Common use of Payments Upon Disability or Death Clause in Contracts

Payments Upon Disability or Death. In the event Employee dies or becomes permanently disabled during the term of the Agreement, Employee or Employee’s designated beneficiaries will be entitled to the payments described in Section 3(c) of the letter portion of the Agreement, together with any other benefits provided to employees in an equivalent position in effect at that time. Should Employee die during the severance period, severance payments will cease on the date of Employee’s death (if Employee is receiving the normal severance benefit) or the expiration of the twelfth- or twenty-fourth-month severance period, as applicable (if Employee has agreed to the terms of the enhanced severance benefit). Any payments after Employee’s death that may be due hereunder will be paid to Employee’s beneficiary named in connection with Exhibit D of this Agreement, or if no such designation has been made by Employee, then to Employee’s executors, administrators, heirs, personal representatives, successors, or assigns, as the case may be.

Appears in 2 contracts

Samples: Employment Agreement (Lennox International Inc), Employment Agreement (Lennox International Inc)

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Payments Upon Disability or Death. In the event Employee dies or becomes permanently disabled during the term of the Agreement, Employee or Employee’s 's designated beneficiaries will be entitled to the payments described in Section 3(c) of the letter portion of the Agreement, together with any other benefits provided to employees in an equivalent position in effect at that time. Should Employee die during the severance period, all payments of severance payments will amounts shall cease on upon the date later of Employee’s 's death (if Employee is receiving the normal severance benefit) or the expiration of the twelfth- or twenty-fourth-fourth month severance period, as applicable (if Employee after the date of Employee's termination in the event the employee has agreed to the terms of the enhanced severance benefit). Any payments after Employee’s 's death that may be due hereunder will be paid to Employee’s 's beneficiary named in connection with Exhibit D of this Agreement, or if no such designation has been made by Employee, then to Employee’s 's executors, administrators, heirs, personal representatives, successors, or assigns, as the case may be.

Appears in 2 contracts

Samples: Employment Agreement (Lennox International Inc), Employment Agreement (Lennox International Inc)

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Payments Upon Disability or Death. In the event Employee dies or becomes permanently disabled during the term of the Agreement, Employee or Employee’s designated beneficiaries will be entitled to the payments described in Section 3(c) of the letter portion of the Agreement, together with any other benefits provided to employees in an equivalent position in effect at that time. Should Employee die during the severance period, all payments of severance payments will amounts shall cease on upon the later of Employee’s death or the expiration of the twenty-fourth month after the date of Employee’s death (if Employee is receiving termination in the normal severance benefit) or event the expiration of the twelfth- or twenty-fourth-month severance period, as applicable (if Employee employee has agreed to the terms of the enhanced severance benefit). Any payments after Employee’s death that may be due hereunder will be paid to Employee’s beneficiary named in connection with Exhibit D of this Agreement, or if no such designation has been made by Employee, then to Employee’s executors, administrators, heirs, personal representatives, successors, or assigns, as the case may be.

Appears in 1 contract

Samples: Employment Agreement (Lennox International Inc)

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