TERMINATION FOR DISABILITY OR DEATH. In the event of termination for Disability or death, payments of the Employee's Base Salary shall be made to the Employee, his designated beneficiary or his estate for a period of six (6) months after the Termination Date in accordance with the normal payroll practices of the Company. During this period, the Company shall also reimburse the Employee for amounts paid, if any, to continue medical, dental and health coverage pursuant to the provisions of the Consolidated Omnibus Budget Reconciliation Act. During this period, the Company will also continue Employee's life insurance and disability coverage, to the extent permitted under applicable policies, and will pay to the Employee the fringe benefits pursuant to section 5 which have accrued prior to the Termination Date.
Appears in 7 contracts
Samples: Employment Agreement (Racing Champions Corp), Employment Agreement (Racing Champions Corp), Employment Agreement (Racing Champions Corp)
TERMINATION FOR DISABILITY OR DEATH. In the event of termination for Disability or death, payments of the Employee's Base Salary shall be made to the Employee, his designated beneficiary or his estate for a period of six (6) months after the Termination Date in accordance with the normal payroll practices of the Company. During this period, the Company shall also reimburse the Employee for amounts paid, paid if any, to continue medical, dental and health coverage pursuant to the provisions of the Consolidated Omnibus Budget Reconciliation Act. During this period, the Company will also continue Employee's life insurance and disability coverage, to the extent permitted under applicable policies, and will pay to the Employee the fringe benefits pursuant to section 5 which have accrued prior to the Termination Date.
Appears in 6 contracts
Samples: Employment Agreement (Racing Champions Corp), Employment Agreement (Racing Champions Corp), Employment Agreement (Racing Champions Corp)
TERMINATION FOR DISABILITY OR DEATH. In the event of termination for Disability or death, payments of the Employee's Base Salary shall be made to the Employee, his designated beneficiary or his estate for a period of six (6) months after the Termination Date in accordance with the normal payroll practices of the Company. During this period, the Company shall also reimburse the Employee for amounts paid, if any, to continue medical, dental and health coverage pursuant to the provisions of the Consolidated Omnibus Budget Reconciliation Act. During this period, the Company will also continue Employee's life insurance and disability coverage, to the extent permitted under applicable policies, and will pay to the Employee the fringe benefits pursuant to section 5 which have accrued prior to the Termination Date.
Appears in 5 contracts
Samples: Employment Agreement (Rc2 Corp), Employment Agreement (Racing Champions Corp), Employment Agreement (Racing Champions Corp)
TERMINATION FOR DISABILITY OR DEATH. In the event of --------------------------------------- termination for Disability or death, payments of the Employee's Base Salary shall be made to the Employee, his designated beneficiary or his estate for a period of six (6) months after the Termination Date in accordance with the normal payroll practices of the Company. During this period, the Company shall also reimburse the Employee for amounts paid, if any, to continue medical, dental and health coverage pursuant to the provisions of the Consolidated Omnibus Budget Reconciliation Act. During this period, the Company will also continue Employee's life insurance and disability coverage, to the extent permitted under applicable policies, and will pay to the Employee the fringe benefits pursuant to section 5 which have accrued prior to the Termination Date.
Appears in 4 contracts
Samples: Employment Agreement (Racing Champions Corp), Employment Agreement (Racing Champions Corp), Employment Agreement (Racing Champions Corp)
TERMINATION FOR DISABILITY OR DEATH. In the event of termination for Disability or death, payments of the greater of (i) the Employee's ’s Base Salary or (ii) $300,000 shall be made to the Employee, his designated beneficiary or his estate for a period of six (6) months after the Termination Date in accordance with the normal payroll practices of the Company. During this period, the Company shall also reimburse the Employee for amounts paid, if any, to continue medical, dental and health coverage pursuant to the provisions of the Consolidated Omnibus Budget Reconciliation Act. During this period, the Company will also continue Employee's ’s life insurance and disability coverage, to the extent permitted under applicable policies, and will pay to the Employee the fringe benefits pursuant to section 5 which have accrued prior to the Termination Date.
Appears in 3 contracts
Samples: Employment Agreement (Rc2 Corp), Employment Agreement (Rc2 Corp), Employment Agreement (Rc2 Corp)
TERMINATION FOR DISABILITY OR DEATH. In the event of --------------------------------------- termination for Disability or death, payments of the Employee's Base Salary shall be made to the Employee, his her designated beneficiary or his her estate for a period of six (6) months after the Termination Date in accordance with the normal payroll practices of the Company. During this period, the Company shall also reimburse the Employee for amounts paid, if any, to continue medical, dental and health coverage pursuant to the provisions of the Consolidated Omnibus Budget Reconciliation Act. During this period, the Company will also continue Employee's life insurance and disability coverage, to the extent permitted under applicable policies, and will pay to the Employee the fringe benefits pursuant to section 5 which have accrued prior to the Termination Date.
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