Common use of Disability or Death Payment Clause in Contracts

Disability or Death Payment. If the employment of the Executive is terminated by Disability or Death, any unvested stock option grants or restricted stock awards shall become fully vested immediately prior to the effective date of the termination of employment. To avoid forfeiture, the Executive or his or her legal representative will be required to exercise any grant of stock options in accordance with the terms of the separate agreement granting the same. The Company will also reimburse the Executive or the Executive’s spouse and any eligible minor dependents for the cost of COBRA health continuation coverage, less the Executive’s own contribution amount, under the Company’s applicable group health plan for the lesser of twelve (12) months of such coverage or until the Executive or the Executive’s spouse and eligible minor dependents obtain comparable health coverage.