Common use of By Reason of Serious Illness or Disability Clause in Contracts

By Reason of Serious Illness or Disability. In the event of Employee’s Serious Illness or Disability during Employment, the Corporation may terminate Employee’s Employment by giving Employee at least 60 days’ advance written notice specifying the date of termination. If, on or before the date of termination specified in such notice, Employee recovers and is again able to perform his duties hereunder, such notice shall be void, and Employee’s Employment shall not be terminated thereby.

Appears in 5 contracts

Samples: Employment Agreement (Federal National Mortgage Association Fannie Mae), Employment Agreement (Federal National Mortgage Association Fannie Mae), Employment Agreement (Federal National Mortgage Association Fannie Mae)

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