Common use of Termination upon Disability or Death Clause in Contracts

Termination upon Disability or Death. The Company may terminate this Agreement at any time upon a physical or mental disability rendering the Executive unable to perform the essential functions of the job with reasonable accommodation by Company upon: (a) notice of termination or payment in lieu of such notice, both of which shall be in an amount equal to three months Base Salary plus an additional one (1) month Base Salary per year of completed employment hereunder; (b) payment of any unpaid and accrued vacation pay; and (c) payment of any portion of earned, yet unpaid Annual Bonus. Upon the death of the Executive, this Agreement shall terminate. The Company shall pay the estate of the Executive (a) in an amount equal to three months Base Salary plus an additional one (1) month Base Salary per year of completed employment hereunder; (b) payment of any unpaid and accrued vacation pay; and (c) payment of any portion of earned, yet unpaid Annual Bonus. Any salary payments required hereunder shall be based upon the Executive's Base Salary provided for in Section 3.1 hereof.

Termination upon Disability or Death. The Company may terminate this Agreement at any time upon a physical or mental disability rendering the Executive unable to perform the essential functions of the job with reasonable accommodation by Company upon: (a) notice of termination or payment in lieu of such notice, both of which shall be in an amount equal to three months Base Salary plus an additional one (1) month Base Salary per year of completed employment hereunder; (b) payment of any unpaid and accrued vacation pay; and (c) payment of any portion potion of earned, yet unpaid Annual Bonus. Upon the death of the Executive, this Agreement shall terminate. The Company shall pay the estate of the Executive (a) in an amount equal to three months Base Salary plus an additional one (1) month Base Salary per year of completed employment hereunder; (b) payment of any unpaid and accrued vacation pay; and (c) payment of any portion of earned, yet unpaid Annual Bonus. Any salary payments required hereunder shall be based upon the Executive's Base Salary provided for in Section 3.1 hereof.