Common use of Termination upon Disability or Death Clause in Contracts

Termination upon Disability or Death. In the event that Employee shall become disabled, Employer may terminate this Agreement upon thirty (30) days written notice to Employee. For purposes of this Agreement, the term "disabled" is used as defined in the Amended and Restated Shareholders' Agreement among Employer and certain of its shareholders, including Employee, being entered into contemporaneously with this Agreement. If Employee dies during the term of this Agreement or if this Agreement is terminated pursuant to the preceding sentence, Employee or his estate shall be paid as additional compensation hereunder, within sixty (60) days after such termination, an amount equal to two times Employee's annual base salary as then in effect or the balance due under this Agreement, whichever is greater.

Termination upon Disability or Death. In the event that Employee shall become disabled, Employer may terminate this Agreement upon thirty (30) days written notice to Employee. For purposes of this Agreement, the term "disabled" is used as defined in the Amended and Restated Shareholders' Agreement among Employer and certain of its shareholders, including Employee, being entered into contemporaneously with this Agreement. If Employee dies during the term of this Agreement or if this Agreement is terminated pursuant to the preceding sentence, Employee or his estate shall be paid as additional compensation hereunder, within sixty (60) days after such termination, an amount equal to two times Employee's annual base salary Effective Salary as then in effect effect, or the balance due number of years remaining under this AgreementAgreement multiplied by the Effective Salary, whichever is greater, and all stock options granted to Employee shall immediately vest.