Common use of Death or Disability of Executive Clause in Contracts

Death or Disability of Executive. (i) If Executive's employment is terminated by reason of Executive's death or disability, this Agreement shall terminate without further obligations to Executive (or Executive's heirs or legal representatives) under this Agreement, other than for: (1) Payment of any Accrued Obligations, which shall be paid to Executive or Executive's estate or beneficiary, as applicable, in a lump sum, subject to statutory deductions and withholdings, in cash within ten (10) business days after the date of termination or any earlier time required by applicable law. (2) Payment to Executive or Executive's estate or beneficiary, as applicable, of any amount accrued pursuant to the terms of any other applicable benefit plan. (ii) If Executive shall become disabled, Executive's employment may be terminated only by written notice from the Company to Executive. (iii) For the purposes of this Agreement, "disability" or "disabled" shall mean a mental or physical incapacity which prevents Executive from performing Executive's duties with the Company for a period of three hundred sixty (360) consecutive calendar days, as certified by a physician selected by the Company or its insurers.

Death or Disability of Executive. (i) If Executive's ’s employment is terminated by reason of Executive's ’s death or disability, this Agreement shall terminate without further obligations to Executive (or Executive's ’s heirs or legal representatives) under this Agreement, other than for: (1) Payment of any Accrued Obligations, which shall be paid to Executive or Executive's ’s estate or beneficiary, as applicable, in a lump sum, subject to statutory deductions and withholdings, in cash within ten (10) business days after the date of termination or any earlier time required by applicable law. (2) Payment to Executive or Executive's ’s estate or beneficiary, as applicable, of any amount accrued pursuant to the terms of any other applicable benefit plan. (ii) If Executive shall become disabled, Executive's ’s employment may be terminated only by written notice from the Company to Executive. (iii) For the purposes of this Agreement, "“disability" ” or "“disabled" ” shall mean a mental or physical incapacity which prevents Executive from performing Executive's ’s duties with the Company for a period of three hundred sixty (360) consecutive calendar days, as certified by a physician selected by the Company or its insurers.

Death or Disability of Executive. (i) If Executive's ’s employment is terminated by reason of Executive's ’s death or disability, this Agreement shall terminate without further obligations to Executive (or Executive's ’s heirs or legal representatives) under this Agreement, other than for: (1) Payment of any Accrued Obligations, which shall be paid to Executive or Executive's ’s estate or beneficiary, as applicable, in a lump sum, subject to statutory deductions and withholdings, in cash within ten (10) business days after the date of termination or any earlier time required by applicable law. (2) Payment to Executive or Executive's ’s estate or beneficiary, as applicable, of any amount accrued pursuant to the terms of any other applicable benefit plan. (ii) If Executive shall become disabled, Executive's ’s employment may be terminated only by written notice from the Company to Executive. (iii) For the purposes of this Agreement, "“disability" ” or "“disabled" ” shall mean a mental or physical incapacity which prevents Executive from performing Executive's ’s duties with the Company for a period of three hundred sixty (360) consecutive calendar days, as certified by a physician selected by the Company or its insurers. The selection of the physician by the Company or its insurers will be subject to Executive’s approval, which approval shall not be unreasonably withheld.