Death, Retirement or Disability. Executive's employment shall terminate automatically upon Executive's death or Retirement during the Employment Period. For purposes of this Agreement, "Retirement" shall mean normal retirement as defined in the Company's then-current retirement plan, or there is no such retirement plan, "Retirement" shall mean voluntary termination after age 65 with ten years of service. If the Company determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to Executive written notice in accordance with Section 15(f) of this Agreement of its intention to terminate Executive's employment. In such event, Executive's employment with the Company shall terminate effective on the 30th day after receipt of such written notice by Executive (the "Disability Effective Date"), provided that, within the 30 days after such receipt, Executive shall not have returned to full-time performance of Executive's duties. For purposes of this Agreement, "Disability" shall mean a mental or physical disability as determined by the Board of Directors of the Company in accordance with standards and procedures similar to those under the Company's employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, Disability shall mean the inability of Executive, as determined by the Board, to perform the essential functions of his regular duties and responsibilities (with or without reasonable accommodation) due to a medically determinable physical or mental illness which has lasted (or can reasonably be expected to last) for a period of six consecutive months.
Appears in 5 contracts
Samples: Employment Agreement (PSS World Medical Inc), Employment Agreement (PSS World Medical Inc), Employment Agreement (PSS World Medical Inc)
Death, Retirement or Disability. Executive's ’s employment and the Employment Period shall terminate automatically upon Executive's ’s death or Retirement during the Employment PeriodRetirement. For purposes of this Agreement, "“Retirement" ” shall mean normal retirement as defined in under the Company's ’s then-current retirement plan, or if there is no such retirement plan, "“Retirement" ” shall mean voluntary termination resignation after age 65 with at least ten years of service. If the Company Committee determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth belowin this § 7(a)), it the Company may give to Executive written notice in accordance with Section 15(f) of this Agreement of its intention to terminate Executive's ’s employment. In such event, Executive's ’s employment with the Company shall terminate effective on the 30th day after receipt of such written notice by Executive (the "“Disability Effective Date"”), provided that, within the 30 thirty (30) days after such receipt, Executive shall not have returned to full-time performance of Executive's ’s duties. For purposes of this Agreement, "“Disability" shall mean a mental or physical disability as determined by the Board of Directors of the Company in accordance with standards and procedures similar to those under the Company's employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, Disability ” shall mean the inability of Executive, as determined by the BoardCommittee, to substantially perform the essential functions of his his/her regular duties and responsibilities (with or without reasonable accommodation) , due to a medically determinable physical or mental illness or other disability which has lasted (or can reasonably be expected to last) for a substantially continuous period of at least six consecutive months.
Appears in 5 contracts
Samples: Employment Agreement (Global Payments Inc), Employment Agreement (Global Payments Inc), Employment Agreement (Global Payments Inc)
Death, Retirement or Disability. Executive's ’s employment and the Employment Period shall terminate automatically upon Executive's ’s death or Retirement during the Employment PeriodRetirement. For purposes of this Agreement, "“Retirement" ” shall mean normal retirement as defined in the Company's thenExecutive’s voluntary resignation of employment on or after attaining age fifty-current retirement plan, or there is no such retirement plan, "Retirement" shall mean voluntary termination after age 65 five (55) with at least ten (10) years of service. If the Company Committee determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth belowin this § 7(a)), it the Company may give to Executive written notice in accordance with Section 15(f) of this Agreement of its intention to terminate Executive's ’s employment. In such event, Executive's ’s employment with the Company shall terminate effective on the 30th thirtieth (30th) day after receipt of such written notice by Executive (the "“Disability Effective Date"”), provided that, within the 30 thirty (30) days after such receipt, Executive shall not have returned to full-time performance of Executive's ’s duties. For purposes of this Agreement, "“Disability" shall mean a mental or physical disability as determined by the Board of Directors of the Company in accordance with standards and procedures similar to those under the Company's employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, Disability ” shall mean the inability of Executive, as determined by the BoardCommittee, to substantially perform the essential functions of his regular duties and responsibilities (with or without reasonable accommodation) , due to a medically determinable physical or mental illness or other disability which has lasted (or can reasonably be expected to last) for a substantially continuous period of at least six (6) consecutive months.
