Common use of Disability, Retirement or Death Clause in Contracts

Disability, Retirement or Death. If the Employment Period terminates for any reason set forth in clause (v), (vi) or (vii) of Section 4, the Company shall pay to the Executive or his executor, administrator or other legal representative, as the case may be, the amounts set forth in Section 5(a)(i) and the Executive (or his executor, administrator or other legal representative, as the case may be) shall not be entitled to any severance payments, but shall be entitled to any benefits payable under applicable plans.

Appears in 6 contracts

Samples: Employment Agreement (Zenith Electronics Corp), Employment Agreement (Zenith Electronics Corp), Employment Agreement (Zenith Electronics Corp)

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