Death or Permanent Disability of Employee. Employee’s employment hereunder shall terminate upon Employee’s death. In addition, the Employer shall have the right to terminate Employee’s employment during the Employment Period upon 15 days’ written notice if and when Employee, by reason of injury, illness or similar cause (as determined by a licensed physician selected by Employee and approved by the Employer) is unable to, and has failed to, perform his duties for 120 days within a period of 180 consecutive days.
Death or Permanent Disability of Employee. The Company may, at its option, terminate Employee’s employment for Permanent Disability (as herein defined). In the event of termination for death or disability, Employee or his designated beneficiary shall be entitled to termination benefits pursuant to Section 5(d) hereof.
Death or Permanent Disability of Employee. This Agreement and the Employee’s employment with the Company shall terminate upon the Employee’s death. In addition, the Company shall have the right to terminate this Agreement and the Employee’s employment hereunder if the Company determines in good faith that the Disability of Employee, as defined below, has occurred during the Employment Period. In the event of the Disability of the Employee, the Employee’s employment hereunder shall terminate effective on the 30th day after the Employee’s receipt of written notice from the Company notifying the Employee of the Company’s intention to terminate this Agreement and the Employee’s employment hereunder on account of such Disability; provided that, within the 30-day period after such receipt, the Employee shall not have returned to full-time performance of the Employee’s duties and responsibilities. For purposes of this Agreement, “Disability” shall mean the inability of the Employee to perform one or more of the primary duties of the Chief Executive Officer or other comparable position as a result of incapacity of the Employee, despite any reasonable accommodation required by law, due to bodily injury or disease or any other mental or physical illness, which inability continues for a period of thirty (30) days within any six month period.
Death or Permanent Disability of Employee. In the event of the death or permanent disability of Employee (which renders him unable to satisfactorily perform his employment with Employer) during the period of employment under this Agreement, an amount equal to twelve months salary payable hereunder shall be paid to Employee, Employee's surviving spouse, or if there is no spouse surviving, then to Employee's estate. Thereafter Employer's obligations hereunder shall cease and terminate.
Death or Permanent Disability of Employee. In the event that on or prior to the Expiration Date, the Participant dies or becomes totally and permanently disabled while serving the Company as a director or officer, this option, to the extent then exercisable but unexercised, may be exercised by the Participant for a period of six (6) months after the death or disability of the Participant, notwithstanding the Expiration Date. The Board of Directors shall be entitled to determine if and when a Participant has become permanently disabled. For the purposes of this provision only, reference to the Participant in this Agreement shall be construed as including the executors or personal representatives of a deceased Participant. In the event that this option is not exercised within the period of six (6) months set out above, this option shall expire.
Death or Permanent Disability of Employee. Employee’s employment hereunder and the Employment Term shall terminate upon Employee’s death. In addition, the Employer shall have the right to terminate Employee’s employment hereunder and the Employment Term upon 15 days’ written notice if and when Employee becomes permanently disabled within the meaning of any permanent disability insurance policy which may be maintained by the Employer for the benefit of Employee and under which the Employee is entitled to benefits under Section 3 (provided that any such termination shall not occur prior to the Employee being absent from performance of his material duties for at least four (4) consecutive months as a result of such disability; and further provided, however, that if Employer does not maintain such a permanent disability insurance policy for the benefit of Employee, Employee shall be deemed permanently disabled if Employee, by reason of injury, illness or similar cause was unable to perform his material duties for a period of 120 consecutive days or 150 days in any 360-day period.
Death or Permanent Disability of Employee. Employee's employment hereunder and the Employment Term shall terminate upon Employee's death. In addition, the Employer shall have the right to terminate Employee's employment hereunder and the Employment Term upon 15 days' written notice if and when Employee becomes permanently disabled within the meaning of any permanent disability insurance policy which may be maintained by the Employer for the benefit of Employee and under which the Employee is entitled to benefits under Section 3; provided, however, that if Employer does not maintain such a permanent disability insurance policy for the benefit of Employee, Employee shall be deemed permanently disabled if Employee, by reason of injury, illness or similar cause was unable to perform his duties for a period of 90 consecutive days or 120 days in any 360-day period.
Death or Permanent Disability of Employee. (iv) Actual fraud or other material acts of dishonesty in conducting the Company's business or in the fulfillment by Employee of his assigned responsibilities; the destruction of any material amount of the Company's property willfully or through Employee's gross neglect; or the unauthorized disclosure of any information constituting Confidential Information which disclosure has a material adverse impact on the financial condition of the Company, or a Trade Secret, but not including general statements regarding the Company and its business which do not include Trade Secrets or Confidential Information, to any person, business or entity in violation of Section 7; or
Death or Permanent Disability of Employee. Upon Employee's death or upon notice of Employee's permanent disability during the term hereof, this Agreement shall terminate, and Employee or his legal or personal representative, as the case may be, shall receive within 30 days after the Termination Date a lump sum cash payment equal to the Accrued Compensation and the Pro Rata Bonus. No further compensation or employee benefits shall be due and payable to Employee under this Agreement, from and after said date; provided, however, Employee shall be entitled to receive life insurance and/or disability benefits and/or vested retirement or other benefits made available to him by Employer outside the terms of this Agreement, including the Stock Option Agreement to be entered into pursuant to Article XIV hereof. For purposes of this Agreement, Employee shall be deemed "permanently disabled" by bodily or mental illness, disease or injury, to the extent that, in the reasonable judgment of Employers' boards of directors he is prevented from performing the material and substantial duties of his Employment and such disability has continued substantially for six months. If requested by Employer, Employee shall submit to an examination by a physician mutually acceptable to Employer and Employee for the purpose of determining or confirming the existence or extent of any disability.
Death or Permanent Disability of Employee. If the Employee dies or becomes permanently disabled while the Employee is employed by the Company or one of its subsidiary corporations (as defined in Section 425(f) of the Code), the Option shall expire one year after the date of such death or permanent disability unless by its terms it expires sooner. During such period after death, such Option may, to the extent that it remained unexercised (but exercisable by the Employee according to the
