Common use of Inability to Perform Job Duties Clause in Contracts

Inability to Perform Job Duties. In the event of Executive's death, this Agreement and the Executive's salary and compensation shall automatically end. If in the reasonable judgment of the Board of Directors, based on independent medical advice, Executive becomes unable to perform his employment duties during the term of this Agreement as a result of mental or physical incapacity, illness or disability, his compensation under this Agreement shall automatically end until such time as Executive becomes able to resume his job duties for the Company. In the event that Executive becomes unable to perform his employment duties for a cumulative period of greater than twelve (12) weeks within any span of twelve (12) months, this Agreement and Executive's employment will be automatically terminated. In either event, Executive will be immediately entitled to all accrued and unpaid payments and benefits under Section 3 and the Company shall continue to provide the Executive with those medical, life and disability insurance benefits, if any, which are provided to the Executive on the last day of his employment by the Company for a period of one year following the last day of employment with the Company.

Appears in 5 contracts

Samples: Employment Agreement (Fuelnation Inc), Employment Agreement (Merchantonline Com Inc), Employment Agreement (Merchantonline Com Inc)

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