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

Termination due to Death or by the Company due to Disability. If the Executive’s employment is terminated due to death or by the Company due to Disability, in addition to the Accrued Amounts, the Executive shall be entitled to payment of the Executive’s Annual Bonus for the year in which the Termination Date occurs, based on target performance and pro-rated to reflect the number of days that have elapsed for such year prior to the Termination Date, paid in cash within thirty (30) days of the Termination Date (the “Target Pro Rata Bonus”).

Appears in 6 contracts

Samples: Employment Agreement (ProSight Global, Inc.), Employment Agreement (ProSight Global, Inc.), Employment Agreement (ProSight Global, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.