Common use of RESIGNATION DUE TO DISABILITY Clause in Contracts

RESIGNATION DUE TO DISABILITY. If Manager fails to meet the requirements of Paragraph 3 above because he has resigned from employment with the Company or a bottling subsidiary of the Company after the Performance Period ends, but prior to a payment date due to a condition which meets the definition of "disability" in the Company's Long Term Disability Insurance Policy or is on medical leave, Manager will receive the Award Payable as provided in this Agreement. If Manager's resignation due to disability occurs prior to the end of the Performance Period, the Board of Directors may waive the "continuous employment" requirement and prorate the Award Payable based on the ratio of the number of months within the Performance Period in which Manager was actively employed to the 36 months in the Performance Period, and the payment date of such partial Award Payable may be accelerated in the sole discretion of the Board of Directors of the Company.

RESIGNATION DUE TO DISABILITY. If Manager fails to meet the requirements of Paragraph 3 above because he has resigned from employment with Employer, the Company or a bottling subsidiary of the Company Southwest Coca-Cola Bottling Company, Inc. after the Performance Period ends, but prior to a payment date due to a condition which meets the definition of "disability" in the Company's Long Term Disability Insurance Policy or is on medical leave, Manager will receive the Award Payable as provided in this Agreement. If Manager's resignation due to disability occurs prior to the end of the Performance Period, the Board of Directors may waive the "continuous employment" requirement and prorate the Award Payable based on the ratio of the number of months within the Performance Period in which Manager was actively employed to the 36 months in the Performance Period, and the payment date of such partial Award Payable may be accelerated in the sole discretion of the Board of Directors of the Company.