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Common use of Death, Disability or Retirement Clause in Contracts

Death, Disability or Retirement. Subject to the provisions of Section 1 hereof, this Agreement shall terminate automatically upon the Executive's death, termination due to "Disability" (as defined below) or voluntary retirement under any of the retirement plans of the Company or JHFS (or, if applicable, an Affiliates) has in effect from time to time. For purposes of this Agreement, Disability shall mean the Executive has met the conditions to qualify for long-term disability benefits under the long term disability plan or policy the Company or JHFS (or, if applicable, an Affiliate), has in effect immediately prior to the Effective Date.

Appears in 17 contracts

Samples: Employment Continuation Agreement (Hancock John Financial Services Inc), Employment Continuation Agreement (Hancock John Financial Services Inc), Employment Continuation Agreement (Hancock John Financial Services Inc)

Death, Disability or Retirement. Subject to the provisions of Section 1 hereof, this Agreement shall terminate automatically upon the Executive's death, termination due to "Disability" (as defined below) or voluntary retirement under any of the retirement plans of the Company or JHFS (or, if applicable, an AffiliatesAffiliate) has in effect from time to time. For purposes of this Agreement, Disability shall mean the Executive has met the conditions to qualify for long-term disability benefits under the long term disability plan or policy the Company or JHFS (or, if applicable, an Affiliate), has in effect immediately prior to the Effective Date.

Appears in 3 contracts

Samples: Employment Continuation Agreement (Hancock John Financial Services Inc), Employment Continuation Agreement (Hancock John Financial Services Inc), Employment Continuation Agreement (Hancock John Financial Services Inc)