Common use of Termination Due To Death, Permanent Disability Clause in Contracts

Termination Due To Death, Permanent Disability. If Executive’s employment is terminated due to Executive’s Permanent Disability or if Executive dies during the Employment Period, then subject to the terms and conditions of this Agreement (a) Executive or Executive’s estate, as the case may be, shall be entitled to receive, in addition to any amounts Executive may be entitled to receive under the Company’s long-term disability plan or other benefit plans, payment of Base Salary through the date of termination, and (b) Executive and/or Executive’s eligible dependents shall receive continuation of medical, dental and vision benefits upon the same terms as exist immediately prior to the termination of employment for similarly-situated active executives of the Company for the six (6)-month period immediately following the termination of employment (which benefits shall be considered part of, and not in addition to, any coverage required under COBRA). The Company shall have no other obligations under this Section 5.3 or otherwise with respect to Executive’s employment from and after the termination date, and the Company shall continue to have all other rights available hereunder (including, without limitation, all rights under the Restrictive Covenants at law or in equity). Subject to the terms and conditions of this Agreement, Executive or Executive’s estate shall also be entitled to receive the following amounts and benefits: (a) An amount in cash equal to the then-prevailing target amount of Executive's Annual Bonus ("Target Bonus") for the year of death or disability multiplied by a fraction, the numerator of which is the number of completed days of employment by Executive (including the date of termination or resignation) during the year of termination or resignation and the denominator of which is 365, which amount will be paid to Executive or Executive’s estate at the same time that the annual bonus is otherwise payable to the Company’s executives in accordance with the annual bonus plan. (b) Full vesting of any outstanding time-based equity awards granted to Executive, notwithstanding anything to the contrary that may be delineated in any equity plan or equity award agreement. Performance based equity will be treated in accordance with the applicable performance share equity agreement then in effect.

Termination Due To Death, Permanent Disability. If Executive’s 's employment is terminated due to Executive’s 's Permanent Disability or if Executive dies during the Employment Period, then subject to the terms and conditions of this Agreement Agreement, (a) Executive or Executive’s 's estate, as the case may be, shall be entitled to receive, in addition to any amounts Executive may be entitled to receive under the Company’s 's long-term disability plan or other benefit plans, payment of Base Salary through the date of termination, and (b) Executive and/or Executive’s 's eligible dependents shall receive continuation of medical, dental and vision medical benefits upon the same terms as exist immediately prior to the termination of employment for similarly-situated active executives of the Company for the six (6)-month period immediately following the termination of employment (which benefits shall be considered part of, and not in addition to, any coverage required under COBRA). The Company shall have no other obligations under this Section 5.3 or otherwise with respect to Executive’s 's employment from and after the termination date, and the Company shall continue to have all other rights available hereunder (including, without limitation, all rights under the Restrictive Covenants at law or in equity). Subject to the terms and conditions of this Agreement, Executive or Executive’s estate shall also be entitled to receive the following amounts and benefits: (a) An amount in cash equal to the then-prevailing target amount of Executive's Annual Bonus ("Target Bonus") for the year of death or disability multiplied by a fraction, the numerator of which is the number of completed days of employment by Executive (including the date of termination or resignation) during the year of termination or resignation and the denominator of which is 365, which amount will be paid to Executive or Executive’s estate at the same time that the annual bonus is otherwise payable to the Company’s executives in accordance with the annual bonus plan. (b) Full vesting of any outstanding time-based equity awards granted to Executive, notwithstanding anything to the contrary that may be delineated in any equity plan or equity award agreement. Performance based equity will be treated in accordance with the applicable performance share equity agreement then in effect.

Termination Due To Death, Permanent Disability. If if Executive’s 's employment is terminated due to Executive’s 's Permanent Disability or if Executive dies during the Employment Period, then subject to the terms and conditions of this Agreement Agreement, (a) Executive or Executive’s 's estate, as the case may be, shall be entitled to receive, in addition to any amounts Executive may be entitled to receive under the Company’s 's long-term disability plan or other benefit plans, payment of Base Salary through the date of termination, and (b) Executive and/or Executive’s 's eligible dependents shall receive continuation of medical, dental and vision medical benefits upon the same terms as exist immediately prior to the termination of employment for similarly-situated active executives of the Company for the six (6)-month period immediately following the termination of employment (which benefits shall be considered part of, and not in addition to, any coverage required under COBRA). The Company shall have no other obligations under this Section 5.3 or otherwise with respect to Executive’s 's employment from and after the termination date, and the Company shall continue to have all other rights available hereunder (including, without limitation, all rights under the Restrictive Covenants at law or in equity). Subject to the terms and conditions of this Agreement, Executive or Executive’s estate shall also be entitled to receive the following amounts and benefits: (a) An amount in cash equal to the then-prevailing target amount of Executive's Annual Bonus ("Target Bonus") for the year of death or disability multiplied by a fraction, the numerator of which is the number of completed days of employment by Executive (including the date of termination or resignation) during the year of termination or resignation and the denominator of which is 365, which amount will be paid to Executive or Executive’s estate at the same time that the annual bonus is otherwise payable to the Company’s executives in accordance with the annual bonus plan. (b) Full vesting of any outstanding time-based equity awards granted to Executive, notwithstanding anything to the contrary that may be delineated in any equity plan or equity award agreement. Performance based equity will be treated in accordance with the applicable performance share equity agreement then in effect.

