Common use of If by the Company for Disability Clause in Contracts

If by the Company for Disability. If the Company terminates Executive's employment by reason of Executive's Disability during the Post-Change Employment Period, the Company's sole obligation to Executive under Articles II and IV shall be as follows: (a) to pay Executive a lump-sum cash amount equal to all Accrued Obligations determined as of the Termination Date, and (b) to provide Executive disability and other benefits after the Termination Date that are not less than the most favorable of such benefits then available under Plans of the Company to disabled peer executives of the Company or, if more favorable, those such benefits provided by the Company at any time during the 12-month period immediately preceding the Effective Date.

Appears in 4 contracts

Samples: Change of Control Employment Agreement (Russell Corp), Change of Control Employment Agreement (Russell Corp), Change of Control Employment Agreement (Russell Corp)

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If by the Company for Disability. If the Company terminates Executive's ’s employment by reason of Executive's ’s Disability during the Post-Change Employment Period, the Company's ’s sole obligation to Executive under Articles II and IV shall be as follows: (a) to pay Executive a lump-sum cash amount equal to all Accrued Obligations determined as of the Termination Date, ; and (b) to provide Executive disability and other benefits after the Termination Date that are not less than the most favorable of such benefits then available under Plans of the Company to disabled peer executives of the Company or, if more favorable, those such benefits provided by the Company at any time during the 12-month period immediately preceding the Effective Date.

Appears in 2 contracts

Samples: Change of Control Employment Agreement (McDonalds Corp), Change of Control Employee Agreement (McDonalds Corp)

If by the Company for Disability. If the Company terminates Executive's -------------------------------- employment by reason of Executive's Disability during the Post-Change Employment Period, the Company's sole obligation to Executive under Articles II and IV shall be as follows: (a) to pay Executive a lump-sum cash amount equal to all Accrued Obligations determined as of the Termination Date, ; and (b) to provide Executive disability and other benefits after the Termination Date that are not less than the most favorable of such benefits then available under Plans of the Company to disabled peer executives of the Company or, if more favorable, those such benefits provided by the Company at any time during the 12-month period immediately preceding the Effective Date.

Appears in 1 contract

Samples: Change of Control Employment Agreement (McDonalds Corp)

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If by the Company for Disability. If the Company terminates Executive's ’s employment by reason of Executive's ’s Disability during the Post-Change Employment Period, the Company's ’s sole obligation to Executive under Articles II and IV shall be as follows: (a) to pay Executive a lump-sum cash amount equal to all Accrued Obligations determined as of the Termination Date, and (b) to provide Executive disability and other benefits after the Termination Date that are not less than the most favorable of such benefits then available under Plans of the Company to disabled peer executives of the Company or, if more favorable, those such benefits provided by the Company at any time during the 12-month period immediately preceding the Effective Date.

Appears in 1 contract

Samples: Change of Control Employment Agreement (Russell Corp)

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