Common use of Disability of Executive Clause in Contracts

Disability of Executive. (a) In the event that at any time during the term of this Agreement the Executive shall suffer any Disability, then the Company shall be obligated to continue to pay in the ordinary and normal course of its business to the Executive or his legal representative, as the case may be, the Executive's Compensation (subject to applicable payroll and/or other taxes required by law to be withheld) from the date that the Executive shall first suffer any such Disability to the date that the Executive's employment by the Company shall be terminated pursuant to any of the provisions of this Agreement. (b) In the event that the Executive shall suffer any Protracted Disability during the term of this Agreement, then the Company may terminate the Executive's employment under this Agreement. In such event, in addition to any other benefits which may have been provided by the Company to the Executive or his legal representative, as the case may be, pursuant to the provisions of Section 6.4(a) above, not later than the Termination Date specified in the Termination Notice delivered by the Company to the Executive or his legal representative, as the case may be, the Company shall pay to the Executive or as otherwise directed by the Executive's legal representative an amount in cash equal to the Executive's Compensation (subject to applicable payroll and/or taxes required by law to be withheld) determined as of the date of such Termination Notice. Subsequent to such Termination Date, the Executive or his legal representative, as the case may be, shall also be entitled to receive any benefits which may be payable under any disability insurance policy or disability plan provided to the Executive by the Company.

Appears in 16 contracts

Samples: Employment Agreement (Signature Leisure Inc), Employment Agreement (Fortis Enterprises), Employment Agreement (Sims Communications Inc)

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Disability of Executive. (a) In the event that at any time during the term of this Agreement the Executive shall suffer any Disability, then the Company shall be obligated to continue to pay in the ordinary and normal course of its business to the Executive or his legal representative, as the case may be, the Executive's Compensation (subject to applicable payroll and/or other taxes required by law to be withheld) from the date that the Executive shall first suffer any such Disability to the date that the Executive's employment by the Company shall be terminated pursuant to any of the provisions of this Agreement. (b) In the event that the Executive shall suffer any Protracted Disability during the term of this Agreement, then the Company may terminate the Executive's employment under this Agreement. In such event, in addition to any other benefits which may have been provided by the Company to the Executive or his legal representative, as the case may be, pursuant to the provisions of Section 6.4(a7.3(a) above, not later than the Termination Date specified in the Termination Notice delivered by the Company to the Executive or his legal representative, as the case may be, the Company shall pay to the Executive or as otherwise directed by the Executive's legal representative an amount in cash equal to the Executive's Compensation (subject to applicable payroll and/or taxes required by law to be withheld) determined as of the date of such Termination Notice. Subsequent to such Termination Date, the Executive or his legal representative, as the case may be, shall also be entitled to receive any benefits which may be payable under any disability insurance policy or disability plan provided to the Executive by the Company.

Appears in 9 contracts

Samples: Employment Agreement (Cord Blood America, Inc.), Employment Agreement (Cord Blood America, Inc.), Employment Agreement (Cord Blood America, Inc.)

Disability of Executive. (a) In the event that If at any time during the term of this Agreement the Executive shall suffer any Disability, then the Company GLDI shall be obligated to continue to pay in the ordinary and normal course of its business to the Executive or his legal representative, as the case may be, the Executive's Compensation (subject to applicable payroll and/or other taxes required by law to be withheld) from the date that the Executive shall first suffer any such Disability to the date that the Executive's employment by the Company GLDI shall be terminated pursuant to any of the provisions of this Agreement. (b) In the event that If the Executive shall suffer any Protracted Disability during the term of this Agreement, then the Company GLDI may terminate the Executive's employment under this Agreement. In such event, in addition to any other benefits which may have been provided by the Company GLDI to the Executive or his legal representative, as the case may be, pursuant to the provisions of Section 6.4(a7.4(a) above, not later than the Termination Date specified in the Termination Notice delivered by the Company GLDI to the Executive or his legal representative, as the case may be, the Company GLDI shall pay to the Executive or as otherwise directed by the Executive's legal representative an amount in cash equal to the Executive's Compensation (subject to applicable payroll and/or taxes required by law to be withheld) determined as of the date of such Termination Notice. Subsequent to such Termination Date, the Executive or his legal representative, as the case may be, shall also be entitled to receive any benefits which may be payable under any disability insurance policy or disability plan provided to the Executive by GLDI; provided that nothing contained in this Section 7.4(b) shall obligate GLDI to provide any such benefits to the CompanyExecutive.

