Common use of DISABILITY TERMINATION EVENT Clause in Contracts

DISABILITY TERMINATION EVENT. Upon the occurrence of a Disability Termination Event, this Agreement shall terminate automatically upon the date that such Disability Termination Event occurred (subject to the last sentence of this Section 7), whereupon the Company shall continue to pay the then-current Base Salary to the Executive for the period equal to the remaining term of the Employment Period (determined on the assumption that the Employment Period will not be terminated prior to December 31, 2000).

DISABILITY TERMINATION EVENT. Upon the occurrence of a Disability Termination Event, this Agreement shall terminate automatically upon the date that such Disability Termination Event occurred (subject to the last sentence of this Section 76), whereupon whereupon. the Company shall continue to pay the then-current Base Salary to the Executive compensation at the annual rate equal to the Base Salary then in effect for the a period equal to the remaining term of the Employment Period (determined on upon the assumption that the Employment Period will not be terminated prior to December 31the Expiration Date), 2000)but in no event longer than one (1) year and shall forgive any amount remaining due on the Loan.