Common use of Severance Benefits upon Termination due to Death or Disability Clause in Contracts

Severance Benefits upon Termination due to Death or Disability. If the Executive’s employment shall terminate by reason of death or Disability, the Company shall pay the Executive’s estate in the case of death or to the Executive in the case of Disability, the Accrued Obligations, plus a pro rata portion of the Executive’s target annual cash Incentive Compensation Award for the fiscal year that includes the Termination Date, less any payments thereof already made during such fiscal year. Such payments shall be in addition to those rights and benefits to which the Executive’s estate or the Executive may be entitled under the relevant Company plans or programs.

Appears in 12 contracts

Samples: Separation Pay Agreement (Wright Medical Group N.V.), Separation Pay Agreement (Wright Medical Group N.V.), Separation Pay Agreement (Wright Medical Group N.V.)

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Severance Benefits upon Termination due to Death or Disability. If the Executive’s employment shall terminate by reason of death or Disabilitydeath, the Company shall pay the Executive’s estate in the case of death or to the Executive in the case of Disability, the Post-Change in Control Accrued Obligations, plus a pro rata portion of the Executive’s target annual cash Incentive Compensation Award for the fiscal year that includes the Termination Date, less any payments thereof already made during such fiscal year. Such payments shall be in addition to those rights and benefits to which the Executive’s estate or the Executive may be entitled under the relevant Company plans or programs.

Appears in 4 contracts

Samples: Separation Pay Agreement (Wright Medical Group Inc), Separation Pay Agreement (Wright Medical Group Inc), Separation Pay Agreement (Wright Medical Group Inc)

Severance Benefits upon Termination due to Death or Disability. If the Executive’s 's employment shall terminate by reason of death or Disability, the Company shall pay the Executive’s estate Executive or his estate, as the case may be, the Post-Change in Control Accrued Obligations and, solely in the case of death or to the Executive in the case termination by reason of Disability, the Accrued ObligationsPension Supplement described in Section 5(c) hereof, plus a pro rata portion of the Executive’s target annual cash Incentive Compensation Award for the fiscal year that includes the Termination Date, less and any payments thereof already made during such fiscal yearamounts or benefits described in Section 10 hereof. Such payments shall be in addition to those rights and benefits to which the Executive’s Executive or his estate or the Executive may be entitled under the relevant Company plans or programs.

Appears in 2 contracts

Samples: Sempra Energy Severance Pay Agreement, Sempra Energy Severance Pay Agreement (Sempra Energy)

Severance Benefits upon Termination due to Death or Disability. If the Executive’s 's employment shall terminate by reason of death or Disability, the Company shall pay the Executive’s estate Executive or his estate, as the case may be, the Post-Change in Control Accrued Obligations and, solely in the case of death or to the Executive in the case termination by reason of Disability, the Accrued ObligationsPension Supplement described in Section 6(b) hereof, plus a pro rata portion of the Executive’s target annual cash Incentive Compensation Award for the fiscal year that includes the Termination Date, less and any payments thereof already made during such fiscal yearamounts or benefits described in Section 10 hereof. Such payments shall be in addition to those rights and benefits to which the Executive’s Executive or his estate or the Executive may be entitled under the relevant Company plans or programs.

Appears in 1 contract

Samples: Sempra Energy Severance Pay Agreement (Sempra Energy)

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Severance Benefits upon Termination due to Death or Disability. If the Executive’s 's employment shall terminate by reason of death or Disability, the Company shall pay the Executive’s estate in Executive or his estate, as the case of death or to the Executive in the case of Disabilitymay be, the Post-Change in Control Accrued Obligations, plus a pro rata portion of the Executive’s target annual cash Incentive Compensation Award for the fiscal year that includes the Termination Date, less Obligations and any payments thereof already made during such fiscal yearamounts or benefits described in Section 10 hereof. Such payments shall be in addition to those rights and benefits to which the Executive’s Executive or his estate or the Executive may be entitled under the relevant Company plans or programs.

Appears in 1 contract

Samples: Sempra Energy Severance Pay Agreement (Sempra Energy)

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