Common use of Payment Upon Death or Disability Clause in Contracts

Payment Upon Death or Disability. In the event that Executive’s employment is terminated pursuant to Sections 4.1 or 4.2, the Company shall no longer be under any obligation to Executive or his legal representatives pursuant to this Agreement except for: (i) the Base Salary due Executive pursuant to Section 3.1 hereof through the date of termination; (ii) all valid expense reimbursements; (iii) all accrued but unused vacation pay; and (iv) all earned and previously approved but unpaid Bonuses for any year prior to the year of termination.

Appears in 11 contracts

Samples: Employment Agreement (Long Blockchain Corp.), Employment Agreement (Long Blockchain Corp.), Employment Agreement (Long Island Iced Tea Corp.)

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Payment Upon Death or Disability. In the event that Executive’s employment is terminated pursuant to Sections 4.1 or 4.2, the Company shall no longer be under any obligation to Executive or his legal representatives pursuant to this Agreement except for: (i) the Base Salary due Executive pursuant to Section 3.1 hereof through the date of termination; (ii) all valid expense reimbursements; and (iii) all accrued but unused vacation pay; and (iv) all earned and previously approved but unpaid Bonuses for any year prior to the year of termination.

Appears in 6 contracts

Samples: Settlement and General Release Agreement (Propel Media, Inc.), Settlement and General Release Agreement (Propel Media, Inc.), Settlement and General Release Agreement (Propel Media, Inc.)

Payment Upon Death or Disability. In the event that Executive’s employment is terminated pursuant to Sections 4.1 or 4.2, the Company shall no longer be under any obligation to Executive or his legal representatives pursuant to this Agreement except for: (i) the Base Salary due Executive pursuant to Section 3.1 hereof through the date of termination; (ii) all valid expense reimbursements; and (iii) all accrued but unused vacation pay; and (iv) all earned and previously approved but unpaid Bonuses for any year prior to the year of terminationpaid time off.

Appears in 3 contracts

Samples: Employment Agreement (Propel Media, Inc.), Employment Agreement (Propel Media, Inc.), Employment Agreement (Propel Media, Inc.)

Payment Upon Death or Disability. In the event that Executive’s employment is terminated pursuant to Sections 4.1 or 4.2, the Company shall no longer be under any obligation to Executive or his legal representatives pursuant to this Agreement except for: (i) the Base Salary due Executive pursuant to Section 3.1 hereof through the date of termination; (ii) all valid expense reimbursements; (iii) all any accrued but unpaid bonus payments and (iv)all accrued but unused vacation pay; and (iv) all earned and previously approved but unpaid Bonuses for any year prior to the year of termination.

Appears in 2 contracts

Samples: Employment Agreement (Kitara Media Corp.), Employment Agreement (Ascend Acquisition Corp.)

Payment Upon Death or Disability. In the event that Executive’s employment is terminated pursuant to Sections 4.1 or 4.2, the Company shall no longer be under any obligation to Executive or his legal representatives pursuant to this Agreement except for: (i) the Base Salary due Executive pursuant to Section 3.1 hereof through the date of termination; (ii) all valid expense reimbursements; (iii) all accrued but unused vacation pay; and (iv) all earned and previously approved but unpaid Bonuses for any year prior to the year of termination; (iii) all valid expense reimbursements, and (iv) all accrued but unused vacation pay.

Appears in 1 contract

Samples: Employment Agreement (Cpi Aerostructures Inc)

Payment Upon Death or Disability. In the event that Executive’s employment is terminated pursuant to Sections 4.1 or 4.2, the Company shall no longer be under any obligation to Executive or his legal representatives pursuant to this Agreement except for: (i) the Base Salary due Executive pursuant to Section 3.1 hereof through the date of termination; (ii) all valid expense reimbursements; (iii) all accrued but unused vacation pay; and (iv) all earned and previously approved but unpaid Bonuses for any year prior to the year of termination; (iii) all valid expense reimbursements, and (iv) all accrued but unused paid time off.

Appears in 1 contract

Samples: Employment Agreement (Cpi Aerostructures Inc)

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Payment Upon Death or Disability. In the event that Executive’s employment is terminated pursuant to Sections 4.1 or 4.2, the Company shall no longer be under any obligation to Executive or his legal representatives pursuant to this Agreement except for: (i) the Base Salary due Executive pursuant to Section 3.1 hereof through the date of termination; (ii) all valid expense reimbursementsreimbursements payable in accordance with Section 3.7; (iii) all accrued but unused vacation pay; , and (iv) all earned and previously approved any Bonus actually granted by the Board, but unpaid Bonuses to the Executive, for any fiscal year prior to the fiscal year of termination.

Appears in 1 contract

Samples: Employment Agreement (Acesis Holdings Corp.)

Payment Upon Death or Disability. In the event that Executive’s employment is terminated pursuant to Sections 4.1 or 4.2, the Company shall no longer be under any obligation to Executive or his her legal representatives pursuant to this Agreement except for: (i) the Base Salary due Executive pursuant to Section 3.1 hereof through the date of termination; (ii) all valid expense reimbursements; (iii) all any accrued but unpaid bonus payments and (iv)all accrued but unused vacation pay; and (iv) all earned and previously approved but unpaid Bonuses for any year prior to the year of termination.

Appears in 1 contract

Samples: Employment Agreement (Ascend Acquisition Corp.)

Payment Upon Death or Disability. In the event that Executive’s employment is terminated pursuant to Sections 4.1 or 4.2, the Company shall no longer be under any obligation to Executive or his legal representatives pursuant to this Agreement except for: (i) the Base Salary due Executive pursuant to Section 3.1 hereof through the date of termination; (ii) all valid expense reimbursements; (iii) all accrued but unused vacation pay; and (iv) all earned and previously approved but unpaid Bonuses for any year prior to the year of terminationIncentive Bonuses.

Appears in 1 contract

Samples: Employment Agreement (Long Island Iced Tea Corp.)

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