Termination Due To Death, Permanent Disability. If Executive should die or suffer a permanent disability during the term of this Agreement, which event shall result in the termination of Executive’s 's employment, Employer shall continue to pay the Executive's base salary then in effect for a period of one hundred eighty (180) days after Executive's termination of employment is terminated due to death or permanent disability. In addition, Employer shall pay Executive the amount of his annual bonus, if any, which had fully accrued prior to Executive’s Permanent Disability 's termination of employment pursuant to this Section 9(b) in a lump sum within thirty (30) days following the date of Executive's death or if permanent disability. The amount to be paid to Executive dies during the Employment Period, then subject pursuant to the terms and conditions of this Agreement (aSection 9(b) Executive or Executive’s estate, as the case may be, shall be entitled to receive, in addition to reduced by the amount of any amounts Executive may be entitled to receive under the Company’s life insurance or long-term disability plan benefit payments paid or other benefit planspayable to Executive from policies of insurance maintained and paid for by Employer or Getty Images; provided that in the event the life insurance or long-term disability benefits exceed the amount to be paid to Executive pursuant to this Section 9(b), payment Executive shall remain entitled to receive the excess life insurance or long-term disability payments. The payments to be made under this Section 9(b) shall be made to Executive, or in the event of Base Salary through Executive's death, to such beneficiary as Executive may designate in writing to Employer for that purpose, or if Executive has not so designated, then to the date spouse of terminationExecutive, and (b) Executive and/or or if none is surviving, then to the personal representative of the estate of Executive’s eligible dependents shall receive continuation . Furthermore, in the event of Executive's death or permanent disability, Executive's or Executive's dependents' participation in any medical, dental and vision benefits upon the same terms as exist health, accident, disability, death, life insurance or similar plan in which Executive was participating immediately prior to the termination of employment for similarly-situated active executives of the Company shall continue for the six (6)-month period immediately following the termination of employment (in which benefits shall be considered part of, and not in addition to, any coverage required under COBRA). The Company shall have no other obligations payments are being made under this Section 5.3 9(b) at Employer's or otherwise with respect Getty Images' expense (subject to Executive’s employment from and after any normal employee contributions, if any), although any continuation of health coverage shall count toward the termination date, and "COBRA" continuation of coverage period. For the Company shall continue to have all other rights available hereunder (including, without limitation, all rights under the Restrictive Covenants at law or in equity). Subject to the terms and conditions purposes of this Agreement, "permanent disability" means any mental or physical illness, disability or incapacity which renders Executive or Executive’s estate shall also be entitled unable to receive the following amounts and benefits: perform his duties hereunder for ninety (a90) An amount in cash equal to the then-prevailing target amount of Executive's Annual Bonus ("Target Bonus") for the year of death or disability multiplied by a fraction, the numerator of which is the number of completed days of employment by Executive (including the date of termination or resignation) during the year of termination or resignation and the denominator of which is 365, which amount will be paid to Executive or Executive’s estate at the same time that the annual bonus is otherwise payable to the Company’s executives in accordance with the annual bonus planconsecutive working days. (b) Full vesting of any outstanding time-based equity awards granted to Executive, notwithstanding anything to the contrary that may be delineated in any equity plan or equity award agreement. Performance based equity will be treated in accordance with the applicable performance share equity agreement then in effect.

Termination Due To Death, Permanent Disability. If Executive’s 's employment is terminated due to Executive’s 's Permanent Disability or if Executive dies during the Employment Period, then subject to the terms and conditions of this Agreement Agreement, (a) Executive or Executive’s 's estate, as the case may be, shall be entitled to receive, in addition to any amounts Executive may be entitled to receive under the Company’s 's long-term disability plan or other benefit plans, payment of Base Salary through the date of termination, and (b) Executive and/or Executive’s 's eligible dependents shall receive continuation of medical, dental and vision medical benefits upon the same terms as exist immediately prior to the termination of employment for similarly-situated active executives of the Company for the six (6)-month period immediately following the termination of employment (which benefits shall be considered part of, and not in addition to, any coverage required under COBRA). The Company shall have no other obligations under this Section 5.3 or otherwise with respect to Executive’s 's employment from and after the termination date, and the Company shall continue to have all other rights available hereunder (including, without limitation, all rights under the Restrictive Covenants at law or in equity). Subject to the terms and conditions of this Agreement, Executive or Executive’s estate shall also be entitled to receive the following amounts and benefits: (a) An amount in cash equal to the then-prevailing target amount of Executive's Annual Bonus ("Target Bonus") for the year of death or disability multiplied by a fraction, the numerator of which is the number of completed days of employment by Executive (including the date of termination or resignation) during the year of termination or resignation and the denominator of which is 365, which amount will be paid to Executive or Executive’s estate at the same time that the annual bonus is otherwise payable to the Company’s executives in accordance with the annual bonus plan. (b) Full vesting of any outstanding time-based equity awards granted to Executive, notwithstanding anything to the contrary that may be delineated in any equity plan or equity award agreement. Performance based equity will be treated in accordance with the applicable performance share equity agreement then in effect.

