Death or Total Disability of Employee. If the Employee dies, the Employee's employment shall automatically terminate. If the Employee becomes totally disabled during the term hereof, this Agreement may be terminated at the option of the Company. For purposes of this Agreement, the Employee shall be deemed totally disabled if the Employee becomes physically or mentally incapacitated or disabled or otherwise unable to discharge the Employee's duties for a period of one hundred twenty (120) consecutive calendar days or for one hundred fifty (150) calendar days (whether or not consecutive) in any one hundred eighty (180) calendar day period. Prior to termination of this Agreement as a result of disability, and notwithstanding any failure or inability of Employee to render services hereunder, the Company shall continue to pay and/or provide to the Employee all of the compensation and benefits provided for in this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (CBQ Inc), Employment Agreement (CBQ Inc)
Death or Total Disability of Employee. If the Employee dies, the Employee's employment shall automatically terminate. If the Employee becomes "totally disabled disabled" during the term hereof, this Agreement may be terminated at the option of the Company. For purposes of this Agreement, the Employee shall be deemed "totally disabled disabled" if the Employee becomes physically or mentally incapacitated or disabled or otherwise unable to discharge the Employee's duties for a period of one hundred twenty (120) consecutive calendar days or for one hundred fifty (150) calendar days (whether or not consecutive) in any one hundred eighty (180) calendar day period. Prior to termination of this Agreement as a result of disability, and notwithstanding any failure or inability of Employee to render services hereunder, the Company shall continue to pay and/or provide to the Employee all of the compensation and benefits provided for in this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (CBQ Inc), Employment Agreement (CBQ Inc)