Appears in 5 contracts
Samples: Employment Agreement (Global Payments Inc), Employment Agreement (Global Payments Inc), Employment Agreement (Global Payments Inc)
Death, Retirement or Disability. Executive's ’s employment shall terminate automatically upon Executive's ’s death or Retirement during the Employment Period. For purposes of this Agreement, "“Retirement" ” shall mean normal retirement as defined in the Company's ’s then-current retirement plan, or there is no such retirement plan, "“Retirement" ” shall mean voluntary termination after age 65 with ten years of service. If the Company determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to Executive written notice in accordance with Section 15(f) of this Agreement of its intention to terminate Executive's ’s employment. In such event, Executive's ’s employment with the Company shall terminate effective on the 30th day after receipt of such written notice by Executive (the "“Disability Effective Date"”), provided that, within the 30 days after such receipt, Executive shall not have returned to full-time performance of Executive's ’s duties. For purposes of this Agreement, "“Disability" ” shall mean a mental or physical disability as determined by the Board of Directors of the Company in accordance with standards and procedures similar to those under the Company's ’s employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, Disability shall mean the inability of Executive, as determined by the Board, to perform the essential functions of his regular duties and responsibilities (with or without reasonable accommodation) due to a medically determinable physical or mental illness which has lasted (or can reasonably be expected to last) for a period of six consecutive months.
Appears in 4 contracts
Samples: Employment Agreement (PSS World Medical Inc), Employment Agreement (PSS World Medical Inc), Employment Agreement (PSS World Medical Inc)
Death, Retirement or Disability. Executive's employment shall terminate automatically upon Executive's death or Retirement during the Employment Period. For purposes of this Agreement, "Retirement" shall mean normal retirement as defined in the Company's then-current retirement plan, or if there is no such retirement plan, "Retirement" shall mean voluntary termination after age 65 with ten 10 or more years of service. If the Company determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to Executive written notice in accordance with Section 15(f) of this Agreement of its intention to terminate Executive's employment. In such event, Executive's employment with the Company shall terminate effective on the 30th day after receipt of such written notice by Executive (the "Disability Effective Date"), provided that, within the 30 days after such receipt, Executive shall not have returned to full-time performance of Executive's duties. For purposes of this Agreement, "Disability" shall mean the absence of Executive from Executive's duties with the Company on a full-time basis for 180 consecutive days as a result of incapacity due to mental or physical disability as illness which is determined to be total and permanent by a physician selected by the Board of Directors of the Company in accordance with standards or its insurers and procedures similar acceptable to those under the CompanyExecutive or Executive's employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, Disability shall mean the inability of Executive, as determined by the Board, to perform the essential functions of his regular duties and responsibilities (with or without reasonable accommodation) due to a medically determinable physical or mental illness which has lasted (or can reasonably be expected to last) for a period of six consecutive monthslegal representative.
