Payments Upon Termination for Cause, Death, Disability or Voluntary Resignation Sample Clauses

Payments Upon Termination for Cause, Death, Disability or Voluntary Resignation. If (a) the Company at any time terminates your employment for Cause or (b) you voluntarily resign for any reason other than Good Reason, then in either case you shall be entitled to receive only your base salary and any other accrued benefits then due you on a pro rata basis to the date of termination plus reimbursement of properly reimbursable expenses through the date of termination. If you at any time die or become disabled (“disabled” being defined as your inability to perform your normal employment duties for a consecutive six (6) month period during the term of this Agreement because of either physical or mental incapacity), you shall be entitled to receive only your base salary and any other accrued benefits due you and any incentive bonus compensation on a pro rata basis and reimbursement of properly reimbursable expenses to the date of termination. “Pro rata” shall mean the product of your annual base salary and any incentive bonus compensation that would have been payable had your employment not terminated multiplied by a fraction the denominator of which is 365 and the numerator of which is the number of days during the calendar year that have passed through the date of the termination of your employment.
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Payments Upon Termination for Cause, Death, Disability or Voluntary Resignation. If (a) the Company at any time terminates the Employee's employment for Cause or (b) the Employee voluntarily resigns for any reason other than for Good Reason as defined in Paragraph 6.4, then in each case the Employee shall be entitled to receive only his Base Salary and any other accrued benefits due Employee in accordance with Paragraph 3.2 on a pro rata basis to the date of termination plus reimbursement of expenses through the date of termination in accordance with Paragraph 3.2(b). If the Employee at any time dies or becomes disabled (being defined as the inability of the Employee to perform his normal employment duties for a consecutive six (6) month period during the term of this Agreement because of either physical or mental incapacity), the Employee shall be entitled to receive only his Base Salary and any other accrued benefits due Employee in accordance with Paragraph 3.2, any incentive bonus compensation on a pro rata basis and reimbursement of expenses in accordance with Paragraph 3.2(b) to the date of termination. For purposes of this Paragraph 6.1, "pro rata" shall mean the product of the Employee's annual Base Salary and any incentive bonus compensation that would have been payable had the Employee's employment not terminated multiplied by a fraction the denominator of which is 365 and the numerator of which is the number of days during the calendar year that have passed through the date of the termination of the Employee's employment.
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Payments Upon Termination for Cause, Death, Disability or Voluntary Resignation. If (a) the Company at any time terminates the Employee's employment for Cause or (b) the Employee voluntarily resigns for any reason other than Good reason, then in each case the Employee shall be entitled to receive only his Base Salary and any other accrued benefits due Employee on a pro rata basis to the date of termination plus reimbursement of expenses through the date of termination. If the Employee at any time dies or becomes disabled (being defined as the inability of the Employee to perform his/her normal employment duties for a consecutive six (6) month period during the term of their Agreement because of either physical or mental incapacity), the Employee shall be entitled to receive only his Base Salary and any other accrued benefits due Employee and any incentive bonus compensation on a pro rata basis and reimbursement of expenses to the date of termination. "Pro rata" shall mean the product of the Employee's annual Base Salary and any incentive bonus compensation that would have been payable had the Employee's employment not terminated multiplied by a fraction the denominator of which is 365 and the numerator of which is the number of days during the calendar year that have passed through the date of the termination of the Employee's employment.
Sample 1
Payments Upon Termination for Cause, Death, Disability or Voluntary Resignation. If (a) the Company at any time terminates the Employee's employment for Cause or (b) the Employee voluntarily resigns for any reason other than for Good Reason as defined in Paragraph 6.4, then in each case the Employee shall be entitled to receive only her Base Salary and any other
Sample 1
Payments Upon Termination for Cause, Death, Disability or Voluntary Resignation. If during the Term (a) the Company at any time terminates Executive's employment pursuant to this Agreement for Cause, (b) Executive voluntarily resigns for any reason other than for Good Reason, or (c) Executive at any time dies or becomes disabled, then in each case Executive shall be entitled to receive only his accrued and unpaid Base Salary and any other accrued and unpaid benefits due Executive in accordance with Section 3.2 as of the date of termination plus reimbursement of expenses through the date of termination in accordance with Section 3.2(b); provided, however, that in the event of a termination under clause (b) or (c) of this Section 6.1, but not in the case of a termination for Cause under clause (a) of this Section 6.1, the date of termination shall be the later of (i) the actual date of termination or (ii) March 29, 2003.
Sample 1
Payments Upon Termination for Cause, Death, Disability or Voluntary Resignation. If (a) the Company at any time terminates the Employee's employment for Cause, or (b) the Employee voluntarily resigns for any reason other than for Good Reason, or (c) the Employee at any time dies or becomes disabled (being defined as the inability of the Employee to perform his normal employment duties for a consecutive six (6) month period during the term of this Agreement because of either physical or mental incapacity), then in each case the Employee shall be entitled to receive only his accrued and unpaid Base Salary and any other accrued and unpaid benefits due Employee in accordance with Section 3.3 (including incentive bonus compensation) as of the date of termination plus reimbursement of expenses through the date of termination in accordance with Section 3.3(b). In the event of death or disability, any vested stock options will become the property of survivors.
Sample 1