Appears in 2 contracts

Samples: Employment Agreement (Group Long Distance Inc), Employment Agreement (Group Long Distance Inc)

Disability of Executive. (a) In the event that at any time during the term of this Agreement the Executive shall suffer any Disability, then the Company shall be obligated to continue to pay in the ordinary and normal course of its business to the Executive or his her legal representative, as the case may be, the Executive's Compensation (subject to applicable payroll and/or other taxes required by law to be withheld) from the date that the Executive shall first suffer any such Disability to the date that the Executive's employment by the Company shall be terminated pursuant to any of the provisions of this Agreement. (b) In the event that the Executive shall suffer any Protracted Disability during the term of this Agreement, then the Company may terminate the Executive's employment under this Agreement. In such event, in addition to any other benefits which may have been provided by the Company to the Executive or his her legal representative, as the case may be, pursuant to the provisions of Section 6.4(a7.3(a) above, not later than the Termination Date specified in the Termination Notice delivered by the Company to the Executive or his her legal representative, as the case may be, the Company shall pay to the Executive or as otherwise directed by the Executive's legal representative an amount in cash equal to the Executive's Compensation (subject to applicable payroll and/or taxes required by law to be withheld) determined as of the date of such Termination Notice. Subsequent to such Termination Date, the Executive or his her legal representative, as the case may be, shall also be entitled to receive any benefits which may be payable under any disability insurance policy or disability plan provided to the Executive by the Company.

Appears in 2 contracts

Samples: Employment Agreement (Cord Blood America, Inc.), Employment Agreement (Last Mile Logistics Group, Inc.)

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Disability of Executive. (a) In the event that at any time during the term of this Agreement the Executive shall suffer any Disability, then the Company shall be obligated to continue to pay in the ordinary and normal course of its business to the Executive or his legal representativerepresentatives, as the case may be, the Executive's ’s Compensation (subject to any applicable payroll and/or other taxes required by law to be withheld) from the date that the Executive shall first suffer any such Disability Disability, to the date that the Executive's ’s employment by the Company shall be terminated pursuant to any of the provisions of this Agreement, or to the date that this Agreement shall expire. (b) In the event that the Executive shall suffer any Protracted Disability during the term of this Agreement, then the Company may terminate the Executive's employment under this Agreement. In such event, in addition to any other benefits which may have been provided by the Company to the Executive or his legal representativerepresentatives, as the case may be, pursuant to the provisions of Section 6.4(a5.4(a) above, not later than ninety (90) days after the Termination Date specified in the Termination Notice delivered by the Company to the Executive or his legal representative, as the case may beNotice, the Company shall pay to the Executive or his legal representatives, as otherwise directed by the Executive's legal representative case may be, an amount in cash equal to the Executive's ’s Compensation (subject to any applicable payroll and/or other taxes required by law to be withheld) determined as of the date of such Termination NoticeDate. Subsequent to such Termination Date, the Executive or his legal representativerepresentatives, as the case may be, shall also be entitled to receive any benefits which may be payable under any disability insurance policy or disability plan which may be provided to the Executive by the Company.

Appears in 1 contract

Samples: Employment Agreement (Full House Resorts Inc)

Disability of Executive. (a) In the event that at any time during the term of this Agreement the Executive shall suffer any Disability, then the Company shall be obligated to continue to pay in the ordinary and normal course of its business to the Executive or his legal representative, as the case may be, the Executive's Compensation (subject to applicable payroll and/or other taxes required by law to be withheld) from the date that the Executive shall first suffer any such Disability to the date that the Executive's employment by the Company shall be terminated pursuant to any of the provisions of this Agreement. (b) In the event that the Executive shall suffer any Protracted Disability during the term of this Agreementagreement, then the Company may terminate the Executive's employment under this Agreement. In such event, in addition to any other benefits befits which may have been provided by the Company to the Executive or his legal representative, as the case may be, pursuant to the provisions of Section 6.4(a7.3(a) above, not later than the Termination Date specified in the Termination Notice delivered by the Company to the Executive or his legal representative, as the case may be, the Company shall pay to the Executive or as otherwise directed by the Executive's legal representative an amount in cash equal to the Executive's Compensation (subject to applicable payroll and/or taxes required by law to be withheld) determined as of the date of such Termination Notice. Subsequent to such Termination Date, the Executive or his legal representative, as the case may be, shall also be entitled to receive any benefits which may be payable under any disability insurance policy or disability plan provided to the Executive by the Company.

Appears in 1 contract

Samples: Employment Agreement (Dale Jarrett Racing Adventure Inc)

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