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Common use of Death and Disability Clause in Contracts

Death and Disability. Executive’s employment shall terminate automatically upon the Executive’s death and may be terminated by the Company following the Executive’s Disability. For purposes of this Agreement, “Disability” shall mean any physical or mental ailment or incapacity, as determined in good faith by a licensed physician designated by the Company, which (i) constitutes a long-term disability under the Company’s long-term disability policies or (ii) which is expected to be permanent.

Appears in 6 contracts

Samples: Employment Agreement (Worldspan L P), Employment Agreement (Ws Financing Corp), Employment Agreement (Worldspan L P)

Death and Disability. Executive’s employment under this Agreement shall terminate automatically upon the Executive’s death during the Term, and may be terminated by the Company following the may terminate Executive’s employment on account of Executive’s Disability. For purposes If Executive’s employment is terminated on account of this Agreementdeath or Disability, “Disability” shall mean any physical or mental ailment or incapacityExecutive or, as determined in good faith by a licensed physician designated by applicable, Executive’s estate, legal representatives or designee shall be entitled to receive the Company, which (i) constitutes a long-term disability under the Company’s long-term disability policies or (ii) which is expected to be permanentAccrued Amounts.

Appears in 6 contracts

Samples: Executive Employment Agreement (Energy & Exploration Partners, Inc.), Executive Employment Agreement (Energy & Exploration Partners, Inc.), Executive Employment Agreement (Energy & Exploration Partners, Inc.)

Death and Disability. Executive’s employment shall will automatically terminate automatically upon his death. Further, Company reserves the right to terminate Executive’s death and may be terminated by the Company following the Executive’s Disability. For purposes of this Agreement, employment at any time during which Executive has a “Disability” shall mean any physical or mental ailment or incapacity, as determined in good faith by a licensed physician designated by the Company, which (i) constitutes a long-term disability under the Company’s long-term disability policies or (ii) which is expected to be permanent.

Appears in 4 contracts

Samples: Executive Employment Agreement (Heckmann CORP), Executive Employment Agreement (Heckmann CORP), Executive Employment Agreement (Heckmann CORP)

Death and Disability. Executive’s employment shall terminate automatically upon the Executive’s death and death. The Company may be terminated by the Company following the terminate Executive’s Disability. For purposes of this Agreement, “Disability” shall mean any physical or mental ailment or incapacity, employment for Disability (as determined defined in good faith by a licensed physician designated by the Company, which (i) constitutes a long-term disability under the Company’s long-term disability policies or (ii) which is expected to be permanentAppendix II).

Appears in 3 contracts

Samples: Employment Agreement (Vista Outdoor Inc.), Employment Agreement (Alliant Techsystems Inc), Employment Agreement (Vista Outdoor Inc.)

Death and Disability. Executive’s 's employment shall terminate automatically upon the Executive’s 's death and may be terminated by the Company following the Executive’s 's Disability. For purposes of this Agreement, "Disability" shall mean any physical or mental ailment or incapacity, as determined in good faith by a licensed physician designated by the Company, which (i) constitutes a long-term disability under the Company’s 's long-term disability policies or (ii) which is expected to be permanent.

Appears in 2 contracts

Samples: Employment Agreement (Worldspan L P), Employment Agreement (Worldspan L P)

Death and Disability. Executive’s employment shall will automatically terminate automatically upon his death. Further, Company reserves the right to terminate Executive’s death and may be terminated by employment at any time during which Executive has a “Disability.” In the Company following the event of a termination of Executive’s employment due to death or Disability. For purposes of this Agreement, “Disability” shall mean any physical Company will pay to Executive or mental ailment or incapacityhis estate, as determined in good faith by applicable, a licensed physician designated by severance payment equal to his most recent twelve months’ salary, payable at the Company, which (i) constitutes a long-term disability under the Company’s long-term disability policies or (ii) which is expected to be permanentsame time as Company salary payments.

Appears in 2 contracts

Samples: Executive Employment Agreement (Heckmann CORP), Executive Employment Agreement (Heckmann CORP)

Death and Disability. The Executive’s employment hereunder shall automatically terminate automatically upon in the event of the Executive’s death and during employment. The Company may be terminated by terminate the Company following Executive’s employment, upon notice to the Executive, in the event of the Executive’s Disability. For purposes of this Agreement, “Disability” shall mean any physical or mental ailment or incapacity, as determined in good faith by a licensed physician designated by the Company, which (i) constitutes a long-term disability under the Company’s long-term disability policies or (ii) which is expected to be permanent.

Appears in 2 contracts

Samples: Employment Agreement (Beam Therapeutics Inc.), Employment Agreement (Beam Therapeutics Inc.)

Death and Disability. In the event of Executive’s death during the Term, this Agreement will terminate immediately. If, during the Term Executive shall suffer a “Disability” within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, the Company may terminate Executive’s employment. In the event Executive’s employment is terminated due to death or Disability, Executive (or his estate in case of death) shall terminate automatically upon be eligible to receive the Executive’s death unpaid base salary payment and may be terminated by Expenses as well as all outstanding and fully vested stock options until the Company following the Executive’s Disability. For purposes date of this Agreement, “Disability” shall mean any physical or mental ailment or incapacity, as determined in good faith by a licensed physician designated by the Company, which (i) constitutes a long-term disability under the Company’s long-term disability policies or (ii) which is expected to be permanentsuch termination.

Appears in 1 contract

Samples: Employment Agreement (Blink Charging Co.)

Death and Disability. Executive’s 's employment shall terminate automatically upon the Executive’s 's death and may be terminated by the Company following the Executive’s 's Disability. For purposes of this Agreement, "Disability" shall mean any physical or mental ailment or incapacity, as determined in good faith by a licensed physician designated by the Company, which which (i) constitutes a long-term disability under the Company’s 's long-term disability policies or (ii) which is expected to be permanent.

Appears in 1 contract

Samples: Employment Agreement (Worldspan L P)