Death and Disability. Executive’s employment shall terminate in the event of his death, and either Executive or the Company may terminate Executive’s employment in the event of his Disability (provided that no termination of Executive’s employment hereunder for Disability shall be effective unless the party terminating Executive’s employment first gives at least fifteen (15) days’ written notice of such termination to the other party). In the event that Executive’s employment hereunder is terminated due to his death or Disability, the Term shall expire on the Termination Date and he and/or his estate or beneficiaries (as the case may be) shall be entitled to the Accrued Obligations.
Appears in 9 contracts
Samples: Executive Employment Agreement (Enterprise Financial Services Corp), Executive Employment Agreement (Enterprise Financial Services Corp), Executive Employment Agreement (Aralez Pharmaceuticals Inc.)
Death and Disability. Executive’s employment shall terminate in the event of his death, and either Executive or the Company may terminate Executive’s employment in the event of his Disability (provided that no termination of Executive’s employment hereunder for Disability shall be effective unless the party terminating Executive’s employment first gives at least fifteen (15) 15 days’ written notice of such termination to the other party). In the event that Executive’s employment hereunder is terminated due to his death or Disability, the Term shall expire on the Termination Date and he and/or his estate or beneficiaries (as the case may be) shall be entitled to the Accrued Obligations.)
Appears in 4 contracts
Samples: Executive Employment Agreement (Inspire Pharmaceuticals Inc), Executive Employment Agreement (Inspire Pharmaceuticals Inc), Executive Employment Agreement (Inspire Pharmaceuticals Inc)
Death and Disability. Executive’s employment shall terminate in the event of his death, and either Executive or the Company may terminate Executive’s employment in the event of his Disability (provided that no termination of Executive’s employment hereunder for Disability shall be effective unless the party terminating Executive’s employment first gives at least fifteen (15) days’ written notice of such termination to the other party). In the event that Executive’s employment hereunder is terminated due to his death or Disability, the Term shall expire on the Termination Date and he and/or his estate or beneficiaries (as the case may be) shall be entitled to the Accrued Obligationsbenefits described in Section 5.2.
Appears in 4 contracts
Samples: Executive Employment Agreement (Pozen Inc /Nc), Executive Employment Agreement (Pozen Inc /Nc), Executive Employment Agreement (Pozen Inc /Nc)
Death and Disability. Executive’s employment shall terminate in the event of his her death, and either Executive or the Company may terminate Executive’s employment in the event of his her Disability (provided that no termination of Executive’s employment hereunder for Disability shall be effective unless the party terminating Executive’s employment first gives at least fifteen (15) days’ written notice of such termination to the other party). In the event that Executive’s employment hereunder is terminated due to his her death or Disability, the Term shall expire on the Termination Date and he she and/or his her estate or beneficiaries (as the case may be) shall be entitled to the Accrued Obligations.
Appears in 2 contracts
Samples: Executive Employment Agreement (Enterprise Financial Services Corp), Executive Employment Agreement (Pozen Inc /Nc)
