Common use of Termination in the Event of Death or Disability Clause in Contracts

Termination in the Event of Death or Disability. This Agreement and Employee’s employment shall terminate in the event of death or Disability of Employee, in which case the following will apply: (a) In the event of Employee’s Disability, Base Salary shall be terminated as of the end of such period that Employee is unable to perform his or her duties on a full-time basis and that establishes that Employee suffers from a Disability pursuant to the Disability Plan; (b) In the event of termination by reason of Employee’s death or Disability, and subject to Sections 4.06 and 4.07, Ceridian HCM shall pay to Employee a prorated portion (to the date of termination) of the Incentive Plan compensation (at target level), if any, to which Employee would otherwise have become entitled for the fiscal year in which his or her death or Disability occurs had Employee remained continuously employed for the full fiscal year, calculated by multiplying such Incentive Plan compensation by a fraction, the numerator of which is the number of days in the applicable fiscal year through the date of termination and the denominator or which is 365. The amount payable pursuant to this Section 4.04(b) shall be paid within 15 days after the date such Incentive Plan would have otherwise been paid had Employee remained employed for the full fiscal year; i.e. the payout date for all other Ceridian employees and Employees.

Appears in 5 contracts

Samples: Employment Agreement (Ceridian HCM Holding Inc.), Employment Agreement (Ceridian HCM Holding Inc.), Employment Agreement (Ceridian HCM Holding Inc.)

AutoNDA by SimpleDocs

Termination in the Event of Death or Disability. This Unless otherwise required by law, this Agreement and EmployeeExecutive’s employment shall terminate in the event of death or Disability (subject to Ceridian's duty to accommodate to the point of Employeeundue hardship) of Executive. In the event of death or Disability, in which case the following will apply: (a) In the event of EmployeeExecutive’s Disability, Base Salary shall be terminated as of the end of such period that Employee Executive is unable to perform his or her duties on a full-time basis and that establishes that Employee Executive suffers from a Disability pursuant to the Disability Plan; (b) In the event of termination by reason of EmployeeExecutive’s death or Disability, and subject to Sections 4.06 4.05 and 4.07, Ceridian HCM Canada shall pay to Employee Executive a prorated portion (to the date of termination) of the Incentive Plan compensation (at target level), if any, to which Employee Executive would otherwise have become entitled for the fiscal year in which his or her death or Disability occurs had Employee Executive remained continuously employed for the full fiscal year, calculated by multiplying such Incentive Plan compensation by a fraction, the numerator of which is the number of days in the applicable fiscal year through the date of termination and the denominator or which is 365. The amount payable pursuant to this Section 4.04(b) shall be paid within 15 days after the date such Incentive Plan would have otherwise been paid had Employee Executive remained employed for the full fiscal year; i.e. the payout date for all other Ceridian employees and Employeesexecutives.

Appears in 1 contract

Samples: Employment Agreement (Ceridian HCM Holding Inc.)

Termination in the Event of Death or Disability. This Agreement and Employee’s employment shall terminate in the event of death or Disability of Employee, in which case the following will apply: (a) In the event of Employee’s Disability, Base Salary shall be terminated as of the end of such period that Employee is unable to perform his or her duties on a full-time basis and that establishes that Employee suffers from a Disability pursuant to the Disability Plan; (b) In the event of termination by reason of Employee’s death or Disability, and subject to Sections 4.06 and 4.07, Ceridian HCM shall pay to Employee a prorated portion (to the date of termination) of the Incentive Plan compensation (at target level), if any, to which Employee would otherwise have become entitled for the fiscal year in which his or her death or Disability occurs had Employee remained continuously employed for the full fiscal year, calculated by multiplying such Incentive Plan compensation by a fraction, the numerator of which is the number of days in the applicable fiscal year through the date of termination and the denominator or which is 365. The amount payable pursuant to this Section 4.04(b) shall be paid within 15 days after the date such Incentive Plan would have otherwise been paid had Employee remained employed for the full fiscal year; i.e. the payout date for all other Ceridian employees and Employees.; and

Appears in 1 contract

Samples: Employment Agreement (Ceridian HCM Holding Inc.)

Termination in the Event of Death or Disability. This Unless otherwise required by law, this Agreement and EmployeeExecutive’s employment shall terminate in the event of death or Disability (subject to Ceridian’s duty to accommodate to the point of Employeeundue hardship) of Executive. In the event of death or Disability, in which case the following will apply: (a) In the event of EmployeeExecutive’s Disability, Base Salary shall be terminated as of the end of such period that Employee Executive is unable to perform his or her duties on a full-time basis and that establishes that Employee Executive suffers from a Disability pursuant to the Disability Plan; (b) In the event of termination by reason of EmployeeExecutive’s death or Disability, and subject to Sections 4.06 4.05 and 4.074.06, Ceridian HCM Canada shall pay to Employee Executive a prorated portion (to the date of termination) of the Incentive Plan compensation (at target level), if any, to which Employee Executive would otherwise have become entitled for the fiscal year in which his or her death or Disability occurs had Employee Executive remained continuously employed for the full fiscal year, calculated by multiplying such Incentive Plan compensation by a fraction, the numerator of which is the number of days in the applicable fiscal year through the date of termination and the denominator or which is 365. The amount payable pursuant to this Section 4.04(b) shall be paid within 15 days after the date such Incentive Plan would have otherwise been paid had Employee Executive remained employed for the full fiscal year; i.e. the payout date for all other Ceridian employees and Employeesexecutives.

Appears in 1 contract

Samples: Employment Agreement (Ceridian HCM Holding Inc.)

AutoNDA by SimpleDocs

Termination in the Event of Death or Disability. This Agreement and Employee’s employment shall terminate in the event of death or Disability of Employee, in which case the following will apply: (a) In the event of Employee’s Disability, Base Salary shall be terminated as of the end of such period that Employee is unable to perform his or her duties on a full-time basis and that establishes that Employee suffers from a Disability pursuant to the Disability Plan; (b) In the event of termination by reason of Employee’s death or Disability, and subject to Sections 4.06 4.05 and 4.074.06, Ceridian HCM shall pay to Employee a prorated portion (to the date of termination) of the Incentive Plan compensation (at target level), if any, to which Employee would otherwise have become entitled for the fiscal year in which his or her death or Disability occurs had Employee remained continuously employed for the full fiscal year, calculated by multiplying such Incentive Plan compensation by a fraction, the numerator of which is the number of days in the applicable fiscal year through the date of termination and the denominator or which is 365. The amount payable pursuant to this Section 4.04(b) shall be paid within 15 days after the date such Incentive Plan would have otherwise been paid had Employee remained employed for the full fiscal year; i.e. the payout date for all other Ceridian employees and Employees.

Appears in 1 contract

Samples: Employment Agreement (Ceridian HCM Holding Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!