Common use of Termination Upon Death or Disability Clause in Contracts

Termination Upon Death or Disability. If, during the term, Executive dies or Executive’s employment is terminated because Executive has become Disabled, Executive will be eligible to receive (1) six (6) months of severance and (2), at the sole discretion of the Board of Directors (as to both amount of and payment date for), a Bonus for the calendar year in which the Termination Date occurs, pro-rated to reflect the portion of the calendar year for which the Executive was employed by the Company.

Appears in 4 contracts

Samples: Executive Employment Agreement (KL Energy Corp), Executive Employment Agreement (KL Energy Corp), Executive Employment Agreement (Omni Bio Pharmaceutical, Inc.)

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Termination Upon Death or Disability. If, during the term, Executive dies or If Executive’s employment is and the Employment Period are terminated because Executive has become Disabled, Executive will be eligible to receive (1) six (6) months of severance and (2), at the sole discretion of the Board death or disability of Directors Executive, Company shall, subject to Section 7.14, be obligated to pay Executive or, if applicable, Executive’s estate, the Accrued Amounts in lump sum form no later than ten (as to both amount of and payment date for), a Bonus for the calendar year in which 10) days after the Termination Date occurs, pro-rated to reflect the portion of the calendar year for which the Executive was employed by the CompanyDate.

Appears in 4 contracts

Samples: Employment Agreement (Livongo Health, Inc.), Employment Agreement (Livongo Health, Inc.), Employment Agreement (Livongo Health, Inc.)

Termination Upon Death or Disability. IfIf the Executive's employment shall terminate by reason of his death or Disability, during the term, Company shall pay to the Executive dies (or Executive’s employment is terminated because Executive has become Disabled, Executive will be eligible to receive (1) six (6) months of severance and (2his estate or representative), at in a lump sum within 90 days after the sole discretion Date of Termination, the Board of Directors (as to both amount of and payment date for), a Prorated Short-Term Bonus for the calendar fiscal year in which the Termination Date such termination occurs, pro-rated to reflect the portion of the calendar year for which the Executive was employed by the Company.

Appears in 3 contracts

Samples: Employment Agreement (International Technology Corp), Employment Agreement (International Technology Corp), Employment Agreement (International Technology Corp)

Termination Upon Death or Disability. If, during In the term, Executive dies or event Executive’s 's employment is terminated because hereunder on account of death or Disability, (i) the Executive has become Disabled, Executive will shall be eligible entitled to receive the same payments and other rights as provided for in Section 11(a) hereof, (1ii) six (6) months of the Executive shall be entitled to receive a severance and (2)payment in the form a cash lump sum, at the sole discretion paid within 15 days of the Board date of Directors (as to both termination, with the amount of and such payment date for), a Bonus for to be the calendar year in which the Termination Date occurs, pro-rated to reflect the portion aggregate amount of the calendar year for which the Executive was employed by the CompanyExecutive's base salary as in effect immediately prior to such termination payable over 12 months.

Appears in 2 contracts

Samples: Employment Agreement (Veeco Instruments Inc), Employment Agreement (Veeco Instruments Inc)

Termination Upon Death or Disability. If, during the term, Executive dies or If Executive’s employment is and the Employment Period are terminated because Executive has become Disabled, Executive will be eligible to receive (1) six (6) months of severance and (2), at the sole discretion of the Board death or disability of Directors (as Executive, Company shall, subject to both amount of and payment date for)Section 6.14, a Bonus for be obligated to pay Executive or, if applicable, Executive’s estate, the calendar year Accrued Amounts in which lump sum form no later than thirty days after the Termination Date occurs, pro-rated to reflect the portion of the calendar year for which the Executive was employed by the CompanyDate.

Appears in 2 contracts

Samples: Employment Agreement (Ag&e Holdings Inc.), Merger Agreement (Ag&e Holdings Inc.)

Termination Upon Death or Disability. If, If Executive dies during the termEmployment Period, Executive dies or the Executive’s 's employment is with the Company shall be deemed terminated because Executive has become Disabled, Executive will be eligible to receive (1) six (6) months of severance and (2), at the sole discretion as of the Board date of Directors (as to both amount of death, and payment date for), a Bonus for the calendar year in which the Termination Date occurs, pro-rated to reflect the portion obligations of the calendar year for which the Company to or with respect to Executive was employed by the Company.shall terminate in their

Appears in 2 contracts

Samples: Employment Agreement (Hireright Inc), Employment Agreement (Hireright Inc)

Termination Upon Death or Disability. If, during If the term, Executive dies or Executive’s employment is terminated because terminates under Sections 5.1.1 or 5.1.2, then the Company shall pay or provide the Executive has become Disabled, Executive will be eligible to receive the Amounts and Benefits and continued Base Salary payments for a period of three (1) six (63) months following the Date of severance and (2), at Termination in accordance with the sole discretion usual payroll practices of the Board of Directors (as to both amount of and payment date for), a Bonus for the calendar year in which the Termination Date occurs, pro-rated to reflect the portion of the calendar year for which the Executive was employed by the Company.

Appears in 2 contracts

Samples: Employment Agreement (Dorman Products, Inc.), Employment Agreement (Dorman Products, Inc.)

Termination Upon Death or Disability. If, during the term, Executive dies or If Executive’s employment is and the Employment Period are terminated because Executive has become Disabled, Executive will be eligible to receive (1) six (6) months of severance and (2), at the sole discretion of the Board death or disability of Directors (as Executive, Company shall, subject to both amount of and payment date for)Section 7.14, a Bonus for be obligated to pay Executive or, if applicable, Executive’s estate, the calendar year in which the Termination Date occurs, pro-rated to reflect the portion of the calendar year for which the Executive was employed by the CompanyAccrued Obligations.

