Example ContractsClausesEmployee’s Disability or Death
Employee’s Disability or Death
Employee’s Disability or Death contract clause examples

2019 OMNIBUS INCENTIVE PLAN - [[Unknown Identifier]] PSU

Voluntary Termination/Employees Death or Disability. An Eligible Employee who voluntarily terminates employment with the Company shall receive no payments or benefits under the Plan except as otherwise specifically provided in this Plan or by the Plan Administrator. An Employee will not be considered to have voluntarily terminated employment if such employee terminates employment due to Good Reason whether during or outside a Change in Control Period. Further, no benefits will be paid under this Plan if the Eligible Employees termination of employment occurs following such Eligible Employees death or during such Eligible Employees Disability.

Employees Disability or Death. Employees employment shall terminate automatically in the event of Employees death or termination of employment by reason of his “Disability.” In the event of Employees death or termination of employment as a result of Employees Disability, Employee or his heirs shall be entitled to # the Accrued Obligations, plus # payment of an amount equal to Employees “earned” Bonus for the calendar year during which Employees date of termination occurs calculated as of the date of termination (wherein “earned” means that Employee has met the applicable bonus metrics as of date of such termination, as determined by the Board), prorated for such portion of the calendar year during which such termination occurs that has elapsed through the date of termination, payable in a lump sum on the date that is thirty (30) days following the date of termination. For purposes of this Agreement, “Disability” shall mean the Employees failure to perform his duties hereunder, for a period of not less than one hundred twenty (120) consecutive days

Employees Death. If Employee dies prior to receipt of any payments that this Agreement provides, Company will pay any remaining payments to Employees estate (subject to the other terms and conditions of this Agreement), except to the extent that Employees current or future beneficiary designation forms for Company benefit plans that utilize such forms provide otherwise.

Death or Disability. In the event of your death or Disability while actively employed, all of the outstanding Awards will immediately vest. Subject to [Section 15], all Awards not already settled as provided in [Section 2] above will be settled as of the date of your death or Disability. In the event of your death, payment will be made to your estate. “Disability” means a “disability” as defined in Treas. Reg. § 1.409A-3(i)(4) (or successor provisions).

Employees Disability or Death. Employees employment shall terminate automatically in the event of Employees death or termination of employment by reason of his “Disability.” In the event of Employees death or termination of employment as a result of Employees Disability, Employee or his heirs shall be entitled to # the Accrued Obligations, plus # payment of an amount equal to Employees “earned” Bonus for the calendar year during which Employees date of termination occurs calculated as of the date of termination (wherein “earned” means that Employee has met the applicable bonus metrics as of date of such termination, as determined by the Board), prorated for such portion of the calendar year during which such termination occurs that has elapsed through the date of termination, payable in a lump sum on the date that is thirty (30) days following the date of termination. For purposes of this Agreement, “Disability” shall mean the Employees failure to perform his duties hereunder, for a period of not less than one hundred twenty (120) consecutive days

Death or Disability. This Agreement and Executives employment hereunder will terminate automatically on the Executives death during the Term, and the Bank may terminate Executives employment on account of Executives Disability. If Executives employment is terminated during the Term on account of Executives death or Disability, Executive (or Executives estate, legal representatives and/or beneficiaries, as the case may be) will be entitled to receive the Accrued Amounts.

Employees Disability or Death. Employees employment shall terminate automatically in the event of Employees death or termination of employment by reason of his “Disability.” In the event of Employees death or termination of employment as a result of Employees Disability, Employee or his heirs shall be entitled to # the Accrued Obligations, plus # payment of an amount equal to Employees “earned” Bonus for the calendar year during which Employees date of termination occurs calculated as of the date of termination (wherein “earned” means that Employee has met the applicable bonus metrics as of date of such termination, as determined by the Board), prorated for such portion of the calendar year during which such termination occurs that has elapsed through the date of termination, payable in a lump sum on the date that is thirty (30) days following the date of termination. For purposes of this Agreement, “Disability” shall mean the Employees failure to perform his duties hereunder, for a period of not less than one hundred twenty (120) consecutive days because of Employees incapacitation due to physical or mental injury, disability, or illness.

In the case of a Participant whose employment terminates due to death or disability before completion of the payment of all corresponding Deferred Incentive Award installments, such installments shall promptly vest following the death or disability and the remaining installments shall be paid by the Bank within 90 days of the date of death or determination of disability.

Death or Disability. If the Participants service on the Board is terminated upon the Participants death or Disability, the unvested portion of the Restricted Stock Units (if any) will vest as of the termination date. For purposes of the Agreement, “Disability” means that the Participant is unable to engage in any substantial gainful activity by reason of any medically

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