Common use of Death or Disability; Termination without Cause; Resignation for Constructive Termination Clause in Contracts

Death or Disability; Termination without Cause; Resignation for Constructive Termination. If Executive’s employment with the Company and its Subsidiaries is terminated (w) by the Company or any of its Subsidiaries as a result of the Disability of Executive, (x) due to the death of Executive, (y) by the Company without Cause or (z) by Executive as a result of a Constructive Termination, the purchase price per Unit will be the Fair Market Value thereof (measured as of the Valuation Date);

Appears in 4 contracts

Samples: Management Unit Subscription Agreement, Management Unit Subscription Agreement (Apria Healthcare Group Inc), Management Unit Subscription Agreement (Ahny-Iv LLC)

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Death or Disability; Termination without Cause; Resignation for Constructive Termination. If Executive’s employment with the Company and its Subsidiaries is terminated (w) by the Company or any of its Subsidiaries as a result of the Disability of Executive, (x) due to the death of Executive, (y) by the Company without Cause Cause, or (z) by Executive as a result of a Constructive Termination, the purchase price per Unit will be the Fair Market Value thereof (measured as of the Valuation Date);

Appears in 1 contract

Samples: Management Unit Subscription Agreement (Apria Healthcare Group Inc)

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