Common use of Termination by the Company for Disability Clause in Contracts

Termination by the Company for Disability. If Executive’s employment is terminated by the Company for Disability during the Term, the Company shall pay or provide to Executive: (i) the Accrued Compensation; and (ii) an amount equal to the Incentive Compensation that Executive would have been entitled to receive in respect of the fiscal year in which Executive’s termination date occurs, had Executive continued in employment through the date the payment is made, which amount, determined based on the Company’s actual performance for such year relative to the performance goals applicable to Executive shall be multiplied by a fraction (A) the numerator of which is the number of days in such fiscal year through termination date and (B) the denominator of which is 365 (the “Pro-Rata Bonus”) and shall be payable in a lump sum payment at the time such bonus or incentive awards are payable to other participants.

Appears in 10 contracts

Samples: Employment Agreement (Anywhere Real Estate Group LLC), Employment Agreement (Realogy Group LLC), Executive Severance Agreement (Realogy Group LLC)

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