Appears in 2 contracts

Samples: Employment Agreement (Allscripts Healthcare Solutions, Inc.), Employment Agreement (Allscripts Healthcare Solutions, Inc.)

Termination Upon Death or Disability. If, during If the term, Executive dies or Executive’s employment Employment Period is terminated because Executive has become Disabled, Executive will be eligible to receive (1) six (6) months of severance and (2), at the sole discretion of the Board death or disability of Directors Executive, the Company shall be obligated to pay Executive or, if applicable, Executive's estate (a) any salary that was accrued but not yet paid as of the Effective Termination Date; (b) the unpaid Performance Bonus, if any, with respect to both amount of and payment date for), a Bonus for the calendar year in which the Termination Date occurs, pro-rated to reflect the portion of the calendar year for which the Executive was employed by the Company.year

Appears in 1 contract

Samples: Employment Agreement (Allscripts Inc /Il)

Termination Upon Death or Disability. If, during the term, Executive dies or If Executive’s employment is and the Employment Period are terminated because of the death or disability of Executive, Company shall, subject to Section 7.14, be obligated to pay Executive has become Disabledor, Executive will be eligible to receive if applicable, Executive’s estate, the following amounts: (1i) six (6) months of severance earned but unpaid Base Salary; and (2), at ii) the sole discretion of the Board of Directors (as to both amount of and payment date for), a Bonus for the calendar year in which the Termination Date occurs, pro-rated to reflect the portion of the calendar year for which the Executive was employed by the Company.unpaid Performance Bonus,

Appears in 1 contract

Samples: Employment Agreement (Allscripts Healthcare Solutions, Inc.)

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Termination Upon Death or Disability. If, during the term, Executive dies or Executive’s employment is terminated because Executive has become Disabled, Executive will be eligible to receive (1) six The employment of Executive shall terminate upon his death or, ten (610) months business days after written notice by the Company of severance and termination, upon or during the continuance of the total disability (as hereinafter defined) of Executive. (2)) Upon termination upon death or upon or during total disability, at the sole discretion Company shall have no further obligation to pay any compensation for periods after the effective date of the Board of Directors (such termination, except for Base Salary and Incentive Compensation which accrued as to both amount of and payment date for), a Bonus for the calendar year in which the Termination Date occurs, pro-rated to reflect the portion of the calendar year for which the Executive was employed by the Company.of

Appears in 1 contract

Samples: Employment Agreement (Infocure Corp)

Termination Upon Death or Disability. If, during the term, Executive dies or If Executive’s employment and the Employment Period is terminated because Executive has become Disabled, Executive will be eligible to receive (1) six (6) months of severance and (2), at the sole discretion of the Board death or disability of Directors Executive, Company shall, subject to Section 10.14, be obligated to pay Executive or, if applicable, Executive’s estate, the Accrued Amounts in lump sum form ten (as to both amount of and payment date for), a Bonus for the calendar year in which 10) days after the Termination Date occurs, pro-rated to reflect the portion of the calendar year for which the Executive was employed by the CompanyDate.

Appears in 1 contract

Samples: Employment Agreement (Allscripts-Misys Healthcare Solutions, Inc.)

Termination Upon Death or Disability. If, during the term, Executive dies or If Executive’s employment and the Employment Period is terminated because Executive has become Disabled, Executive will be eligible to receive (1) six (6) months of severance and (2), at the sole discretion of the Board death or disability of Directors Executive, Company shall, subject to Section 9.14, be obligated to pay Executive or, if applicable, Executive’s estate, the Accrued Amounts in lump sum form ten (as to both amount of and payment date for), a Bonus for the calendar year in which 10) days after the Termination Date occurs, pro-rated to reflect the portion of the calendar year for which the Executive was employed by the CompanyDate.

Appears in 1 contract

Samples: Employment Agreement (Allscripts-Misys Healthcare Solutions, Inc.)

Termination Upon Death or Disability. If, during the term, Executive dies or If Executive’s employment is and the Employment Period are terminated because Executive has become Disabled, Executive will be eligible to receive (1) six (6) months of severance and (2), at the sole discretion of the Board death or disability of Directors Executive, Company shall, subject to Section 7.14, be obligated to pay Executive or, if applicable, Executive’s estate, the Accrued Amounts in one lump sum no later than ten (as to both amount of and payment date for), a Bonus for the calendar year in which 10) days after the Termination Date occurs, pro-rated to reflect the portion of the calendar year for which the Executive was employed by the CompanyDate.

Appears in 1 contract

Samples: Employment Agreement (Livongo Health, Inc.)

Termination Upon Death or Disability. If, during the term, Executive dies or If Executive’s employment is and the Employment Period are terminated because Executive has become Disabled, Executive will be eligible to receive (1) six (6) months of severance and (2), at the sole discretion of the Board death or disability of Directors Executive, Company shall, subject to Section 7.14, be obligated to pay Executive or, if applicable, Executive’s estate, the Accrued Amounts in lump sum form no later than ten (as to both amount of and payment date for), a Bonus for the calendar year in which 10) days after the Termination Date occursor such earlier date as may be required by applicable law (or otherwise such other applicable date as may be specified in the agreement, pro-rated to reflect plan or program governing the portion terms of the calendar year for which the Executive was employed by the Companysuch Accrued Amount).

Appears in 1 contract

Samples: Employment Agreement (Livongo Health, Inc.)

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