Common use of DEATH OR PERMANENT DISABILITY OF THE EXECUTIVE Clause in Contracts

DEATH OR PERMANENT DISABILITY OF THE EXECUTIVE. The employment term shall terminate without notice and automatically upon the death or Permanent Disability of Executive. Upon the termination of Executive's employment by reason of death or Permanent Disability, the Executive or, in the event of his death, the Executive's Beneficiary shall be entitled to receive the Executive's then current Base Salary through the Effective Date of Termination and incentive compensation determined in accordance with Section 6 (b)(ii) of this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Aqua Chem Inc), Employment Agreement (Aqua Chem Inc), Employment Agreement (Aqua Chem Inc)

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DEATH OR PERMANENT DISABILITY OF THE EXECUTIVE. The employment term shall terminate without notice and automatically upon the death or Permanent Disability of Executive. Upon the termination of the Executive's employment by reason of death or Permanent Disability, the Executive or, in the event of his death, the Executive's Beneficiary shall be entitled to receive the Executive's then current Base Salary through the Effective Date of Termination and incentive compensation determined in accordance with Section 6 (b)(ii6(b)(ii) of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Aqua Chem Inc)

DEATH OR PERMANENT DISABILITY OF THE EXECUTIVE. The employment term shall terminate without notice and automatically upon the death or Permanent Disability of Executive. Upon the termination of Executive's employment by reason of death or Permanent Disability, the Executive or, in the event of his the Executive's death, the Executive's Beneficiary shall be entitled to receive the Executive's then current Base Salary through the Effective Date of Termination and incentive compensation determined adjusted in accordance with Section 6 (b)(ii) such manner as the Board determines to be appropriate to take into account that services were performed for only a portion of this Agreementthe bonus period.

Appears in 1 contract

Samples: Employment Agreement (Aqua Chem Inc)

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DEATH OR PERMANENT DISABILITY OF THE EXECUTIVE. The employment term shall terminate without notice and automatically upon the death or Permanent Disability of Executive. Upon the termination of Executive's employment by reason of death or Permanent Disability, the Executive or, in the event of his the Executive's death, the Executive's Beneficiary shall be entitled to receive the Executive's then current Base Salary through the Effective Date of Termination and incentive compensation determined in accordance with Section 6 (b)(ii) of this Agreement.incentive

Appears in 1 contract

Samples: Employment Agreement (Aqua Chem Inc)

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