Common use of TERMINATION BY REASON OF DEATH OR TOTAL DISABILITY OR BY THE COMPANY FOR CAUSE Clause in Contracts

TERMINATION BY REASON OF DEATH OR TOTAL DISABILITY OR BY THE COMPANY FOR CAUSE. In the event that Employee's employment is terminated prior to the expiration of the Term by reason of Employee's death or Total Disability or for Cause pursuant to Paragraph 5(a), 5(b) or 5(c) hereof, respectively, the Company shall pay the following amounts to Employee (or Employee's spouse or estate, as the case may be): i. any accrued but unpaid Base Salary (as defined in, and determined pursuant to, EXHIBIT A attached hereto) for services rendered to the date of termination less any amounts received by Employee under the Company's long-term disability plan; ii. any accrued but unpaid Incentive Commission (as defined in, and determined pursuant to, EXHIBIT A attached hereto) due Employee as of the date of termination; iii. any accrued but unpaid expenses required to be reimbursed pursuant to Section 4 hereof; and iiii. any accrued but unpaid vacation pay. The benefits to which Employee and/or Employee's family may be entitled upon such termination pursuant to the plans, programs and arrangements referred to in EXHIBIT A attached hereto shall be determined and paid in accordance with the terms of such plans, programs and arrangements.

Appears in 4 contracts

Samples: Employment Agreement (Environmental Solutions Worldwide Inc), Employment Agreement (Environmental Solutions Worldwide Inc), Employment Agreement (Environmental Solutions Worldwide Inc)

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TERMINATION BY REASON OF DEATH OR TOTAL DISABILITY OR BY THE COMPANY FOR CAUSE. In the event that Employee's ’s employment is terminated prior to the expiration of the Term by reason of Employee's ’s death or Total Disability or for Cause pursuant to Paragraph 5(a), 5(b) or 5(c) hereof, respectively, the Company shall pay the following amounts to Employee (or Employee's ’s spouse or estate, as the case may be): ): i. any accrued but unpaid Base Salary (as defined in, and determined pursuant to, EXHIBIT Exhibit A attached hereto) for services rendered to the date of termination less any amounts received by Employee under the Company's ’s long-term disability plan; ; ii. any accrued but unpaid Incentive Commission (as defined in, and determined pursuant to, EXHIBIT Exhibit A attached hereto) due Employee as of the date of termination; ; iii. any accrued but unpaid expenses required to be reimbursed pursuant to Section 4 hereof; and and iiii. any accrued but unpaid vacation pay. The benefits to which Employee and/or Employee's ’s family may be entitled upon such termination pursuant to the plans, programs and arrangements referred to in EXHIBIT Exhibit A attached hereto shall be determined and paid in accordance with the terms of such plans, programs and arrangements.

Appears in 1 contract

Samples: Employment Agreement (ColorStars Group)

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TERMINATION BY REASON OF DEATH OR TOTAL DISABILITY OR BY THE COMPANY FOR CAUSE. In the event that Employee's ’s employment is terminated prior to the expiration of the Term by reason of Employee's ’s death or Total Disability or for Cause pursuant to Paragraph 5(a), 5(b) or 5(c) hereof, respectively, the Company shall pay the following amounts to Employee (or Employee's ’s spouse or estate, as the case may be): i. any accrued but unpaid Base Salary (as defined in, and determined pursuant to, EXHIBIT Exhibit A attached hereto) for services rendered to the date of termination less any amounts received by Employee under the Company's ’s long-term disability plan; ii. any accrued but unpaid Incentive Commission (as defined in, and determined pursuant to, EXHIBIT Exhibit A attached hereto) due Employee as of the date of termination; iii. any accrued but unpaid expenses required to be reimbursed pursuant to Section 4 hereof; and iiii. any accrued but unpaid vacation pay. The benefits to which Employee and/or Employee's ’s family may be entitled upon such termination pursuant to the plans, programs and arrangements referred to in EXHIBIT Exhibit A attached hereto shall be determined and paid in accordance with the terms of such plans, programs and arrangements.

Appears in 1 contract

Samples: Employment Agreement (ColorStars Group)

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