash Balance Pension Plan, the Option shall immediately vest one hundred percent (100%) and, to the extent not theretofore exercised, may be exercised in full as follows: (i) by the legal representative of the Optionee (who for purposes of this Agreement may be the Optionee's beneficiary as designated pursuant to Paragraph 9) at any time within twelve months after the date of the Optionee's death while an employee of the Company or any Affiliate; or (ii) by the Optionee or his or her legal representative or guardian at any time within twelve months after the termination of the Optionee's employment by reason of disability, but in either case in no event later than the Expiration Date. In the event the Optionee's employment is terminated by reason of his or her retirement after satisfying the minimum requirements for eligibility to receive an "Early Retirement Benefit" under the Alliant Energy Cash Balance Pension Plan ("Retirement"), the Option shall immediately vest one hundred percent (100%) and, to the extent not theretofore exercised, may be exercised in full by the Optionee or by his or her legal representative or guardian at any time within three years after termination of the Optionee's employment by reason of Retirement, but in no event later than the Expiration Date. In the event the Optionee's employment is terminated by reason of his or her Retirement or by reason of his or her disability, as defined in the Alliant Energy Cash Balance Pension Plan, and within the subsequent exercise period the Optionee dies, the Option, to the extent not theretofore exercised, may be exercised in full by the Optionee's legal representative or guardian at any time within the longer of one year following death or the remainder of the expiration period triggered by the termination of employment, but in no event later than the Expiration Date.
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Death or Disability; Retirement. In the event the Optionee dies while he is in the employ of the Company or any affiliate or if his employment is terminated by reason of his Retirement (as hereinafter defined) or by reason of his Disability (as hereinafter defined) the Option, to the extent not theretofore exercised, may be exercised in full as follows: (i) by the legal representative of the Optionee (who for purposes of this Agreement may be the Optionee's beneficiary as designated pursuant to Paragraph 9) at any time within twelve (12) months after the date of the Optionee's death while in the employ of the Company or any affiliate; or (ii) by the Optionee or his legal representative or guardian at any time within twelve months after the termination of the Optionee's employment by reason of Retirement (as hereinafter defined) or by reason of his Disability (as hereinafter defined), but in no event under subparagraphs (i) or (ii) later than ten years after the date of grant of the Option. For purposes of this Agreement, Optionee's employment shall be deemed to have been terminated by reason of his "Retirement" if his employment is terminated voluntarily or involuntarily for any reason other than Cause (as hereinafter defined) on or after attaining age 65 or, voluntarily by Optionee with the consent of the Board of Directors of the Company after not less than five (5) years of service with the Company, which consent will not be unreasonably withheld. For purposes hereof, "Disability" shall mean "Disability" as defined in Paragraph 9(c) of the Employment Agreement between Optionee and the Company dated the date hereof ("Employment Agreement").
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Death or Disability; Retirement. In the event the Participating Key Employee dies while he or she is in the employ of the Company or an Affiliate thereof or if his or her employment is terminated by reason of retirement on or after attaining age 62 or by reason of his or her disability, the SARs, to the extent not theretofore exercised, may be exercised in full as follows: (i) by the Beneficiary at any time within twelve months after the date of the Participating Key Employee’s death while in the employ of the Company or an Affiliate thereof; or (ii) by the Participating Key Employee at any time within twelve months after the termination of Participating Key Employee’s employment by reason of retirement on or after attaining age 62 or by reason of his or her disability, but in no event later than the 10-Year Maturity Date.
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Death or Disability; Retirement. In the event the Optionee dies while he is in the employ of the Company or any affiliate or if his employment is terminated by reason of his disability, the Option, to the extent not theretofore exercised, may be exercised in full as follows: (i) by the legal representative of the Optionee (who for purposes of this Agreement may be the Optionee's beneficiary as designated pursuant to Paragraph 9) at any time within twelve months after the date of the Optionee's death while in the employ of the Company or any affiliate; or (ii) by the Optionee or his legal representative or guardian at any time within twelve months after the termination of the Optionee's employment by reason of disability, but in either case in no event later than ten years after the date of grant of the Option. In the event the Optionee's employment is terminated by reason of his retirement after reaching age 65, the Option, to the extent not theretofore exercised, may be exercised in full by the Optionee or his legal representative or guardian at any time within three years of the termination of the Optionee's employment by reason of retirement, but in no event later than ten years after the date of grant of the Option.
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Death or Disability; Retirement. In the event the Optionee dies while he or she is in the employ of the Company or any affiliate or if his or her employment is terminated by reason of his or her retirement on or after attaining age 62 or by reason of his or her disability, the Option, to the extent not theretofore exercised, may be exercised in full as follows: (i) by the legal representative of the Optionee (who for purposes of this Agreement may be the Optionee's beneficiary as designated pursuant to Paragraph 9) at any time within twelve months after the date of the Optionee's death while in the employ of the Company or any affiliate; or (ii) by the Optionee or his or her legal representative or guardian at any time within twelve months after the termination of the Optionee's employment by reason of retirement on or after attaining age 62 or by reason of his or her disability, but in no event under subparagraphs (i) or (ii) later than ten years after the date of grant of the Option.
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Related to Death or Disability; Retirement

  • Retirement, Death or Disability If the Executive’s employment terminates during the Term of this Agreement due to his death, a disability that results in his collection of any long-term disability benefits, or retirement at or after age 62, the Executive (or the beneficiaries of his estate) shall be entitled to receive the compensation and benefits that the Executive would otherwise have become entitled to receive pursuant to subsection (d) hereof upon a resignation without Good Reason.

