Illness, Incapacity or Death Sample Clauses

Illness, Incapacity or Death. This Agreement shall terminate upon Employee's illness, incapacity or death in accordance with the provisions of Sections 7 and 8 herein.
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Illness, Incapacity or Death. (a) If, during the term of this Agreement, Employee should be prevented from performing his duties by reason of illness or incapacity for an aggregate of one hundred eighty (180) days in any twelve (12) month period, then Company may immediately terminate this Agreement by ten (10) days notice in writing, in which event this Agreement shall thereupon terminate, and the provisions of Section 14 shall not apply and no further payments shall be due Employee from Company other than pursuant to any employee benefit plan or fringe benefit in which Employee participates.
Illness, Incapacity or Death. In the event of illness or incapacity of Executive, Bowmxx xxxll continue Executive's Base Salary for a period of ninety (90) days or such time as the Executive is eligible to apply for benefits under Bowmxx'x xxxg-term disability plan, whichever occurs last. If Executive is unable to perform the essential elements of his job due to illness or incapacity for a period greater than ninety (90) days, Bowmxx xxx elect, in its sole determination, to terminate this Agreement with no further obligation to Executive, except for any amounts earned by, or accrued for, Executive under any employee benefit plans in which the Executive is then a participant, earned and unpaid salary and accrued and unused vacation pay and any rights of Executive under any bonus or stock option agreement, which right has been earned by Executive at the time of such termination pursuant to the terms of such plan or agreement. If Executive should die during the term of this Agreement, Executive's heir shall be paid by Bowmxx x xotal amount equal to ninety (90) days' Base Salary, be entitled to whatever rights the heir may have under Executive's stock option plan, and be granted applicable COBRA rights; Bowmxx'x xxxaining obligations hereunder shall terminate as of the end of the month in which Executive's death occurs.
Illness, Incapacity or Death. In the event of illness or incapacity of Employee, Employer shall continue Employee's salary for six months and may, at its sole option, continue payment of Employee's salary until he or she is able to return to work. If Employee is unable to work due to illness or incapacity for a period greater than six months, Employer may elect, in its discretion, to terminate this Agreement. If Employee should die during the term of this Agreement, Employee's employment shall be treated as terminated and Employer's obligations hereunder shall terminate as of the end of the month in which Employee's death occurs. Employee's death during a payout period under paragraph 6 of this Agreement shall, however, not be treated the same as a death during employment, i.e., the obligation to make payments under paragraph 6 shall not terminate as of the end of the month in which death occurs.
Illness, Incapacity or Death a. In event that the Employee shall, during his active employment hereunder, become unable to perform the services agreed to be rendered by him by reason of illness or other incapacity, he shall be entitled to immediate payment of all deferred compensation, plus interest, as provided for herein, based upon the time of service to the termination of his employment on account of such illness or other incapacity. b. In the event of the death of the Employee during his employment hereunder, , his legal representative shall be entitled to receive, and the Corporation shall pay, the fixed compensation, deferred or otherwise, plus accrued interest, of the Employee as provided herein, up to the last day of the month in which the death of the Employee shall have occurred.
Illness, Incapacity or Death. In the event of the death or disability of the Consultant or the Consultant's illness or incapacity resulting in the disability of the Consultant while this Agreement is in effect, this Agreement shall terminate and all amounts accrued for the benefit of the Consultant to that date shall be paid to the Consultant or the estate of the Consultant, as the case may be. Such payment shall fully discharge all obligations of the Company to the Consultant (or his estate) under this Agreement. For purposes of this Agreement, "disability" shall mean the inability of the Consultant to perform the Consulting Services for One Hundred Twenty (120) consecutive days, such inability to be documented to the reasonable satisfaction of the Board of Directors by appropriate correspondence from duly licensed and registered physicians.
Illness, Incapacity or Death. (a) If at any time during the term of this Agreement, the Executive becomes Disabled (as defined herein) and he has not breached any of the provisions of this Agreement, compensation shall continue to be paid to him as provided in Paragraph 3 above but only as to the first 90-day period during which he shall be so disabled. The Company may, at its sole option, continue payment of Executive's salary until he is able to return to work or for such period greater than 90 days as the Company elects, or may terminate this Agreement. For purposes of this section "
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Illness, Incapacity or Death 

