Common use of Payments Upon Termination for Cause, Death, Disability or Voluntary Resignation Clause in Contracts

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.

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 her 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 her 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 her 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.