Common use of Termination on Death or Disability Clause in Contracts

Termination on Death or Disability. If the Employee's employment is terminated because of Employee's Death or Disability (as defined in Section 3(c) herein), then the Company shall continue to pay to the Employee or his estate, as the case may be, his Base Compensation for six (6) months following the date of Employee's actual termination of employment. Employee shall also receive any severance and disability payments that are provided in the Company's standard benefit plans, which amounts shall offset and reduce the Base Compensation otherwise payable under the preceding sentence. Any payments pursuant to Sections 7(b) or (c) are conditioned on prior execution by the Employee of a waiver and general release of any known or unknown claims, in a form requested by the Company.

Termination on Death or Disability. If the Employee's employment is terminated because of Employee's Death or Disability (as defined in Section 3(c) herein), then the Company shall continue to pay to the Employee or his estate, as the case may be, his Base Compensation for six (6) months following the date of Employee's actual termination of employment. Employee shall also receive any severance and disability payments that are provided in the Company's standard benefit plans, which amounts (other than Life Insurance amounts), shall offset and reduce the Base Compensation otherwise payable under the preceding sentence. Any payments pursuant to Sections 7(b) or (c) are conditioned on prior execution by the Employee of a waiver and general release of any known or unknown claims, in a form requested by the Company.