Termination due to Death or Total Disability Sample Clauses

Termination due to Death or Total Disability. In the event of your Termination prior to the Vesting Date due to your death or Total Disability after you have been actively employed by the Company for one year or more, this Award will vest as to 100% of the Number of the Shares on your Termination Date, and the Vesting Date under this Agreement will be your Termination Date. For purposes of this Award, Total Disability is defined in Section 5.6(a) of the Plan.
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Termination due to Death or Total Disability. In the event that the Employee’s employment is terminated due to the Employee’s death or by the Company as a result of the Employee being deemed to be Totally Disabled, the Company shall pay to the Employee the following amounts and nothing else: (i) any accrued but unpaid Salary for services rendered to the date of termination; and (ii) an amount equal to the Salary at the time of such termination, payable each month, over a six month period beginning thirty (30) days after the date of such termination in accordance with Section 3(a) above.
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Termination due to Death or Total Disability. If Executive's employment is terminated due to his death or Total Disability, Executive (or his estate) shall be entitled to:
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Termination due to Death or Total Disability. This Agreement shall terminate without action of the parties upon the occurrence of Xx. Xxxxx’x death or certification of her total disability. “Total disability” as used in this sub-section means qualification for disability benefits as is first certified by the ACSC’s long term disability insurance policy carrier, the Indiana State Teachers Retirement Fund, or Social Security.
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Termination due to Death or Total Disability. If the termination of the Director’s employment or services is the result of the Director’s death or Total Disability (as defined below), (a) the Director (or his beneficiary or personal representative, as the case may be) will have until the date that is 12 months after the Director’s Severance Date to exercise the Option, (b) the Option, to the extent not vested on the Severance Date, shall terminate on the Severance Date, and (c) the Option, to the extent exercisable for the 12-month period following the Severance Date and not exercised during such period, shall terminate at the close of business on the last day of the 12-month period;
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Termination due to Death or Total Disability. In the event of the death or Total Disability (defined below), of the Executive during the term of this Agreement, the Company shall pay, according to the terms established by the Executive or his authorized representative, to the Executive or the Executive's surviving spouse, other authorized representative or other beneficiary as so designated by the Executive during his lifetime, or to the Executive's estate, as appropriate, the Executive's Base Salary, as adjusted for the CPI, accrued vacation pay, unreimbursed business expenses, and all other items earned by and owed to the Executive through and including the Effective Date of Termination and the annual cash bonus equal to the prior year's bonus or $150,000.00, whichever is greater, for the remainder of the Term of this agreement or for a period of three (3) years, whichever is greater. In addition, any unvested portion of the stock granted under Section 5 shall immediately vest for the Executive's benefit and be promptly distributed to the same recipient receiving Executive's Base Salary. The Company's obligation to provide to or for the Executive his Base Salary, annual bonus, and stock grant (as provided in Sections 3, 4 and 5 herein, respectively), shall immediately thereafter expire and, the Company shall have no further obligations under this Agreement. In the event that the Executive is unable to perform his duties herein for a period of more than one hundred eighty (180) calendar days in the aggregate, whether or not consecutive, during any period of twelve (12) consecutive months, or in event of the Board's reasonable expectation that the Executive's Disability will exist for more than a period of one hundred eighty (180) calendar days during any period of twelve (12) consecutive months based on the medical opinions of two qualified and unaffiliated physicians ("Total Disability"), the Company shall have the right to terminate this Agreement and the Executive's employment hereunder. However, the Board shall deliver written notice to the Executive of the Company's intent to terminate for Total Disability at least ninety (90) calendar days prior to the Effective Date of such termination.
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Termination due to Death or Total Disability. In the event that the Executive’s employment is terminated due to the Executive’s death or by the Company as a result of the Executive being deemed to be Totally Disabled, the Company shall pay to the Executive the following amounts and nothing else: (i) any accrued but unpaid Salary for services rendered to the date of termination; and (ii) an amount equal to the Salary at the time of such termination, payable over a one (1) year period beginning thirty (30) days after the date of such termination in accordance with Section 3(a) above.
Sample 1
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Related to Termination due to Death or Total Disability

  • Termination Due to Death or Permanent Disability If the Employment Period shall be terminated due to death or Permanent Disability of the Executive, the Executive (or his estate or legal representative) shall be entitled solely to the following: (a) Base Salary through the Date of Termination (paid on the Companies’ normal payroll date), and (b) medical benefits as provided in Section 5.05 below. The Executive’s entitlements under any other benefit plan or program shall be as determined thereunder. In addition, promptly following any such termination, the Executive (or his estate or legal representative) shall be reimbursed for all Reimbursable Expenses incurred by the Executive prior to such termination in accordance with Section 4.04 and Section 13.14 herein.

  • Termination Due to Death or Disability Executive’s employment shall terminate automatically upon Executive’s death. The Company may terminate Executive’s employment immediately upon the occurrence of a Disability, such termination to be effective upon Executive’s receipt of written notice of such termination. Upon Executive’s death or in the event that Executive’s employment is terminated due to Executive’s Disability, Executive or Executive’s estate or Executive’s beneficiaries, as the case may be, shall be entitled to:

  • Termination Due to Death, Disability or Retirement In the event the Optionee’s employment or other service with the Company and all Subsidiaries is terminated by reason of death, Disability or Retirement, this Option will remain exercisable, to the extent exercisable as of the date of such termination, for a period of one year after such termination (but in no event after the Time of Termination).

  • Termination Due to Disability or Death This Agreement shall terminate automatically upon the appointee’s death. If the appointee is unable to perform his/her essential job functions with or without reasonable accommodation, the University or appointee may terminate this Agreement.

  • Termination of Employment Due to Death or Disability 4.1. In the event of your termination of employment due to death or permanent disability (within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986 (the “Code”)) during the Initial Term or the Additional Term, on the date of such termination each outstanding and unvested equity award held by you that, pursuant to its terms, vests solely based upon providing continued service to Skyworks, including, without limitation, stock options, restricted stock awards (including restricted stock unit awards), and performance-based equity awards that are earned but unissued, shall automatically become vested, exercisable, and issuable, and any forfeiture restrictions thereon shall immediately lapse, as applicable, in each case, with respect to one-hundred percent (100%) of that number of then-unvested shares underlying such equity award.

  • Termination Due to Disability If the Optionee’s employment terminates by reason of the Optionee’s disability (as determined by the Administrator), any portion of this Stock Option outstanding on such date shall become fully exercisable and may thereafter be exercised by the Optionee for a period of 12 months from the date of termination or until the Expiration Date, if earlier.

  • Termination Due to Death In the event that the Executive’s employment is terminated due to his death, his estate or his beneficiaries, as the case may be, shall be entitled to the following benefits:

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