Common use of Termination Not Giving Rise To Special Termination Payments or Medical Benefits Clause in Contracts

Termination Not Giving Rise To Special Termination Payments or Medical Benefits. If Executive's employment is terminated during the Change of Control Period for Cause (as defined in Section 5(b), or on account of Disability (as defined in Section 5(a)), or if Executive dies during the Change of Control Period, or if Executive terminates Executive's employment during the Change of Control Period without Good Reason, the Company shall pay to Executive any installments of Executive's Annual Base Salary as then in effect that would otherwise be due through the date on which Executive's employment is terminated. The Company shall then have no further obligations to the Executive under this Agreement (unless accrued under the Company's benefit plans) except that in the event of termination by death, the Executive's estate or beneficiaries, as the case may be, shall be paid such amounts as may be payable to the Executive under the Company's insurance policies and/or other benefit plans, and except that in the event of termination by Disability, the Executive shall be paid such amounts as Executive is entitled to receive under the Company's disability insurance policies and plans then in effect covering the Executive.

Appears in 6 contracts

Samples: Employment Agreement (Service Merchandise Co Inc), Employment Agreement (Service Merchandise Co Inc), Employment Agreement (Service Merchandise Co Inc)

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Termination Not Giving Rise To Special Termination Payments or Medical Benefits. If Executive's employment is terminated during the Change of Control Period for Cause (as defined in Section 5(b4(c), or on account of Disability disability (as defined determined in accordance with Section 5(a4(a)), or if Executive dies during the Change of Control Period, or if Executive terminates Executive's employment during the Change of Control Period without Good Reason, the Company shall pay to Executive any installments of Executive's Annual Base Salary as then in effect that would otherwise be due through the date on which Executive's employment is terminated. The Company shall then have no further obligations to the Executive under this Agreement (unless accrued under the Company's benefit plans) except that in the event of termination by death, the Executive's estate or beneficiaries, as the case may be, shall be paid such amounts as may be payable to the Executive under the Company's insurance policies and/or other benefit plansSection 5(c), and except that in the event of termination by Disabilitydisability, the Executive shall be paid such amounts as Executive is entitled to receive under the Company's disability insurance policies Section 5(b) and plans then in effect covering the Executiveexcept for payment of such amounts as may be required pursuant to Sections 7 and 12 hereof.

Appears in 1 contract

Samples: Employment Agreement (Link2gov Corp)

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Termination Not Giving Rise To Special Termination Payments or Medical Benefits. If Executive's employment is terminated during the Change of Control Period for Cause (as defined in Section 5(b), or on account of Disability (as defined in Section 5(a)), or if Executive dies during the Change of Control Period, or if Executive terminates Executive's employment during the Change of Control Period without Good Reason, the Company shall pay to Executive any installments of Executive's Annual Base Salary as then in effect that would otherwise be due through the date on which Executive's employment is terminated. The Company shall then have no further obligations to the Executive under this Agreement (unless accrued under the Company's benefit plans) except that in the event of termination by death, the Executive's estate or beneficiaries, as the case may be, shall be paid such amounts as may be payable to the Executive under the Company's , insurance policies and/or other benefit plans, and except that in the event of termination by Disability, the Executive shall be paid such amounts as Executive is entitled to receive under the Company's disability insurance policies and plans then in effect covering the Executive.

Appears in 1 contract

Samples: Employment Agreement (Service Merchandise Co Inc)

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