Common use of Termination upon Death or Disability of Executive Clause in Contracts

Termination upon Death or Disability of Executive. a. Upon Executive’s death while employed pursuant to this Agreement, this Agreement will automatically terminate. b. Subject to applicable state and federal law, the Company will at all times have the right, upon thirty (30) days written notice to Executive, to terminate this Agreement based on Executive’s Disability. c. In the event Executive’s employment is terminated due to Executive’s death or Disability, the Company will pay to Executive or Executive’s heirs or estate all Standard Termination Payments together with any other compensation and benefits payable to Executive through the Executive’s Termination Date under any compensation or benefit plan, program or arrangement during such period. In addition, if Executive, or if Executive is deceased, a participant on Executive’s health insurance plan, elects COBRA coverage, the Company will pay its third party administrator the full cost of COBRA coverage for twelve (12) months from the Executive’s Termination Date.

Appears in 8 contracts

Samples: Employment Agreement (Scripps Safe, Inc.), Employment Agreement (Zynex Inc), Employment Agreement (Zynex Inc)

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Termination upon Death or Disability of Executive. a. (a) Upon Executive’s death while employed pursuant to this Agreement, this Agreement will shall automatically terminate. b. (b) Subject to applicable state and federal law, the Company will shall at all times have the right, upon thirty (30) days written notice to Executive, to terminate this Agreement based on Executive’s Disability. c. (c) In the event Executive’s employment is terminated due to Executive’s death or Disability, the Company will shall pay to Executive or Executive’s heirs or estate all Standard Termination Payments together with any other compensation and benefits payable to Executive through the Executive’s Termination Date under any compensation or benefit plan, program or arrangement during such period. In addition, if Executive, or if Executive is deceased, a participant on Executive’s health insurance plan, elects COBRA coverage, the Company will shall pay its third party administrator the full cost of COBRA coverage for twelve (12) months from the Executive’s Termination Date.

Appears in 4 contracts

Samples: Legal Release of Claims (Evolving Systems Inc), Employment Agreement (Evolving Systems Inc), Employment Agreement (Evolving Systems Inc)

Termination upon Death or Disability of Executive. a. (a) Upon Executive’s death while employed pursuant to this Agreement, this Agreement will automatically terminate. b. (b) Subject to applicable state and federal law, the Company will at all times have the right, upon thirty (30) days written notice to Executive, to terminate this Agreement based on Executive’s Disability. c. (c) In the event Executive’s employment is terminated due to Executive’s death or Disability, the Company will pay to Executive or Executive’s heirs or estate all Standard Termination Payments together with any other compensation and benefits payable to Executive through the Executive’s Termination Date under any compensation or benefit plan, program or arrangement during such period. In addition, if Executive, or if Executive is deceased, a participant on Executive’s health insurance plan, elects COBRA coverage, the Company will pay its third party administrator the full cost of COBRA coverage for twelve (12) months from the Executive’s Termination Date.

Appears in 2 contracts

Samples: Employment Agreement (Evolving Systems Inc), Employment Agreement (Evolving Systems Inc)

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Termination upon Death or Disability of Executive. a. Upon Executive’s death while employed pursuant to this Agreement, this Agreement will automatically terminate. b. Subject to applicable state and federal law, the Company will at all times have the right, upon thirty (30) days written notice to Executive, to terminate this Agreement based on Executive’s Disability. c. In the event Executive’s employment is terminated due to Executive’s death or Disability, the Company will pay to Executive or Executive’s heirs or estate all Standard Termination Payments set forth in Section 7.1 together with any other compensation and benefits payable to Executive through the Executive’s Termination Date under any compensation or benefit plan, program or arrangement during such period. In addition, if Executive, or if Executive is deceased, a participant on Executive’s health insurance plan, elects COBRA coverage, the Company will pay its third party administrator the full cost of COBRA coverage for twelve (12) months from the Executive’s Termination Date.

Appears in 1 contract

Samples: Employment Agreement (Zynex Inc)

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