Common use of Disability Severance Benefits Clause in Contracts

Disability Severance Benefits. (A) At the time that the Company makes payments to other executive officers under the Short Term Plan that is in effect during the calendar year in which the Termination Date occurs, the Company shall pay the Executive a pro-rata portion of the amount he would have earned under such plan had his employment continued until the end of such calendar year, such pro-rata portion to be calculated based on the performance results achieved under such plan and the number of full months elapsed prior to the Termination Date.

Appears in 7 contracts

Samples: Employment Agreement (Lam Research Corp), Employment Agreement (Lam Research Corp), Employment Agreement (Lam Research Corp)

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Disability Severance Benefits. (A) At the time that the Company makes payments to other executive officers under the Short Short-Term Plan Program that is in effect during the calendar year in which the Termination Date occurs, the Company shall pay the Executive a pro-rata portion of the amount he would have earned under such plan program had his employment continued until the end of such calendar year, such pro-rata portion to be calculated based on the performance results achieved under such plan program and the number of full calendar months elapsed prior to the Termination Date.

Appears in 4 contracts

Samples: Employment Agreement (Lam Research Corp), Employment Agreement (Lam Research Corp), Employment Agreement (Lam Research Corp)

Disability Severance Benefits. (A) At the time that the Company makes payments to other executive officers under the Short Term Plan Program that is in effect during the calendar year in which the Termination Date occurs, the Company shall pay the Executive a pro-rata portion of the amount he would have earned under such plan program had his employment continued until the end of such calendar year, such pro-rata portion to be calculated based on the performance results achieved under such plan program and the number of full months elapsed prior to the Termination Date.

Appears in 1 contract

Samples: Employment Agreement (Lam Research Corp)

Disability Severance Benefits. (A) At the time that the Company makes payments to other executive officers under the Short Term Plan Program that is in effect during the calendar year in which the Termination Date occurs, the Company shall pay the Executive a pro-rata portion of the amount he would have earned under such plan program had his employment continued until the end of such calendar year, such pro-rata portion to be calculated based on the performance results achieved under such plan program and the number of full months elapsed prior to the Termination Date.. Xxxxxx X. Xxxxxxx Employment Agreement

Appears in 1 contract

Samples: Employment Agreement (Lam Research Corp)

Disability Severance Benefits. (A) At the time that the Company makes payments to other executive officers under the Short Term Plan Program that is in effect during the calendar year in which the Termination Date occurs, the Company shall pay the Executive a pro-rata portion of the amount he would have earned under such plan program had his employment continued until the end of such calendar year, such pro-rata portion to be calculated based on the performance results achieved under such plan program and the number of full calendar months elapsed prior to the Termination Date.

Appears in 1 contract

Samples: Employment Agreement (Lam Research Corp)

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Disability Severance Benefits. (A) At the time that the Company makes payments to other executive officers under the Short Term Plan Program that is in effect during the calendar year in which the Termination Date occurs, the Company shall pay the Executive a pro-rata portion of the amount he would have earned under such plan program had his employment continued until the end of such calendar year, such pro-rata portion to be calculated based on the performance results achieved under such plan program and the number of full months elapsed prior to the Termination Date.. Xxxxxxx X. Xxxxxxxx Employment Agreement

Appears in 1 contract

Samples: Employment Agreement (Lam Research Corp)

Disability Severance Benefits. (A) At the time that the Company makes payments to other executive officers under the Short Term Plan Program that is in effect during the calendar year in which the Termination Date occurs, the Company shall pay the Executive a pro-rata portion of Xxxxxxx X. Xxxxxx Employment Agreement the amount he would have earned under such plan program had his employment continued until the end of such calendar year, such pro-rata portion to be calculated based on the performance results achieved under such plan program and the number of full months elapsed prior to the Termination Date.

Appears in 1 contract

Samples: Employment Agreement (Lam Research Corp)

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