Common use of Death or Total Disability Clause in Contracts

Death or Total Disability. If the Triggering Event was the Employee's death or Total Disability, the Employee (or the Employee's designated beneficiary) shall be entitled to receive the Employee's Annual Base Compensation and accrued but unpaid vacation through the date thereof plus a pro rata portion of the Employee's Potential Annual Target Bonus for the calendar year in which such death or Total Disability occurred (based on the number of days the Employee was employed during the applicable calendar year), in accordance with the policy of the Company, and to continue to participate in the Company's health, insurance and disability plans and programs through the date of termination and thereafter only to the extent permitted under the terms of such plans and programs.

Appears in 8 contracts

Samples: Employment Agreement (Sovereign Specialty Chemicals Inc), Employment Agreement (Sovereign Specialty Chemicals Inc), Employment Agreement (Sovereign Specialty Chemicals Inc)

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Death or Total Disability. If the Triggering Event was the Employee's ’s death or Total Disability, the Employee (or the Employee's ’s designated beneficiary) shall be entitled to receive the Employee's ’s Annual Base Compensation and accrued but unpaid vacation through the date thereof plus a pro rata portion of the Employee's ’s Potential Annual Target Bonus for the calendar year in which such death or Total Disability occurred (based on the number of days the Employee was employed during the applicable calendar year), in accordance with the policy of the Company, and to continue to participate in the Company's ’s health, insurance and disability plans and programs through the date of termination and thereafter only to the extent permitted under the terms of such plans and programs.

Appears in 1 contract

Samples: Employment Agreement (Dyadic International Inc)

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