Appears in 2 contracts
Samples: Employment Agreement (Irt Property Co), Employment Agreement (Irt Property Co)
Death, Retirement or Disability. Executive's ’s employment and the Employment Period shall terminate automatically upon Executive's ’s death or Retirement during the Employment PeriodRetirement. For purposes of this Agreement, "“Retirement" ” shall mean normal retirement as defined in the Company's thenExecutive’s voluntary resignation of employment on or after attaining age fifty-current retirement plan, or there is no such retirement plan, "Retirement" shall mean voluntary termination after age 65 five (55) with at least ten (10) years of service. If the Company Committee determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth belowin this § 7(a)), it the Company may give to Executive written notice in accordance with Section 15(f) of this Agreement of its intention to terminate Executive's ’s employment. In such event, Executive's ’s employment with the Company shall terminate effective on the 30th thirtieth (30th) day after receipt of such written notice by Executive (the "“Disability Effective Date"”), provided that, within the 30 thirty (30) days after such receipt, Executive shall not have returned to full-time performance of Executive's ’s duties. For purposes of this Agreement, "“Disability" shall mean a mental or physical disability as determined by the Board of Directors of the Company in accordance with standards and procedures similar to those under the Company's employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, Disability ” shall mean the inability of Executive, as determined by the BoardCommittee, to substantially perform the essential functions of his regular duties and responsibilities (with or without reasonable accommodation) , due to a medically determinable physical or mental illness or other disability which has lasted (or can reasonably be expected to last) for a substantially continuous period of at least six consecutive months.
Appears in 2 contracts
Samples: Employment Agreement (Global Payments Inc), Employment Agreement (Global Payments Inc)
Death, Retirement or Disability. Executive's ’s employment and the Employment Period shall terminate automatically upon Executive's ’s death or Retirement during the Employment PeriodRetirement. For purposes of this Agreement, "“Retirement" ” shall mean normal retirement as defined in under the Company's ’s then-current retirement plan, or if there is no such retirement plan, "“Retirement" ” shall mean voluntary termination resignation after age 65 with at least ten years of service. If the Company Committee determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth belowin this § 7(a)), it the Company may give to Executive written notice in accordance with Section 15(f) of this Agreement of its intention to terminate Executive's ’s employment. In such event, Executive's ’s employment with the Company shall terminate effective on the 30th day after receipt of such written notice by Executive (the "“Disability Effective Date"”), provided that, within the 30 days after such receipt, Executive shall not have returned to full-time performance of Executive's ’s duties. For purposes of this Agreement, "“Disability" shall mean a mental or physical disability as determined by the Board of Directors of the Company in accordance with standards and procedures similar to those under the Company's employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, Disability ” shall mean the inability of Executive, as determined by the BoardCommittee, to substantially perform the essential functions of his regular duties and responsibilities (with or without reasonable accommodation) , due to a medically determinable physical or mental illness or other disability which has lasted (or can reasonably be expected to last) for a substantially continuous period of at least six consecutive months.
Appears in 2 contracts
Samples: Employment Agreement (Global Payments Inc), Employment Agreement (Global Payments Inc)
Death, Retirement or Disability. Executive's employment shall ------------------------------- terminate automatically upon Executive's death or Retirement during the Employment Period. For purposes of this Agreement, "Retirement" shall mean normal retirement as defined in the Company's then-current retirement plan, or there is no such retirement plan, "Retirement" shall mean voluntary termination after age 65 with ten years of service. If the Company determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to Executive written notice in accordance with Section 15(f14(f) of this Agreement of its intention to terminate Executive's employment. In such event, Executive's employment with the Company shall terminate effective on the 30th day after receipt of such written notice by Executive (the "Disability Effective Date"), provided that, within the 30 days after such receipt, Executive shall not have returned to full-time performance of Executive's duties. For purposes of this Agreement, "Disability" shall mean a mental or physical disability as determined by the Board of Directors of the Company in accordance with standards and procedures similar to those under the Company's employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, Disability shall mean the inability of Executive, as determined by the Board, to substantially perform the essential functions of his regular duties and responsibilities (with or without reasonable accommodation) due to a medically determinable physical or mental illness which has lasted (or can reasonably be expected to last) for a period of six consecutive months. For purposes of this Agreement, "Retirement" shall mean voluntary termination of employment after age 65.