  • Death or Disability The Executive's employment shall terminate automatically upon the Executive's death during the Employment Period. If the Company determines in good faith that the Disability of the Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to the Executive written notice in accordance with Section 12(b) of this Agreement of its intention to terminate the Executive's employment. In such event, the Executive's employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Executive (the "Disability Effective Date"), provided that, within the 30 days after such receipt, the Executive shall not have returned to full-time performance of the Executive's duties. For purposes of this Agreement, "Disability" shall mean the absence of the Executive from the Executive's duties with the Company on a full-time basis for 180 consecutive business days as a result of incapacity due to mental or physical illness which is determined to be total and permanent by a physician selected by the Company or its insurers and acceptable to the Executive or the Executive's legal representative.

  • Death, Retirement or Disability Executive’s employment shall terminate automatically upon Executive’s death or Retirement during the Employment Period. For purposes of this Agreement, “Retirement” shall mean normal retirement as defined in the Company’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean voluntary termination after age 65 with ten years of service. If the Company determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to Executive written notice of its intention to terminate Executive’s employment. In such event, Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such written notice by Executive (the “Disability Effective Date”), provided that, within the 30 days after such receipt, Executive shall not have returned to full-time performance of Executive’s duties. For purposes of this Agreement, “Disability” shall mean a mental or physical disability as determined by the Board of Directors of the Company in accordance with standards and procedures similar to those under the Company’s employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, “Disability” shall mean the inability of Executive, as determined by the Board, to perform the essential functions of his regular duties and responsibilities, with or without reasonable accommodation, due to a medically determinable physical or mental condition which has lasted (or can reasonably be expected to last) for twelve workweeks in any twelve-month period. At the request of Executive or his personal representative, the Board’s determination that the Disability of Executive has occurred shall be certified by two physicians mutually agreed upon by Executive, or his personal representative, and the Company. Failing such independent certification (if so requested by Executive), Executive’s termination shall be deemed a termination by the Company without Cause and not a termination by reason of his Disability.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Termination of Employment Due to Death or Disability If your employment with the Company terminates due to death or Disability, in each case, prior to the Vesting Date, your Adjusted PSUs will vest and convert into Shares on the Adjustment Date (even though you are not employed by the Company on the Vesting Date). Upon a termination of employment due to death, the Adjusted PSUs shall be delivered in accordance with Section 10.

  • Termination for Death or Disability If the Employee's employment is terminated by death or because of disability pursuant to Section 4.3, the Company shall pay to the estate of the Employee or to the Employee, as the case may be, all sums which would otherwise be payable to the Employee under Section 3 up to the end of the month in which the termination of his employment because of death or disability occurs.

  • Death, Disability or Retirement Subject to the provisions of Section 1 hereof, this Agreement shall terminate automatically upon the Executive's death, termination due to "Disability" (as defined below) or voluntary retirement under any of the Company's retirement plans as in effect from time to time. For purposes of this Agreement, Disability shall mean the Executive has met the conditions to qualify for long-term disability benefits under the Company's policies, as in effect immediately prior to the Effective Date.

  • Upon Death or Disability If the Executive dies, all provisions of Section 3 of this Agreement (other than rights or benefits arising as a result of such death) and the Employment Term shall be automatically terminated; provided, however, that an amount equal to the earned and unpaid Incentive Payments to the date of death and the Standard Termination Payments shall be paid to the Executive’s surviving spouse or, if none, the Executive’s estate (as set forth above), and the death benefits under the Company’s employee benefit plans shall be paid to the Executive’s beneficiary or beneficiaries as properly designated in writing by the Executive. If the Executive is unable to perform the essential functions of the Executive’s job under this Agreement, with or without reasonable accommodation, by reason of physical or mental disability or incapacity (“Disability”) and such disability or incapacity shall have continued for any period aggregating six months within any 12 consecutive months, the Company may terminate this Agreement and the Employment Term at any time thereafter. In such event, the Executive shall be entitled to receive the Executive’s normal compensation hereunder during said time of disability or incapacity, and shall thereafter be entitled to receive the “Disability Incentive Payment” (as described in the penultimate sentence of this subsection (b)) and the Standard Termination Payments (as set forth above). The portion of the payment representing the Disability Incentive Payment shall be paid in a lump sum determined on a net present value basis, using a reasonable discount rate determined by the Board. The Disability Incentive Payment shall be equal to the target Incentive Payment that the Executive would have been eligible to receive for the year in which the Employment Term is terminated multiplied by a fraction, the numerator of which is the number of days in such year before and including the day of termination of the Employment Term and the denominator of which is the total number of days in such year. Subject to Section 19 below, the Disability Incentive Payment shall be payable in a lump sum on the 60th day after termination of the Executive’s employment.

  • Death or Disability of Employee In the event that the Employee incurs a Termination of Service due to his or her death or Disability during a Performance Period, the Employee shall immediately vest [INSERT DESCRIPTION OF VESTING CONDITIONS]. In the event that any applicable law limits the Company’s ability to accelerate the vesting of this award of Performance Shares, this paragraph 4(b) shall be limited to the extent required to comply with applicable law.

  • Retirement or Disability If you retire under the terms of any qualified pension plan provided by the Company or one of its subsidiaries, or if you are totally and permanently disabled, the Option may be exercised as to the total number of shares subject to the Option (without regard to the exercise schedule set forth in paragraph 4) at any time within one year after the date of retirement or disability retirement, but not after the Expiration Date.

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