Death and Permanent Incapacity Sample Clauses

Death and Permanent Incapacity. Upon the death of Employee or the ------------------------------ permanent incapacity of Employee continuing for a period of more than 180 days, Employee's employment by Employer hereunder shall terminate. Upon any such termination, Employer shall pay Employee (or his estate) his base salary pursuant to Section 3(a) hereof and shall provide Employee (or his estate or beneficiaries) with all the benefits contemplated by Section 4(a) hereof for a period of one year from the date of termination of Employee's employment pursuant to this Section 5(a). In addition, upon any such termination, Employer shall pay Employee or his estate, (i) any base salary pursuant to Section 3(a) hereof which is earned but unpaid as of the date of termination, (ii) any compensation owed to Employee pursuant to the Profit Sharing Plan pursuant to Section 3(b) hereof as provided therein and (iii) any reimbursement amounts owed to Employee and any other amounts owed to Employee under any benefit plan (including amounts under any disability plan) in respect of service through the date of termination. As used herein, the term permanent incapacity means the inability of Employee, by reason of injury, illness or other similar cause to perform a major part of his duties and responsibilities in connection with the conduct of the business and affairs of Employer and its Affiliates.
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Death and Permanent Incapacity. Upon the death of Employee or the ------------------------------ permanent incapacity of Employee continuing for a period of more than 180 days, Employee's employment by Employer hereunder shall terminate. Upon any such termination, Employer shall pay Employee (or his estate or beneficiaries) with all the benefits contemplated by Section 4(a) hereof for a period of one year from the date of termination of Employee's employment pursuant to this Section 5(a). In addition, upon any such termination, Employer shall pay Employee or his estate, (i) any base salary pursuant to Section 3(a) hereof which is earned but unpaid as of the date of termination, (ii) any compensation owed to Employee pursuant to the Profit Sharing Plan pursuant to Section 3(b) hereof as provided therein and (iii) any reimbursement amounts owed to Employee and any other amounts owed to Employee under any benefit plan (including amounts under any disability plan) in respect of service through the date of termination. As used herein, the term permanent incapacity means the inability of Employee, by reason of injury, illness of other similar cause to perform a major part of his duties and responsibilities in connection with the conduct of the business and affairs of Employer and its Affiliates.
Sample 1

Related to Death and Permanent Incapacity

  • Death or Permanent Disability If Grantee shall die or become permanently disabled while employed by the Company or one of its affiliates, this Option shall expire one (1) year after the date of such death or permanent disability. During such period after death, Grantee's legal representative or representatives, or the person or persons entitled to do so under Grantee's last will and testament or under applicable interstate laws, shall have the right to exercise this Option as to only the number of shares to which Grantee was entitled to purchase on the date of his/her death.

  • Incapacity If a Limited Partner is subject to Incapacity, the executor, administrator, trustee, committee, guardian, conservator or receiver of such Limited Partner’s estate shall have all the rights of a Limited Partner, but not more rights than those enjoyed by other Limited Partners, for the purpose of settling or managing the estate, and such power as the Incapacitated Limited Partner possessed to Transfer all or any part of its interest in the Partnership. The Incapacity of a Limited Partner, in and of itself, shall not dissolve or terminate the Partnership.

  • Termination Upon Death or Permanent Disability This Agreement shall be automatically terminated on the death of Executive or on the permanent disability of Executive if Executive is no longer able to perform in all material respects the usual and customary duties of Executive’s employment hereunder. For purposes hereof, any condition which in reasonable likelihood is expected to impair Executive’s ability to materially perform Executive’s duties hereunder for a period of three months or more shall be considered to be permanent.

  • Permanent Layoff The calculation in determining the six (6) month duration of eligibility for an Employer contribution begins on the date the employee is permanently laid off or accepts an appointment in lieu of layoff without a break in service with a lesser employer- paid insurance contribution than the employee was receiving in the appointment from which the layoff occurred and is no longer actively employed in the appointment from which the layoff occurred.

  • Permanent Status ‌ An employee will attain permanent status in a job classification upon their successful completion of a probationary, trial service or transition review period.

  • Permanent Disability Permanent Disability" shall mean Employee's physical or mental incapacity to perform his or her usual duties with such condition likely to remain continuously and permanently as determined by Employer.

  • Death or Total Disability In the event of the death of the Executive during the Term, this Agreement shall terminate as of the date of the Executive's death. In the event of the Total Disability (as that term is defined below) of the Executive for sixty (60) days in the aggregate during any consecutive nine (9) month period during the Term, the Company shall have the right to terminate this Agreement by giving the Executive thirty (30) days' prior written notice thereof, and upon the expiration of such thirty (30) day period, the Executive's employment under this Agreement shall terminate. If the Executive shall resume his duties within thirty (30) days after receipt of such a notice of termination and continue to perform such duties for four (4) consecutive weeks thereafter, this Agreement shall continue in full force and effect, without any reduction in Base Salary and other benefits, and the notice of termination shall be considered null and void and of no effect. Upon termination of this Agreement under this Paragraph 7(a), the Company shall have no further obligations or liabilities under this Agreement, except to pay to the Executive's estate or the Executive, as the case may be, (i) the portion, if any, that remains unpaid of the Base Salary for the Year in which termination occurred, but in no event less than six (6) months' Base Salary; and (ii) the amount of any expenses reimbursable in accordance with Paragraph 4 above, and any automobile allowance due under Paragraph 5 above; and (iii) any amounts due under any Company benefit, welfare or pension plan. Except as otherwise provided by their terms, any stock options not vested at the time of the termination of this Agreement under this Paragraph 7(a) shall immediately become fully vested.

  • Permanent Vacancies All vacancies or newly-created positions within the bargaining unit shall be posted within seven (7) working days of the date the vacancy occurs in a conspicuous place on bulletin boards in each building. The job posting will set forth the requirements for the position. Employees within the job division in which the vacancy exists may apply for it. The senior employee within the job division in which the vacancy exists applying for the position who meets all of the requirements shall be granted the position. In the event the senior applicant is denied the promotion, the reason for denial shall be given in writing to the employee. If the vacancy is not filled from within the division, then the vacancy shall be reposted for a period of seven (7) working days. Full time and full time school year employees from other divisions interested in the job posting may file a written application with the Employer by the deadline established in the posting. The senior full time or full time school year employee applying for the position who meets all the requirements according to the job description and shall be granted the position. In the event the senior applicant is denied the promotion, the reason for denial shall be given in writing to the employee. If the vacancy is not filled by a full time or full time school year employee, then the vacancy shall be reposted for a period of seven (7) working days. The Employer shall given due consideration to all applicants for the permanent vacancy. In considering an applicant’s qualifications to perform the required work, the Employer shall consider the employee’s ability, experience, training, work record, skills and dependability. The applicant considered by the Employer to be the best qualified shall be awarded the permanent vacancy; provided, however, that if the Employer determines that the qualifications of the applicants are relatively equal, the applicant with the greatest seniority shall be awarded the position. The Employer reserves the right to determine that none of the applicants are qualified and leave the position open or to seek further applicants.

  • Death or Complete Disability If the Executive’s employment with the Company is terminated as a result of Executive’s death or Complete Disability, the Company shall pay to Executive, and/or Executive’s heirs, the Executive’s Base Salary and accrued and unused vacation benefits earned through the date of termination at the rate in effect at the time of termination, less standard deductions and withholdings, and the Company shall thereafter have no further obligations to the Executive and/or Executive’s heirs under this Agreement.

  • Death The Executive’s employment hereunder shall terminate upon his death.

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