Common use of Termination Due to Permanent Disability Clause in Contracts

Termination Due to Permanent Disability. If the Executive's employment hereunder is terminated as a result of Permanent Disability, in lieu of any other payments or benefits (other than any such disability benefits he may receive), he shall be paid a single lump sum in cash within thirty (30) days of the date of his termination, an amount equal to (i) all Accrued Obligations, (ii) all unpaid salary, whether or not accrued, remaining through the Term, plus (iii) an amount equal to any Performance Bonus amounts earned and unpaid through the date of termination. In addition the unvested portion of any options held by the Executive on such date shall vest, and any restriction on any options or stock held by the Executive shall terminate.

Termination Due to Permanent Disability. If the Executive's employment hereunder is terminated as a result of Permanent Disability, in lieu of any other payments or benefits (other than any such disability benefits he may receive), he shall be paid a single lump sum in cash within thirty (30) days of the date of his termination, an amount equal to (i) all Accrued Obligations, (ii) all unpaid salary, whether or not accrued, remaining through the Final Renewal Term, plus (iii) an amount equal to $900,000 offset by any Performance Bonus amounts earned and unpaid through the date of terminationreceived under this Agreement. In addition the unvested portion of any options held by the Executive on such date shall vest, and any restriction on any options or stock held by the Executive shall terminate.

Termination Due to Permanent Disability. If the Executive's employment hereunder is terminated as a result of Permanent Disability, in lieu of any other payments or benefits (other than any such disability benefits he may receive), he shall be paid a single lump sum in cash within thirty (30) days of the date of his termination, an amount equal to (i) all Accrued Obligations, (ii) all unpaid salary, whether or not accrued, remaining through the Term, plus (iii) an amount equal to any Performance Bonus amounts Commissions earned and unpaid through the date of termination. In addition the unvested portion of any options held by the Executive on such date shall vest, and any restriction on any options or stock held by the Executive shall terminate.

Termination Due to Permanent Disability. If the Executive's employment hereunder is terminated as a result of Permanent Disability, in lieu of any other payments or benefits (other than any such disability benefits he may receive), he shall be paid a single lump sum in cash within thirty (30) days of the date of his termination, an amount equal to (i) all Accrued Obligations, Obligations plus (ii) all unpaid salary, whether or not accrued, remaining through the Term, plus (iii) an amount equal to any Performance Bonus amounts earned and unpaid through the date of termination. In addition the unvested portion of any options held by the Executive on such date shall vest, and any restriction on any options or stock held by the Executive shall terminate.