Common use of Termination by the Company Due to Your Disability or Death Clause in Contracts

Termination by the Company Due to Your Disability or Death. Subject to Section 10(f) and Section 409A, in the event your employment with the Company is terminated by the Company due to your disability or is terminated due to your death pursuant to Section 9(e) of this Letter Agreement, in addition to the Accrued Compensation (as defined below), the Company shall pay you in a lump sum a pro-rata amount of your target annual bonus for the year in which your death or disability occurs, calculated by multiplying your target annual bonus for such year by a fraction, the numerator of which is the number of days you were employed during such year and the denominator of which is 365 (the “Pro-Rata Bonus”) payable at the time set forth in Section 10(f) hereof.

Appears in 4 contracts

Samples: Letter Agreement (Arsanis, Inc.), Letter Agreement (Arsanis, Inc.), Letter Agreement (Arsanis, Inc.)

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Termination by the Company Due to Your Disability or Death. Subject to Section 10(f11(f) and Section 409A, in the event your employment with the Company is terminated by the Company due to your disability or is terminated due to your death pursuant to Section 9(e10(e) of this Letter Employment Agreement, in addition to the Accrued Compensation (as defined below), the Company shall pay you in a lump sum a pro-rata amount of your target annual bonus for the year in which your death or disability occurs, calculated by multiplying your target annual bonus for such year by a fraction, the numerator of which is the number of days you were employed during such year and the denominator of which is 365 (the “Pro-Rata Bonus”) payable at the time set forth in Section 10(f11(f) hereof.

Appears in 1 contract

Samples: Employment Agreement (Arsanis, Inc.)

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