Termination Due To Death, Permanent Disability. If Executive’s 's employment is terminated due to Executive’s 's Permanent Disability or if Executive dies during the Employment Period, then subject to the terms and conditions of this Agreement Agreement, (a) Executive or Executive’s 's estate, as the case may be, shall be entitled to receive, in addition to any amounts Executive may be entitled to receive under the Company’s 's long-term disability plan or other benefit plans, payment of Base Salary through the date of termination, and (b) Executive and/or Executive’s 's eligible dependents shall receive continuation of medical, dental and vision medical benefits upon the same terms as exist immediately prior to the termination of employment for similarly-situated active executives of the Company for the six (6)-month period immediately following the termination of employment (which benefits shall be considered part of, and not in addition to, any coverage required under COBRA). The Company shall have no other obligations under this Section 5.3 or otherwise with respect to Executive’s employment from and after the termination date, and the Company shall continue to have all other rights available hereunder (including, without limitation, all rights under the Restrictive Covenants at law or in equity). Subject to the terms and conditions of this Agreement, Executive or Executive’s estate shall also be entitled to receive the following amounts and benefits: (a) An amount in cash equal to the then-prevailing target amount of Executive's Annual Bonus ("Target Bonus") for the year of death or disability multiplied by a fraction, the numerator of which is the number of completed days of employment by Executive (including the date of termination or resignation) during the year of termination or resignation and the denominator of which is 365, which amount will be paid to Executive or Executive’s estate at the same time that the annual bonus is otherwise payable to the Company’s executives in accordance with the annual bonus plan. (b) Full vesting of any outstanding time-based equity awards granted to Executive, notwithstanding anything to the contrary that may be delineated in any equity plan or equity award agreement. Performance Performance-based equity will be treated in accordance with the applicable performance share equity agreement then in effect. The Company shall have no other obligations under this Section 5.3 or otherwise with respect to Executive's employment from and after the termination date, and the Company shall continue to have all other rights available hereunder (including, without limitation, all rights under the Restrictive Covenants at law or in equity).

Termination Due To Death, Permanent Disability. If Executive’s employment is terminated due to Executive’s Permanent Disability or if Executive dies during the Employment Period, then subject to the terms and conditions of this Agreement (a) Executive or Executive’s estate, as the case may be, shall be entitled to receive, in addition to any amounts Executive may be entitled to receive under the Company’s long-term disability plan or other benefit plans, payment of Base Salary through the date of termination, and (b) Executive and/or Executive’s eligible dependents shall receive continuation of medical, dental and vision benefits upon the same terms as exist immediately prior to the termination of employment for similarly-situated active executives senior leadership employees of the Company for the six (6)-month period immediately following the termination of employment (which benefits shall be considered part of, and not in addition to, any coverage required under COBRA). The Company shall have no other obligations under this Section 5.3 or otherwise with respect to Executive’s employment from and after the termination date, and the Company shall continue to have all other rights available hereunder (including, without limitation, all rights under the Restrictive Covenants at law or in equity). Subject to the terms and conditions of this Agreement, Executive or Executive’s estate shall also be entitled to receive the following amounts and benefits: (a) An If Executive’s employment is terminated due to Executive’s Permanent Disability or Executive’s death during the Initial Period, an amount in cash equal to the then-prevailing target amount of Executive's Annual Bonus ("Target Bonus") for the year of death or disability multiplied by a fraction, the numerator of which is the number of completed days of employment by Executive (including the date of termination or resignationtermination) during the year of termination or resignation and the denominator of which is 365, which amount will be paid to Executive or Executive’s estate at the same time that the annual bonus is otherwise payable to the Company’s executives in accordance with the annual bonus plan. (b) Full vesting Vesting of any outstanding time-based equity awards granted to Executive, notwithstanding anything to the contrary that may be delineated in any equity plan or equity award agreement. Performance and performance- based equity will be treated in accordance with the applicable performance share equity agreement then in effect.