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Death, Retirement or Disability. Executive's ’s employment and the Employment Period shall terminate automatically upon Executive's ’s death or Retirement during the Employment PeriodRetirement. For purposes of this Agreement, "“Retirement" ” shall mean normal retirement as defined in the Company's thenExecutive’s voluntary resignation of employment on or after attaining age fifty-current retirement plan, or there is no such retirement plan, "Retirement" shall mean voluntary termination after age 65 five (55) with at least ten (10) years of service. If the Company Committee determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth belowin this § 7(a)), it the Company may give to Executive written notice in accordance with Section 15(f) of this Agreement of its intention to terminate Executive's ’s employment. In such event, Executive's ’s employment with the Company shall terminate effective on the 30th thirtieth (30th) day after receipt of such written notice by Executive (the "“Disability Effective Date"”), provided that, within the 30 thirty (30) days after such receipt, Executive shall not have returned to full-time performance of Executive's ’s duties. For purposes of this Agreement, "“Disability" shall mean a mental or physical disability as determined by the Board of Directors of the Company in accordance with standards and procedures similar to those under the Company's employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, Disability ” shall mean the inability of Executive, as determined by the BoardCommittee, to substantially perform the essential functions of his her regular duties and responsibilities (with or without reasonable accommodation) , due to a medically determinable physical or mental illness or other disability which has lasted (or can reasonably be expected to last) for a substantially continuous period of at least six (6) consecutive months.
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Death, Retirement or Disability. Executive's ’s employment and the Employment Period shall terminate automatically upon Executive's ’s death or Retirement during the Employment PeriodRetirement. For purposes of this Agreement, "“Retirement" ” shall mean normal retirement as defined in under the Company's ’s then-current retirement plan, or if there is no such retirement plan, "“Retirement" ” shall mean voluntary termination resignation after age 65 with at least ten years of service. If the Company Committee determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth belowin this § 7(a)), it the Company may give to Executive written notice in accordance with Section 15(f) of this Agreement of its intention to terminate Executive's ’s employment. In such event, Executive's ’s employment with the Company shall terminate effective on the 30th day after receipt of such written notice by Executive (the "“Disability Effective Date"”), provided that, within the 30 thirty (30) days after such receipt, Executive shall not have returned to full-time performance of Executive's ’s duties. For purposes of this Agreement, "“Disability" shall mean a mental or physical disability as determined by the Board of Directors of the Company in accordance with standards and procedures similar to those under the Company's employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, Disability ” shall mean the inability of Executive, as determined by the BoardCommittee, to substantially perform the essential functions of his her regular duties and responsibilities (with or without reasonable accommodation) , due to a medically determinable physical or mental illness or other disability which has lasted (or can reasonably be expected to last) for a substantially continuous period of at least six consecutive months.
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Death, Retirement or Disability. Executive's employment and the Employment Period shall terminate automatically upon Executive's death or Retirement during the Employment PeriodRetirement. For purposes of this Agreement, "Retirement" shall mean normal retirement as defined in the CompanyExecutive's thenvoluntary resignation of employment on or after attaining age fifty-current retirement plan, or there is no such retirement plan, "Retirement" shall mean voluntary termination after age 65 five (55) with at least ten (10) years of service. If the Company CEO determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth belowin this § 7(a)), it the Company may give to Executive written notice in accordance with Section 15(f) of this Agreement of its intention to terminate Executive's employment. In such event, Executive's employment with the Company shall terminate effective on the 30th thirtieth (30th) day after receipt of such written notice by Executive (the "Disability Effective Date"), provided that, within the 30 thirty (30) days after such receipt, Executive shall not have returned to full-time performance of Executive's duties. For purposes of this Agreement, "Disability" shall mean a mental or physical disability as determined by the Board of Directors of the Company in accordance with standards and procedures similar to those under the Company's employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, Disability shall mean the inability of Executive, as determined by the BoardCEO, to substantially perform the essential functions of his regular duties and responsibilities (with or without reasonable accommodation) , due to a medically determinable physical or mental illness or other disability which has lasted (or can reasonably be expected to last) for a substantially continuous period of at least six (6) consecutive months.
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