Common use of Bases for Termination Clause in Contracts

Bases for Termination. (a) Executive's employment hereunder may be terminated at any time by mutual agreement of the parties. (b) Executive's employment hereunder shall automatically terminate on the last day of the month in which Executive dies. If Executive becomes permanently disabled and is unable to perform the essential duties defined in paragraph 4 hereof (the "Duties") with or without accommodation, then Executive's employment hereunder may be terminated. "Permanent disability" as used herein shall mean mental or physical disability or both, evidenced by:

Appears in 3 contracts

Samples: Employment Agreement (Olympic Cascade Financial Corp), Employment Agreement (Olympic Cascade Financial Corp), Employment Agreement (National Securities Corp/Wa/)

AutoNDA by SimpleDocs

Bases for Termination. (a) Executive's employment hereunder may be terminated at any time by mutual agreement of the parties. (b) Executive's employment hereunder shall automatically terminate on the last day of the month in which Executive dies. If Executive becomes permanently disabled and is unable to perform the essential duties defined in paragraph Section 4 hereof (the "Duties") with or without accommodation, then Executive's employment hereunder may be terminated. "Permanent disability" as used herein shall mean mental or physical disability or both, evidenced by:

Appears in 3 contracts

Samples: Employment Agreement (Olympic Cascade Financial Corp), Employment Agreement (Olympic Cascade Financial Corp), Employment Agreement (Olympic Cascade Financial Corp)

AutoNDA by SimpleDocs

Bases for Termination. (a) Executive's employment hereunder may be terminated at any time by mutual agreement of the parties. (b) Executive's employment hereunder shall automatically terminate on the last day of the month in which Executive dies. If Executive becomes permanently disabled and is unable to perform the essential duties defined in paragraph 4 hereof (the "Duties") with or without accommodation, then Executive's employment hereunder may be terminated. "Permanent disability" as used herein shall mean mental or physical disability or both, evidenced by:: 4

Appears in 1 contract

Samples: Employment Agreement (National Securities Corp/Wa/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!