Related to Illness, Incapacity or Death

  • Disability or Death (i) The Employment Term and Executive’s employment hereunder shall terminate upon Executive’s death and may be terminated by the Company if Executive becomes physically or mentally incapacitated and is therefore unable for a period of six (6) consecutive months or for an aggregate of nine (9) months in any twenty-four (24) consecutive month period to perform Executive’s duties (such incapacity is hereinafter referred to as “Disability”). Any question as to the existence of the Disability of Executive as to which Executive and the Company cannot agree shall be determined in writing by a qualified independent physician mutually acceptable to Executive and the Company. If Executive and the Company cannot agree as to a qualified independent physician, each shall appoint such a physician and those two physicians shall select a third who shall make such determination in writing. The determination of Disability made in writing to the Company and Executive shall be final and conclusive for all purposes of the Agreement.

  • Termination Due to Disability or Death Executive’s employment hereunder may be terminated by the Company as follows:

  • Termination Due to Death or Permanent Disability If the Employment Period shall be terminated due to death or Permanent Disability of the Executive, the Executive (or his estate or legal representative) shall be entitled solely to the following: (i) Base Salary through the Date of Termination; and (ii) medical benefits as provided in Section 5.05 below. The Executive’s entitlements under any other benefit plan or program shall be as determined thereunder. In addition, promptly following any such termination, the Executive (or his estate or legal representative) shall be reimbursed for all Reimbursable Expenses incurred by the Executive prior to such termination.

  • TERMINATION FOR DISABILITY OR DEATH (a) Termination of Executive’s employment based on “Disability” shall be construed to comply with Section 409A of the Internal Revenue Code and shall be deemed to have occurred if: (i) Executive is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death, or last for a continuous period of not less than 12 months; (ii) by reason of any medically determinable physical or mental impairment that can be expected to result in death, or last for a continuous period of not less than 12 months, Executive is receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Bank or the Company; or (iii) Executive is determined to be totally disabled by the Social Security Administration. The provisions of Sections 6(b) and (c) shall apply upon the termination of the Executive’s employment based on Disability. Upon the determination that Executive has suffered a Disability, disability payments hereunder shall commence within thirty (30) days.

  • Termination Due to Death, Disability or Retirement In the event the Optionee’s employment or other service with the Company and all Subsidiaries is terminated by reason of death, Disability or Retirement, this Option will remain exercisable, to the extent exercisable as of the date of such termination, for a period of one year after such termination (but in no event after the Time of Termination).

  • TERMINATION UPON RETIREMENT, DISABILITY OR DEATH Termination by the Bank of the Executive based on "

  • Termination of Employment Due to Death, Disability, or Retirement If the Optionee’s termination of employment is due to death, Disability, or Retirement (termination on or after age 65), or if Optionee terminates employment after age 55, the following shall apply:

  • Termination for Any Reason Except Death, Disability or Cause If Optionee is Terminated for any reason except Optionee’s death, Disability or Cause, then this Option, to the extent (and only to the extent) that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement on the date of Termination, may be exercised by Optionee no later than three (3) months after the date of Termination, but in any event no later than the Expiration Date.

  • Death, Disability or Retirement Subject to the provisions of Section 1 hereof, this Agreement shall terminate automatically upon the Executive's death, termination due to "Disability" (as defined below) or voluntary retirement under any of the Company's retirement plans as in effect from time to time. For purposes of this Agreement, Disability shall mean the Executive has met the conditions to qualify for long-term disability benefits under the Company's policies, as in effect immediately prior to the Effective Date.

  • Termination Due to Death or Disability Executive’s employment shall terminate automatically upon Executive’s death. The Company may terminate Executive’s employment immediately upon the occurrence of a Disability, such termination to be effective upon Executive’s receipt of written notice of such termination. Upon Executive’s death or in the event that Executive’s employment is terminated due to Executive’s Disability, Executive or Executive’s estate or Executive’s beneficiaries, as the case may be, shall be entitled to:

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