Common use of Your Disability or Death Clause in Contracts

Your Disability or Death. If your employment terminates because of Disability or death, the Company will pay or provide you or your estate (1) your Accrued Compensation and your Other Benefits, as and when such amounts would otherwise been paid had your employment not been terminated or such earlier time as may be required by law, and (2) subject to Section 6(f), an amount equal to a pro-rated portion of your prior year’s Bonus based on the number days worked during the year of termination, payable in a lump-sum within thirty (30) days following the date of termination of employment. In such event, all Equity Awards granted to you after the Effective Date shall be treated as provided in Section 6(b)(iv).

Appears in 5 contracts

Samples: Employment Agreement (Hanmi Financial Corp), Employment Agreement (Hanmi Financial Corp), Employment Agreement (Hanmi Financial Corp)

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