Common use of Disability of Executive Clause in Contracts

Disability of Executive. If Executive is permanently disabled (as defined in Company’s long-term disability insurance policy then in effect), then Company shall have the right to terminate Executive’s employment upon fifteen (15) days’ prior written notice to Executive (“Disability”) provided that Executive’s employment shall immediately terminate for disability if, as of an earlier date, he incurs a Separation from Service (as defined herein) as a result of physical or mental incapacity. In the event Executive’s employment is terminated for Disability in accordance with this Section 4.3, Company shall not be obligated to make any further payments under this Agreement except for: (a) the Accrued Base Obligations; (b) the Accrued Performance Bonus Obligations; (c) the Accrued Retention Bonus Obligations; (d) the Partial Period Performance Bonus Obligations; (e) the Partial Period Retention Bonus Obligations; and (f) Indemnification.

Disability of Executive. If Executive is permanently disabled (as defined in Company’s long-term disability insurance policy then in effect), then Company shall have the right to terminate Executive’s employment upon fifteen (15) days’ prior written notice to Executive (“Disability”) provided that Executive’s employment shall immediately terminate for disability if, as of an earlier date, he incurs a Separation from Service (as defined herein) as a result of physical or mental incapacity. In the event Executive’s employment is terminated for Disability in accordance with this Section 4.3, Company shall not be obligated to make any further payments under this Agreement except for: (a) the Accrued Base Obligations; (b) the Accrued Performance Bonus Obligations; (c) the Accrued Retention Bonus Obligations; (d) the Partial Period Performance Bonus Obligations; (e) the Partial Period Retention Bonus Obligations; and (f) Indemnification.

Disability of Executive. If Executive is permanently disabled (as defined in Company’s long-term disability insurance policy then in effect), then Company shall have the right to terminate Executive’s employment upon fifteen (15) days’ prior written notice to Executive (“Disability”) provided that Executive’s employment shall immediately terminate for disability if, as of an earlier date, he incurs a Separation from Service (as defined herein) as a result of physical or mental incapacity. In the event Executive’s employment is terminated for Disability in accordance with this Section 4.3, Company shall not be obligated to make any further payments under this Agreement except for: (a) the Accrued Base Obligations; (b) the Accrued Performance Bonus Obligations; (c) the Accrued Retention Bonus Obligations; (d) the Partial Period Performance Bonus Obligations; (e) the Partial Period Retention Bonus Obligations; and (fc) Indemnificationthe Partial Period Bonus Obligations.