Common use of Payment in the Event of Death or Permanent Disability Clause in Contracts

Payment in the Event of Death or Permanent Disability. (a) In the event of the Executive's death or "permanent disability" (as hereinafter defined) during the term of his employment under this Employment Agreement, the Company shall pay to the Executive (or his personal representatives, heirs, successors and assigns in the event of his death) an amount equal to two (2) times the Executive's then effective annual base salary, as determined under Paragraph 3(a), plus a pro rata portion of the bonus applicable to the calendar year in which such death or permanent disability occurs, as such bonus is determined under Paragraph 3(b).

Payment in the Event of Death or Permanent Disability. (a) In the event of the Executive's death or "permanent disability" (as hereinafter defined) during the term of his employment under this Employment Agreement, the Company shall pay to the Executive (or his personal representatives, heirs, successors and assigns in the event of his death) an amount equal to two one (21) times time the Executive's then effective annual base per annum rate of salary, as determined under Paragraph 3(a), plus a pro rata portion of the bonus applicable to the calendar fiscal year in which such death or permanent disability occurs, as such bonus is determined under Paragraph 3(b).

Payment in the Event of Death or Permanent Disability. (a) In the event of the Executive's death or "permanent disability" (as hereinafter defined) during the term of his employment under this Employment Agreement, the Company shall pay to the Executive (or his personal representatives, heirs, successors and assigns in the event of his death) an amount equal to two (2) times the Executive's then effective annual base per annum rate of salary, as determined under Paragraph 3(a), plus a pro rata portion of the bonus applicable to the calendar fiscal year in which such death or permanent disability occurs, as such bonus is determined under Paragraph 3(b).

Payment in the Event of Death or Permanent Disability. (a) In the event of the Executive's death or "permanent disability" (as hereinafter defined) during the term of his her employment under this Employment Agreement, the Company shall pay to the Executive (or his her personal representatives, heirs, successors and assigns in the event of his her death) an amount equal to two (2) times the Executive's then effective annual base salary, as determined under Paragraph 3(a), plus a pro rata portion of the bonus applicable to the calendar year in which such death or permanent disability occurs, as such bonus is determined under Paragraph 3(b).

Payment in the Event of Death or Permanent Disability. (a) In the event of the Executive's death or "permanent disability" (as hereinafter defined) during the term of his her employment under this Employment Agreement, the Company shall pay or cause its insurance company to pay to the Executive (or his her personal representatives, heirs, successors and assigns in the event of his her death) an amount equal to not less than two (2) times the Executive's then effective annual base salary, as determined under Paragraph 3(a), plus a pro rata portion of the bonus applicable to the calendar year in which such death or permanent disability occurs, as such bonus is determined under Paragraph 3(b).

Payment in the Event of Death or Permanent Disability. (a) In the event of the Executive's death or "permanent disability" (as hereinafter defined) during the term of his employment under this Employment Agreement, the Company shall pay to the Executive (or his personal representatives, heirs, successors and assigns in the event of his death) an amount equal to two (2) times the Executive's then effective annual base per annum rate of salary, as determined under Paragraph 3(a), plus a pro rata portion of the bonus applicable to the calendar fiscal year in which such death or permanent disability occurs, as such bonus is determined under Paragraph paragraph 3(b).