Termination Because of Death. The Executive's employment by the Companies under this agreement shall terminate upon his death. If the Executive's employment under this agreement terminates because of his death, then the Executive's estate or his beneficiaries (as further described in subparagraph 10(k)) will be entitled to receive the following compensation and benefits from the Companies: (i) A lump sum payment equal to the sum of the following, to the extent accrued and unpaid up to and including the date of termination of the Executive’s employment (the "Termination Date"): (A) the Executive’s Base Salary, and (B) the balance of the Executive’s earned and unused vacation pay, in each case payable within fourteen (14) days after the Termination Date (collectively, the "Accrued Benefits"); (ii) A lump sum payment under the terms of the then-existing annual incentive bonus plan for senior executives of the Companies, on a pro rata basis, equal to the product of (A) the Executive's annual incentive bonus for the calendar year in which the Termination Date occurs (computed as if the Executive were employed by the Companies throughout such calendar year) and (B) a fraction, the numerator of which is the number of days during the calendar year in which the Termination Date occurs that the Executive was employed by the Companies and the denominator of which is 365, payable on the date bonuses are paid under the annual incentive bonus plan to then-current senior executives of the Companies (the "Pro Rata Bonus"); (iii) Any other amounts earned, accrued, or owed to the Executive under this agreement but not paid as of the Termination Date; and (iv) Any other benefits payable by reason of the Executive's death, or to which the Executive otherwise may be entitled, under any benefit plans or programs of the Companies in effect on the Termination Date.
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Samples: Employment Agreement (CSG Systems International Inc), Employment Agreement (CSG Systems International Inc), Employment Agreement (CSG Systems International Inc)
Termination Because of Death. The Executive's ’s employment by the Companies under this agreement shall terminate upon his death. If the Executive's ’s employment under this agreement terminates because of his death, then the Executive's ’s estate or his beneficiaries (as further described in subparagraph 10(k)) will be entitled to receive the following compensation and benefits from the Companies:
(i) A lump sum payment equal to the sum of the following, to the extent accrued and unpaid up to and including the date of termination of the Executive’s employment (the "“Termination Date"”): (A) the Executive’s Base Salary, and (B) the balance of the Executive’s earned and unused vacation pay, in each case payable within fourteen (14) days after the Termination Date (collectively, the "“Accrued Benefits"”);
(ii) A lump sum payment under the terms of the then-existing annual incentive bonus plan for senior executives of the Companies, on a pro rata basis, equal to the product of (A) the Executive's ’s annual incentive bonus for the calendar year in which the Termination Date occurs (computed as if the Executive were employed by the Companies throughout such calendar year) and (B) a fraction, the numerator of which is the number of days during the calendar year in which the Termination Date occurs that the Executive was employed by the Companies and the denominator of which is 365, payable on the date bonuses are paid under the annual incentive bonus plan to then-current senior executives of the Companies (the "“Pro Rata Bonus"”);
(iii) Any other amounts earned, accrued, or owed to the Executive under this agreement but not paid as of the Termination Date; and
(iv) Any other benefits payable by reason of the Executive's ’s death, or to which the Executive otherwise may be entitled, under any benefit plans or programs of the Companies in effect on the Termination Date.
Appears in 1 contract
Samples: Employment Agreement (CSG Systems International Inc)
Termination Because of Death. The Executive's ’s employment by the Companies under this agreement shall terminate upon his her death. If the Executive's ’s employment under this agreement terminates because of his her death, then the Executive's ’s estate or his her beneficiaries (as further described in subparagraph 10(k)) will be entitled to receive the following compensation and benefits from the Companies:
(i) A lump sum payment equal to the sum of the following, to the extent accrued and unpaid up to and including the date of termination of the Executive’s employment (the "“Termination Date"”): (A) the Executive’s Base Salary, and (B) the balance of the Executive’s earned and unused vacation pay, in each case payable within fourteen (14) days after the Termination Date (collectively, the "“Accrued Benefits"”);
(ii) A lump sum payment under the terms of the then-existing annual incentive bonus plan for senior executives of the Companies, on a pro rata basis, equal to the product of (A) the Executive's ’s annual incentive bonus for the calendar year in which the Termination Date occurs (computed as if the Executive were employed by the Companies throughout such calendar year) and (B) a fraction, the numerator of which is the number of days during the calendar year in which the Termination Date occurs that the Executive was employed by the Companies and the denominator of which is 365, payable on the date bonuses are paid under the annual incentive bonus plan to then-current senior executives of the Companies (the "“Pro Rata Bonus"”);
(iii) Any other amounts earned, accrued, or owed to the Executive under this agreement but not paid as of the Termination Date; and
(iv) Any other benefits payable by reason of the Executive's ’s death, or to which the Executive otherwise may be entitled, under any benefit plans or programs of the Companies in effect on the Termination Date.
