Death or Disability of Consultant. For the purposes of this Agreement, --------------------------------- disability shall mean the absence of Consultant performing Consultant's duties with the Company on a full-time basis for a period of six (6) consecutive months as a result of incapacity due to mental or physical illness which is determined to be total and permanent by a physician selected by the Company or its insurers and acceptable to Consultant or Consultants legal representative (such agreement as to acceptability not to be withheld unreasonably). If Consultant shall become disabled, Consultant's employment may be terminated by written notice from the Company to Consultant.
Death or Disability of Consultant. If the Consultant dies during the term of this Agreement, the Company shall pay to the Consultant's estate any unpaid Base Compensation, any bonus or portion thereof granted by the Board of Directors and earned by the Consultant but remaining unpaid, and any unpaid expense reimbursement due hereunder, in each case as of the date of the Consultant's death. In the event that the Consultant becomes physically or mentally disabled during the term of this Agreement, the Consultant shall be entitled to receive any unpaid Base Compensation accrued through the date that this Agreement is terminated by either party as the result of such disability and any bonus or portion thereof granted by the Board of Directors and earned by the Consultant but remaining unpaid on the date of termination plus any unpaid expense reimbursement.
Death or Disability of Consultant. Upon the death of the Consultant while the Consultant is maintaining a Business Relationship with the Company, vesting of unvested Options shall immediately cease. In such event, this Option may be exercised by the Optionee only as to any Options that are vested on the date of the Consultant’s death, and this Option may be exercised by the Optionee only on or prior to the Expiration Date. If the Consultant ceases to maintain a Business Relationship with the Company by reason of his or her disability, vesting of Options shall immediately cease; this Option may be exercised by the Optionee only as to any Options that are Vested on the date of termination of the Business Relationship; and this Option may be exercised only on or prior to the Expiration Date. For purposes hereof, “disability” means “permanent and total disability” as defined in Section 22(e)(3) of the Code.
Death or Disability of Consultant. Notwithstanding anything contained herein to the contrary, in the event the Consultant shall die or become disabled, such that he cannot perform his services as set forth in this Agreement for the remainder of the term of this Agreement after such death or disability, the Company shall continue to make all payments provided for under the Asset Purchase Agreement and shall not be entitled to any reduction in such payments as a result of Consultant not being able to complete the term of this Agreement.
Death or Disability of Consultant. Upon either the death or disability (as defined herein) of the Consultant, the sums remaining to be paid under Section 5.1 of this Agreement shall become immediately due and payable to the Consultant or the estate of the Consultant, as the case may be.
Death or Disability of Consultant. In the event Consultant dies prior to December 11, 1999, a lump sum shall be paid to the person designated by Consultant, in an amount equal to $800,016 minus the amount previously paid to Consultant under this Agreement. In the event the Consultant becomes permanently and totally disabled, prior to December 11, 1999, Consultant shall be paid a lump sum in an amount equal to $800,016 minus the amount previously paid to Consultant under this Agreement. Any payments paid under this Section 6, shall be in addition to any payments paid to Consultant.
Death or Disability of Consultant. If Consultant dies prior to the end of the Consulting Period or is unable to perform the services requested of him hereunder due to physical or mental disabilities, as determined by a doctor mutually acceptable to the Corporation and Consultant, the Corporation shall have no further obligation to Consultant hereunder.
Death or Disability of Consultant. The parties acknowledge that Consultant would not have entered into this Agreement but for the expectation that Consultant or his estate would be paid all amounts required to be paid hereunder. In lieu of the Company purchasing life insurance on the life of Consultant payable to Consultant's estate, and in lieu of the Company purchasing disability insurance covering Consultant, the Company agrees to pay all amounts due hereunder: (i) in the event of disability, to Consultant, when and as such amounts become due; or (ii) in the event Consultant becomes deceased during the Term, to Consultant's estate when and as such amounts become due.
Death or Disability of Consultant. 10. If, prior to the end of the term of this Agreement, Consultant dies or becomes disabled or otherwise unable to perform Consulting Services hereunder for health reasons, this Agreement shall terminate. Notwithstanding this provision, Company agrees to pay Consultant the amount agreed upon for 2007 as provided in Paragraph 4 hereof.
Death or Disability of Consultant. Upon the death or disability of Consultant at any time during the Consulting Term, Bancshares shall continue to make all payments of the consulting fees due hereunder to the Consultant or the Consultant’s estate which shall include, without limitation, the Consultant’s executor, administrator or similar personal representative.
