Common use of Incapacity; Death Clause in Contracts

Incapacity; Death. 4.1 If, during the Employment Term hereunder, because of illness or other incapacity (other than death), the Executive shall fail for a period of three (3) consecutive months ("Incapacity"), to render the services contemplated hereunder, then the Corporation, at its option, may terminate the Employment Term hereunder by notice to the Executive, effective on the giving of such notice; provided, however, that the Executive shall be entitled to continue to receive 100% of his then annual salary hereunder for a period of one year from the Termination Date and payable in equal monthly installments commencing on the 30th day of the month following the Termination Date.

Appears in 4 contracts

Samples: Employment Agreement (A Consulting Team Inc), Employment Agreement (A Consulting Team Inc), Employment Agreement (A Consulting Team Inc)

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