Appears in 1 contract
Samples: Employment Agreement (CSG Systems International Inc)
Termination Because of Death. The Executive's ’s employment by the Companies under this agreement shall terminate upon his the Executive’s death. If the Executive's ’s employment under this agreement terminates because of his death, then the Executive's ’s estate or his beneficiaries (as further described in subparagraph 10(k)the case may be) will shall be entitled to receive the following compensation and benefits from the Companies:
(i) A lump sum payment equal to the sum of the following, to the extent accrued and unpaid up to and including The Base Salary through the date of termination of the Executive’s employment (the "Termination Date"): (A) the Executive’s Base Salary, and (B) the balance of the Executive’s earned and unused vacation pay, in each case payable within fourteen (14) days after the Termination Date (collectively, the "Accrued Benefits")death;
(ii) A lump sum payment under the terms pro rata portion of the then-existing annual incentive bonus plan for senior executives of the Companies, on a pro rata basis, equal to the product of (A) the Executive's ’s annual incentive bonus for the calendar year in which the Termination Date his death occurs (computed as if the Executive were employed by the Companies throughout such calendar year) and (B) a fraction), the numerator of which is based upon the number of days during the in such calendar year in which elapsed through the Termination Date occurs date of the Executive’s death as a proportion of 365, to be paid at the same time that such incentive bonus would have been paid had the Executive’s death not occurred and the Executive was had continued to be employed by the Companies and the denominator of which is 365, payable on the date bonuses are paid under the annual incentive bonus plan to then-current senior executives of the Companies (the "Pro Rata Bonus")Companies;
(iii) Any other amounts earned, accrued, or owed to the Executive under this agreement but not paid as of the Termination Datedate of the Executive’s death; and
(iv) Any other benefits payable by reason of the Executive's ’s death, or to which the Executive otherwise may be entitled, under any benefit plans or programs of the Companies in effect on the Termination Date.date of the Executive’s death; provided, that (i) no shares of restricted stock or other equity award granted to the Executive by CSGS prior to the Executive’s death which has not vested in the Executive as of the date of the Executive’s death shall vest in the Executive or the Executive’s estate or beneficiaries after the date of the Executive’s death and (ii) no stock option granted to the Executive by CSGS prior to the Executive’s death shall be exercisable by the Executive’s estate or beneficiaries after the date of the Executive’s death except as expressly permitted by the provisions of the applicable stock option agreement. Xxxxxxxxx Employment Agreement Amendment March 2011 (final)
Appears in 1 contract
Samples: Employment Agreement (CSG Systems International Inc)
Termination Because of Death. The Executive's ’s employment by the Companies under this agreement shall terminate upon his the Executive’s death. If the Executive's ’s employment under this agreement terminates because of his death, then the Executive's ’s estate or his beneficiaries (as further described in subparagraph 10(k)the case may be) will shall be entitled to receive the following compensation and benefits from the Companies:
(i) A lump sum payment equal to the sum of the following, to the extent accrued and unpaid up to and including The Base Salary through the date of termination of the Executive’s employment (the "Termination Date"): (A) the Executive’s Base Salary, and (B) the balance of the Executive’s earned and unused vacation pay, in each case payable within fourteen (14) days after the Termination Date (collectively, the "Accrued Benefits")death;
(ii) A lump sum payment under the terms pro rata portion of the then-existing annual incentive bonus plan for senior executives of the Companies, on a pro rata basis, equal to the product of (A) the Executive's ’s annual incentive bonus for the calendar year in which the Termination Date his death occurs (computed as if the Executive were employed by the Companies throughout such calendar year) and (B) a fraction), the numerator of which is based upon the number of days during the in such calendar year in which elapsed through the Termination Date occurs date of the Executive’s death as a proportion of 365, to be paid at the same time that such incentive bonus would have been paid had the Executive’s death not occurred and the Executive was had continued to be employed by the Companies and the denominator of which is 365, payable on the date bonuses are paid under the annual incentive bonus plan to then-current senior executives of the Companies (the "Pro Rata Bonus")Companies;
(iii) Any other amounts earned, accrued, or owed to the Executive under this agreement but not paid as of the Termination Datedate of the Executive’s death; and
(iv) Any other benefits payable by reason of the Executive's ’s death, or to which the Executive otherwise may be entitled, under any benefit plans or programs of the Companies in effect on the Termination Datedate of the Executive’s death; provided, that (i) no shares of restricted stock or other equity award granted to the Executive by CSGS prior to the Executive’s death which has not vested in the Executive as of the date of the Executive’s death shall vest in the Executive or the Executive’s estate or beneficiaries after the date of the Executive’s death and (ii) no stock option granted to the Executive by CSGS prior to the Executive’s death shall be exercisable by the Executive’s estate or beneficiaries after the date of the Executive’s death except as expressly permitted by the provisions of the applicable stock option agreement.
Appears in 1 contract
Samples: Employment Agreement (CSG Systems International Inc)
Termination Because of Death. The Executive's employment by the Companies under this agreement shall terminate upon his death. If the Executive's employment under this agreement terminates because of his death, then the Executive's estate or his beneficiaries (as further described in subparagraph 10(k)) will be entitled to receive the following compensation and benefits from the Companies:
(i) A lump sum payment equal to the sum of the following, to the extent accrued and unpaid up to and including the date of termination of the Executive’s employment (the "Termination Date"): (A) the Executive’s Base Salary, and (B) the balance of the Executive’s earned and unused vacation pay, in each case 436694.3 payable within fourteen (14) days after the Termination Date (collectively, the "Accrued Benefits");
(ii) A lump sum payment under the terms of the then-existing annual incentive bonus plan for senior executives of the Companies, on a pro rata basis, equal to the product of (A) the Executive's annual incentive bonus for the calendar year in which the Termination Date occurs (computed as if the Executive were employed by the Companies throughout such calendar year) and (B) a fraction, the numerator of which is the number of days during the calendar year in which the Termination Date occurs that the Executive was employed by the Companies and the denominator of which is 365, payable on the date bonuses are paid under the annual incentive bonus plan to then-current senior executives of the Companies (the "Pro Rata Bonus");
(iii) Any other amounts earned, accrued, or owed to the Executive under this agreement but not paid as of the Termination Date; and
(iv) Any other benefits payable by reason of the Executive's death, or to which the Executive otherwise may be entitled, under any benefit plans or programs of the Companies in effect on the Termination Date.
Appears in 1 contract
Samples: Employment Agreement (CSG Systems International Inc)