Common use of For Disability Clause in Contracts

For Disability. Termination of Executive’s employment for Disability shall become effective on the date that disability benefits, payable to Executive in an amount equal to at least sixty-five (65%) percent of Executive’s then Minimum Base Salary commence under any long-term disability plan maintained by the Company or on such later date as the Company may specify in a written notice to the Executive.

Appears in 4 contracts

Samples: Change of Control Retention Agreement (Digimarc CORP), Change of Control Retention Agreement (Digimarc CORP), Change of Control Retention Agreement (Digimarc CORP)

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For Disability. Termination of Executive’s 's employment for Disability shall become effective on the date that disability benefits, payable to Executive in an amount equal to at least sixty-five (65%) percent of Executive’s 's then Minimum Base Salary commence under any long-term disability plan maintained by the Company or on such later date as the Company may specify in a written notice to the Executive.

Appears in 2 contracts

Samples: Change of Control Retention Agreement (Digimarc CORP), Change of Control Retention Agreement (Digimarc CORP)

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