Common use of Termination upon Disability or Death Clause in Contracts

Termination upon Disability or Death. In the event that Executive’s employment ceases due to his death or Disability, Executive shall be entitled to the following (in addition to all accrued compensation and benefits through the date of termination): (i) the costs of continuing family health insurance coverage under COBRA for 12 months following termination of employment, provided, that the Company may, in its sole discretion, (A) pay such amounts directly to the applicable provider or (B) pay an equivalent amount directly to Executive, (ii) the Post-Employment Annual Bonus and (iii) Accelerated Vesting upon termination.

Appears in 9 contracts

Samples: Executive Employment Agreement (Delek US Holdings, Inc.), Executive Employment Agreement (Delek US Holdings, Inc.), Executive Employment Agreement (Delek US Holdings, Inc.)

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Termination upon Disability or Death. In the event that Executive’s employment ceases due to his Executive’s death or Disability, Executive shall be entitled to the following (in addition to all accrued compensation and benefits through the date of termination): (i) the costs of continuing family health insurance coverage under COBRA for 12 months following termination of employment, provided, that the Company may, in its sole discretion, (A) pay such amounts directly to the applicable provider or (B) pay an equivalent amount directly to Executive, (ii) the Post-Employment Annual Bonus and (iii) Accelerated Vesting upon termination.

Appears in 6 contracts

Samples: Executive Employment Agreement (Delek US Holdings, Inc.), Executive Employment Agreement (Delek US Holdings, Inc.), Executive Employment Agreement (Delek US Holdings, Inc.)

Termination upon Disability or Death. In the event that Executive’s employment ceases due to his her death or Disability, Executive shall be entitled to the following (in addition to all accrued compensation and benefits through the date of termination): (i) the costs of continuing family health insurance coverage under COBRA for 12 months following termination of employment, provided, that the Company may, in its sole discretion, (A) pay such amounts directly to the applicable provider or (B) pay an equivalent amount directly to Executive, (ii) the Post-Employment Annual Bonus and (iii) Accelerated Vesting upon termination.

Appears in 3 contracts

Samples: Executive Employment Agreement (Delek US Holdings, Inc.), Executive Employment Agreement (Delek Logistics Partners, LP), Executive Employment Agreement (Delek US Holdings, Inc.)

Termination upon Disability or Death. In the event that Executive’s employment ceases due to his death or Disability, Executive shall be entitled to the following (in addition to all accrued compensation and benefits through the date of termination): (i) the costs of continuing family health insurance coverage under COBRA for 12 18 months (payable each month as such premiums are due) following termination of employment, provided, that the Company may, in its sole discretion, (A) pay such amounts directly to the applicable provider or (B) pay an equivalent amount directly to ExecutiveExecutive (or his designated beneficiary or legal representative, if applicable), (ii) the Post-Employment Annual Bonus and (iii) Accelerated Vesting upon termination.

Appears in 1 contract

Samples: Executive Employment Agreement (Delek US Holdings, Inc.)

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Termination upon Disability or Death. In the event that Executive’s employment ceases due to his Executive’s death or Disability, Executive shall be entitled to the following (in addition to all accrued compensation and benefits through the date of termination): (i) the costs of continuing family health insurance coverage under COBRA for 12 18 months following termination of employment, provided, that the Company may, in its sole discretion, (A) pay such amounts directly to the applicable provider or (B) pay an equivalent amount directly to Executive, (ii) the Post-Post- Employment Annual Bonus and Bonus; (iii) Accelerated Vesting upon terminationtermination and (iv) the Accrued Benefits.

Appears in 1 contract

Samples: Executive Employment Agreement (Delek US Holdings, Inc.)

Termination upon Disability or Death. In the event that Executive’s employment ceases due to his death or Disability, Executive shall be entitled to the following (in addition to all accrued compensation and benefits through the date of termination): (i) the costs of continuing family health insurance coverage under COBRA for 12 18 months following termination of employment, provided, that the Company may, in its sole discretion, (A) pay such amounts directly to the applicable provider or (B) pay an equivalent amount directly to Executive, (ii) the Post-Employment Annual Bonus and (iii) Accelerated Vesting upon termination.

Appears in 1 contract

Samples: Executive Employment Agreement (Delek US Holdings, Inc.)

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