Common use of Payment Upon Disability Clause in Contracts

Payment Upon Disability. Upon the termination of employment of the Executive due to his Disability, the Executive shall be entitled to the payments paid pursuant to the disability insurance policies maintained by the Company for the benefit of the Executive. Any and all salary and Target Bonus payments shall thereupon cease and terminate.

Appears in 4 contracts

Samples: Employment Agreement (Micros Systems Inc), Employment Agreement (Micros Systems Inc), Employment Agreement (Micros Systems Inc)

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Payment Upon Disability. Upon the termination Termination of employment Employment of the Executive due to his Disability, the Executive shall be entitled to the payments paid pursuant to the disability insurance policies maintained by the Company for the benefit of the Executive. Any and all salary and Target Bonus payments shall thereupon cease and terminate.

Appears in 1 contract

Samples: Employment Agreement (Micros Systems Inc)

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