Common use of IF UPON DISABILITY Clause in Contracts

IF UPON DISABILITY. The Agreement Term and Executive's employment hereunder may be terminated by the Company upon Executive's Disability. If Executive's employment is terminated by reason of Executive's Disability during the Agreement Term, the Company's obligations to Executive shall consist of: (a) the payment of the Accrued Obligations to Executive (or to Executive's representative, as the case may be), and (b) payment in cash to Executive (or to Executive's representative, as the case may be) of a Pro-Rata Bonus, payable as soon as practicable following the termination of Executive's employment. Following Executive's termination of employment by the Company for Disability, except as set forth in this Section 4.4 and in Section 8.15, Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Appears in 9 contracts

Samples: Employment Agreement (Solo Texas, LLC), Employment Agreement (Solo Texas, LLC), Employment Agreement (Solo Texas, LLC)

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IF UPON DISABILITY. The Agreement Term and Executive's employment hereunder may be terminated by the Company upon Executive's Disability. If Executive's employment is terminated by reason of Executive's Disability during the Agreement Term, the Company's obligations to Executive shall consist of: (a) the payment of the Accrued Obligations to Executive (or to Executive's representative, as the case may be), estate or beneficiary and (b) payment in cash to Executive (or to Executive's representative, as the case may be) estate or beneficiary of a Pro-Rata Bonus, payable as soon as practicable following the termination of Executive's employment. Following Executive's termination of employment by the Company for Disability, except as set forth in this Section 4.4 and in Section 8.15Sections 10.10 and 10.16, Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Solo Texas, LLC)

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IF UPON DISABILITY. The Agreement Term and Executive's ’s employment hereunder may be terminated by the Company upon Executive's ’s Disability. If Executive's ’s employment is terminated by reason of Executive's ’s Disability during the Agreement Term, the Company's ’s obligations to Executive shall consist of: (a) the payment of the Accrued Obligations to Executive (or to Executive's ’s representative, as the case may be), and (b) payment in cash to Executive (or to Executive's ’s representative, as the case may be) of a Pro-Rata Bonus, payable as soon as practicable following the termination of Executive's ’s employment. Following Executive's ’s termination of employment by the Company for Disability, except as set forth in this Section 4.4 and in Section 8.15, Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Solo Cup CO)

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