Common use of Resignation, Death or Disability Clause in Contracts

Resignation, Death or Disability. If Executive’s employment with the Company terminates due to Executive’s resignation, then Executive shall be entitled to the Accrued Benefits. If Executive’s employment is terminated by reason of Executive’s death or Disability prior to the end of the Term, Executive shall not be entitled to receive any further compensation or benefits under this Agreement or otherwise other than the Accrued Benefits. During any period that Executive fails to perform his duties hereunder as a result of disability or incapacity, Executive shall continue to receive his Base Salary and all other benefits and all other compensation pursuant to this Agreement unless and until his employment is terminated pursuant to this Section 5.

Appears in 2 contracts

Samples: Employment Agreement (Centex Land Vista Ridge Lewisville III General Partner, LLC), Employment Agreement (Centex Land Vista Ridge Lewisville III General Partner, LLC)

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Resignation, Death or Disability. If Executive’s 's employment with the Company terminates due to Executive’s resignation's voluntary termination without Good Reason, then Executive shall be entitled to the Accrued BenefitsBenefits and vested Restricted Stock. If Executive’s 's employment is terminated by reason of Executive’s 's death or Disability prior to the end of the Term, Executive shall not be entitled to receive any further compensation or benefits under this Agreement or otherwise other than the Accrued BenefitsBenefits plus a pro-rata bonus for that portion of the calendar year the Executive was employed by the Company. During any period that Executive fails to perform his duties hereunder as a result of disability or incapacity, Disability. Executive shall continue to receive his Base Salary and all other benefits and all other compensation pursuant to this Agreement unless and until his employment is terminated pursuant to this Section 5.

Appears in 1 contract

Samples: Employment Agreement (Nationstar Mortgage Holdings Inc.)

Resignation, Death or Disability. If Executive’s 's employment with the Company terminates due to Executive’s resignation's voluntary termination without Good Reason, then Executive shall be entitled to the Accrued Benefits. If Executive’s 's employment is terminated by reason of Executive’s 's death or Disability prior to the end of the Term, Executive shall not be entitled to receive any further compensation or benefits under this Agreement or otherwise other than the Accrued BenefitsBenefits plus a pro-rata bonus for that portion of the calendar year the Executive was employed by the Company. During any period that Executive fails to perform his duties hereunder as a result of disability or incapacityDisability, Executive shall continue to receive his Base Salary and all other benefits and all other compensation pursuant to this Agreement unless and until his employment is terminated pursuant to this Section 5.

Appears in 1 contract

Samples: Employment Agreement (Nationstar Mortgage Holdings Inc.)

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Resignation, Death or Disability. If Executive’s employment with the Company terminates due to Executive’s resignationvoluntary termination without Good Reason, then Executive shall be entitled to the Accrued Benefits. If Executive’s employment is terminated by reason of Executive’s death or Disability prior to the end of the Term, Executive shall not be entitled to receive any further compensation or benefits under this Agreement or otherwise other than the Accrued BenefitsBenefits plus a pro-rata bonus for that portion of the calendar year the Executive was employed by the Company. During any period that Executive fails to perform his duties hereunder as a result of disability or incapacityDisability, Executive shall continue to receive his Base Salary and all other benefits and all other compensation pursuant to this Agreement unless and until his employment is terminated pursuant to this Section 5.

Appears in 1 contract

Samples: Employment Agreement (Nationstar Mortgage Holdings Inc.)

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