Death; Termination Due to Disability Sample Clauses

Death; Termination Due to Disability. Executive’s employment shall terminate automatically upon Executive’s death. The Company may terminate Executive’s employment upon the occurrence of a Disability, such termination to be effective immediately upon Executive’s receipt of written notice of such termination. In the event Executive’s employment is terminated due to Executive’s death or Disability, Executive or Executive’s estate or Executive’s beneficiaries, as the case may be, shall be entitled to: (i) The Accrued Obligations; (ii) Any unpaid Annual Bonus in respect of any completed fiscal year that has ended prior to the date of such termination, such amount to be paid at the same time it would have otherwise been paid to Executive had no such termination occurred, but in no event later than two and one-half (2½) months following the end of the fiscal year to which such Annual Bonus relates; (iii) In the case of any termination as a result of Executive’s Disability only, an amount equal to seventy-five percent (75%) of Executive’s then-current Base Salary, such amount to be paid in substantially equal installments over the Severance Term, in accordance with the Company’s regular payroll practices; (iv) In the case of any termination as a result of Executive’s Disability only, upon the expiration of the Severance Term, and subject to Executive’s compliance during such period with the terms and conditions of this Agreement, a lump sum amount equal to twenty-five percent (25%) of Executive’s then-current Base Salary; (v) A pro rata Annual Bonus (determined using the target Annual Bonus for the fiscal year in which such termination occurs) based on the number of days elapsed from the commencement of such fiscal year through and including the date of such termination, such amount to be paid on the first administratively feasible payroll date following such termination; (vi) In the case of any termination as a result of Executive’s Disability only, to the extent permitted by applicable law and the terms and conditions of the applicable plan and without penalty to the Company, continuation of the health benefits provided to Executive and Executive’s covered dependents under the Company health plans as of the date of such termination at the same cost applicable to active employees until the earlier of: (1) the expiration of the Severance Term, and (2) the date Executive commences employment with any Person, in each case, subject to Executive’s compliance during the Severance Term with the terms and c...