Related to Payments Upon Termination for Cause, Death, Disability or Voluntary Resignation

  • Termination by Death or Disability In the event of the death of EMPLOYEE or the inability of EMPLOYEE to perform the obligations described in this Agreement with or without accommodation by reason of disability or some other occurrence beyond the control of either party, and such inability to perform has continued or will continue beyond a reasonable period of time, but not less than 60 days, this Agreement shall terminate as a termination with cause and all future obligations between the parties shall cease upon the termination date reasonably established by LSU, unless otherwise required by law.

  • Termination for Cause; Voluntary Termination If at any time during the Term the Executive’s employment with the Company is terminated pursuant to Section 4.6 or 4.7, the Executive shall be entitled to only the following:

  • Voluntary Termination; Termination for Cause If Executive’s employment with the Company terminates voluntarily by Executive or for “Cause” by the Company, then (i) all vesting of the Option will terminate immediately and all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (ii) Executive will only be eligible for severance benefits in accordance with the Company’s established policies as then in effect.

  • TERMINATION FOR DISABILITY OR DEATH (a) Termination of Executive’s employment based on “Disability” shall be construed to comply with Section 409A of the Internal Revenue Code and shall be deemed to have occurred if: (i) Executive is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death, or last for a continuous period of not less than 12 months; (ii) by reason of any medically determinable physical or mental impairment that can be expected to result in death, or last for a continuous period of not less than 12 months, Executive is receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Bank or the Company; or (iii) Executive is determined to be totally disabled by the Social Security Administration. The provisions of Sections 6(b) and (c) shall apply upon the termination of the Executive’s employment based on Disability. Upon the determination that Executive has suffered a Disability, disability payments hereunder shall commence within thirty (30) days.

  • Termination Upon Death or Disability If the Executive dies during the Term, the Term shall terminate as of the date of death. If there is a good faith determination by the Board that the Executive has become physically or mentally incapable of performing his duties under the Agreement and such disability has disabled the Executive for a cumulative period of 180 days within any 12-month period (a “Disability”), the Company shall have the right, to the extent permitted by law, to terminate the employment of the Executive upon notice in writing to the Executive. Upon Executive’s death or in the event that Executive’s employment is terminated due to his Disability, Executive or his estate or his beneficiaries, as the case may be, shall be entitled to: (i) all accrued but unpaid Annual Salary through the date of termination of Executive’s employment, (ii) any unpaid or unreimbursed expenses incurred in accordance with hereof, (iii) any benefits provided under the Company’s employee benefit plans upon a termination of employment, in accordance with the terms contained therein (the payments and benefits referred to in clauses (i) through (iii) above, collectively, the “Accrued Obligations”), (iv) any unpaid Annual Bonus in respect of any completed fiscal year that had ended prior to the date of such termination, which amount shall be paid at such time annual bonuses are paid to other senior executives of the Company, but in no event later than March 15 of the fiscal year following the fiscal year in which such termination occurred; (v) an amount equal to the target Annual Bonus, prorated to reflect the partial year of employment, which amount shall be paid at such time annual bonuses are paid to other senior executives of the Company, but in no event later than March 15 of the fiscal year following the fiscal year in which such termination occurred (subject to Section 7.15 of this Agreement) and (vi) all outstanding equity (or equity-based) incentives and awards held by the Executive shall thereupon vest and become free of restrictions and all stock options shall be exercisable in accordance with their terms. Following the Executive’s death or a termination of the Executive’s employment by reason of a Disability, except as set forth in this Section 4, the Executive shall have no further rights to any compensation or any other benefits under this Agreement.

  • Termination for Death or Disability If the Employee's employment is terminated by death or because of disability pursuant to Section 4.3, the Company shall pay to the estate of the Employee or to the Employee, as the case may be, all sums which would otherwise be payable to the Employee under Section 3 up to the end of the month in which the termination of his employment because of death or disability occurs.

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