Death or Permanent Disablement Sample Clauses

Death or Permanent Disablement. We will indemnify You to cover the monthly loan installment amount due and payable under your Mortgage Loan Agreement as a consequence of Accidental Death or Permanent Disablement (occurring within twelve (12) calendar months from the date of Accident) up to a maximum of six (6) monthly installments or the remaining loan balance or the maximum indemnity limit based on the Plan selected, whichever the lowest. Any payment made under this section shall reduce the Sum Insured by that amount from the date of Accident until the expiry of the Period of Insurance. In the event of a total of one hundred per cent (100%) of the Sum Insured having been paid during the Period of Insurance, all coverage hereunder shall immediately cease to be in force. Benefits above are subject to the following:
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Death or Permanent Disablement. We will indemnify You to cover the monthly loan installment amount due and payable under your Mortgage Loan Agreement as a consequence of Accidental Death or Permanent Disablement (occurring within twelve (12) calendar months from the date of Accident) up to a maximum of six (6) monthly installments or the remaining loan balance or the maximum indemnity limit based on the Plan selected, whichever the lowest. Any payment made under this section shall reduce the yearly Sum Insured by that amount from the date of Accident until the expiry of the Policy Year. The yearly Sum Insured will apply in full again upon commencement of the subsequent Policy Year. In the event a total of one hundred per cent (100%) of the yearly Sum Insured is paid during a Policy Year, all coverage under this benefit shall immediately cease to be in force for the same Policy Year. Benefits above are subject to the following:
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Death or Permanent Disablement. We will indemnify You to cover the monthly loan installment amount due and payable under your Mortgage Loan Agreement as a consequence of Accidental Death or Total Permanent Disablement up to a maximum of six (6) monthly installments or the remaining loan balance or the maximum indemnity limit based on the Plan selected, whichever the lowest. Any payment made under this section shall reduce the Sum Insured by that amount from the date of Accident until the expiry of the Period of is acquired from Partner Website as stated in the Schedule for the following categories: • Air conditioning; • Plumbing; • Electrical wiring; • Painting; • Roofing; and • Locksmith. This benefit shall cease upon one (1) valid claim made. You agree that the chosen service provider for any of the services or repair works mentioned above is entirely at Your discretion and We shall not be responsible for any loss or damage caused by the service provider in carrying out services or repair works mentioned above.
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Related to Death or Permanent Disablement

  • Death or Disability The Executive's employment shall terminate automatically upon the Executive's death during the Employment Period. If the Company determines in good faith that the Disability of the Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to the Executive written notice in accordance with Section 12(b) of this Agreement of its intention to terminate the Executive's employment. In such event, the Executive's employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Executive (the "Disability Effective Date"), provided that, within the 30 days after such receipt, the Executive shall not have returned to full-time performance of the Executive's duties. For purposes of this Agreement, "Disability" shall mean the absence of the Executive from the Executive's duties with the Company on a full-time basis for 180 consecutive business days 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 the Executive or the Executive's legal representative.

  • Death The Executive’s employment hereunder shall terminate upon his death.

  • Disability If, as a result of the Executive's incapacity due to physical or mental illness, the Executive shall have been absent from his duties with the Company on a full-time basis for six months and within 30 days after written notice of termination is thereafter given by the Company the Executive shall not have returned to the full-time performance of the Executive's duties, the Company may terminate this Agreement for "Disability."

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