Common use of Disability of the Executive Clause in Contracts

Disability of the Executive. If the EXECUTIVE is unable to perform the essential functions of the position assigned by reason of illness or incapacity for a period up to one hundred and fifty (150) consecutive days, then, despite the COMPANY'S efforts to reasonably accommodate such illness or incapacity, the COMPANY may terminate this Agreement upon written notice to EXECUTIVE. Upon termination, the EXECUTIVE may be eligible for long term disability benefits under the COMPANY'S disability plan, subject to the terms and conditions of that plan. In the event that the EXECUTIVE is (and continues to be) eligible for long term disability benefits under the COMPANY'S disability plan, then the EXECUTIVE shall be entitled to be covered under the health and life insurance welfare benefits plans in which the EXECUTIVE was a participant prior to the effective date of the termination of his employment as if the EXECUTIVE were still employed under this AGREEMENT for a period of two (2) years after the effective date of the EXECUTIVE'S termination of employment; be eligible for benefit distribution from any of the COMPANY'S stock benefit plans in accordance with the terms and conditions of any such plans; but the EXECUTIVE shall not accrue any further benefit, vesting, or service credits under any qualified retirement plans maintained by the COMPANY after the effective date of the EXECUTIVE'S termination of employment.