Common use of Termination Due to Death or Permanent Disability Clause in Contracts

Termination Due to Death or Permanent Disability. In the event that the Company terminates the Agreement by reason of Officer's death or Permanent Disability pursuant to Paragraph 4.1(c) above, Officer shall be entitled to (i) Earned Base Salary (as defined below); (ii) earned benefits and reimbursable expenses; (iii) any earned bonus which Officer has been awarded pursuant to the terms of the Agreement or any other plan or arrangement as of the Early Termination Date, but which has not been received by Officer as of such date; (iv) any Deferred Amounts; and (v) all outstanding options (whether or not exercisable at the Early Termination Date) shall become fully and immediately vested and may be exercised for one year following such termination.

Termination Due to Death or Permanent Disability. In the event that the Company terminates the Agreement by reason of Officer's death or Permanent Disability pursuant to Paragraph 4.1(c4.1 (c) above, Officer shall be entitled to (i) Earned Base Salary (as defined below); (ii) earned benefits and reimbursable expenses; (iii) any earned bonus which Officer has been awarded pursuant to the terms of the Agreement or any other plan or arrangement as of the Early Termination Date, but which has not been received by Officer as of such date; (iv) any Deferred Amounts; and (v) all outstanding options (whether or not exercisable at the Early Termination Date) shall become fully and immediately vested and may be exercised for one year following such termination.