TERMINATION FOR DISABILITY OR DEATH. (1) The Company shall have the right to terminate Employee's employment on or after the date Employee has a Disability, and Employee's employment shall terminate at Employee's death. (2) If Employee's employment terminates under this section 4(c), the Company shall pay Employee or, if Employee dies, Employee's estate the amount provided for under section 4(a)(2) and, in addition, Employee or, if Employee dies, Employee's estate shall be entitled to the provisions of section 4(a)(2) with respect to Employee's stock options.
Appears in 5 contracts
Samples: Employment Agreement (Harvest Natural Resources Inc), Employment Agreement (Harvest Natural Resources Inc), Employment Agreement (Harvest Natural Resources Inc)
TERMINATION FOR DISABILITY OR DEATH. (1) The Company shall have the right to terminate Employee's employment on or after the date Employee has a Disability, and Employee's employment shall terminate at Employee's death.
(2) If Employee's employment terminates under this section 4(c), the Company shall pay Employee or, if Employee dies, Employee's estate the amount provided for under section 4(a)(2) and, in addition, Employee or, if Employee dies, Employee's estate shall be entitled to the provisions of section 4(a)(2) with respect to Employee's stock options.4(a)
Appears in 5 contracts
Samples: Employment Agreement (Harvest Natural Resources Inc), Employment Agreement (Harvest Natural Resources Inc), Employment Agreement (Harvest Natural Resources Inc)
TERMINATION FOR DISABILITY OR DEATH. (1) The Company shall have the right to terminate Employee's employment on or after the date Employee has a Disability, and Employee's employment shall terminate at Employee's death.
(2) If Employee's employment terminates under this section Section 4(c), the Company shall pay Employee or, if Employee dies, Employee's estate the amount provided for under section 4(a)(2Section 4(a)(2)(v) and, in addition, Employee or, if Employee dies, Employee's estate shall be entitled to the provisions of section 4(a)(2Sections 4(a)(2)(w), (x) and (y) with respect to the Company's 401(k) profit sharing plan, Employee's stock optionsoptions and Employee's restricted stock.
Appears in 4 contracts
Samples: Employment Agreement (Harvest Natural Resources, Inc.), Employment Agreement (Harvest Natural Resources, Inc.), Employment Agreement (Harvest Natural Resources, Inc.)
TERMINATION FOR DISABILITY OR DEATH. (1) The Company shall have the right to terminate Employee's ’s employment on or after the date Employee has a Disability, and Employee's ’s employment shall terminate at Employee's ’s death.
(2) If Employee's ’s employment terminates under this section Section 4(c), the Company shall pay Employee or, if Employee dies, Employee's ’s estate the amount provided for under section 4(a)(2Section 4(a)(2)(v) and, in addition, Employee or, if Employee dies, Employee's ’s estate shall be entitled to the provisions of section 4(a)(2Sections 4(a)(2)(w), (x) and (y) with respect to the Company’s 401(k) profit sharing plan, Employee's ’s stock optionsoptions and Employee’s restricted stock.
Appears in 2 contracts
Samples: Employment Agreement (Harvest Natural Resources, Inc.), Employment Agreement (Harvest Natural Resources, Inc.)