Common use of Termination Other Than for Cause, Death or Disability Clause in Contracts

Termination Other Than for Cause, Death or Disability. (1) The Company or UTi Worldwide shall, for any reason, be entitled to terminate Executive's employment hereunder at any time without Cause and other than on account of Executive's death or disability pursuant to this Section 6(d). (2) If Executive's employment is terminated pursuant to this Section 6(d), Executive shall be entitled to receive (i) the Minimum Payments, and (ii) a severance equal to the greater of either (A) twelve (12) months of Executive's then current salary as set forth in Section 5(a) or (B) the aggregate amount of Executive's then current salary as set forth in Section 5(a) for the remainder of the term of employment during which such termination occurs. Such severance shall be payable in six equal monthly payments commencing thirty (30) days after the date of termination or as otherwise mutually agreed to by the parties. Executive shall not be entitled to a bonus for the year during which such termination occurs. Executive shall be entitled to receive any bonus earned for the previous year, but which is unpaid as of the Date of Termination.