Common use of Incapacity of Executive Clause in Contracts

Incapacity of Executive. If the Executive suffers from a physical or mental condition which in the reasonable judgment of the Company’s management prevents the Executive in whole or in part from performing the duties specified herein for a period of three (3) consecutive months, the Executive may be terminated. Although the termination may be deemed as a termination for cause, any compensation payable under paragraph 4 of this Agreement will be continued for one hundred eighty (180) days following the Termination Date. Notwithstanding the foregoing, the Executive’s Base Salary specified in paragraph 4.1 of this Agreement will be reduced by any benefits payable under any disability plans provided by the Company under paragraph 4.4. The right to the compensation due under this paragraph 6.3 is subject to the execution by the Executive or the Executive’s legal representative of the Company’s standard termination agreement releasing all legally waivable claims against the Company.

Appears in 6 contracts

Samples: Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp)

AutoNDA by SimpleDocs

Incapacity of Executive. If the Executive suffers from a physical or mental condition condition, which in the reasonable judgment of the Company’s management Board of Directors, prevents the Executive in whole or in part from performing the duties specified herein for a period of three four (34) consecutive months, the Executive may be terminated. Although the termination may will be deemed as a termination for causewith Cause, any compensation payable under paragraph 4 of this Agreement will be continued for one hundred eighty (180) days following through the Termination remaining term of this Agreement, but in any event through the Expiration Date. Notwithstanding Notwithstand­ing the foregoing, the Executive’s Base Salary specified in paragraph 4.1 of this Agreement will be reduced by any benefits payable under any disability plans provided by the Company under paragraph 4.4. The right to the compensation due under 4.4 of this paragraph 6.3 is subject to the execution by the Executive or the Executive’s legal representative of the Company’s standard termination agreement releasing all legally waivable claims against the CompanyAgreement.

Appears in 4 contracts

Samples: Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp)

Incapacity of Executive. If the Executive suffers from a physical or mental condition which in the reasonable judgment of the Company’s management 's board of directors prevents the Executive in whole or in part from performing the duties specified herein for a period of three four (34) consecutive months, the Executive may be terminated. Although the termination may will be deemed as a termination for causewith Cause, any compensation payable under paragraph 4 of this Agreement will be continued for one hundred eighty (180) days following through the Termination remaining term of this Agreement, but in any event through the Expiration Date. Notwithstanding the foregoing, the Executive’s 's Base Salary specified in paragraph 4.1 of this Agreement will be reduced by any benefits payable under any disability plans provided by the Company under paragraph 4.4. The right to the compensation due under 4.4 of this paragraph 6.3 is subject to the execution by the Executive or the Executive’s legal representative of the Company’s standard termination agreement releasing all legally waivable claims against the CompanyAgreement.

Appears in 2 contracts

Samples: Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp)

Incapacity of Executive. If the Executive suffers from a physical or mental condition condition, which in the reasonable judgment of the Company’s management Board of Directors, prevents the Executive in whole or in part from performing the duties specified herein for a period of three four (34) consecutive months, the Executive may be terminated. Although the termination may will be deemed as a termination for causewith Cause, any compensation payable under paragraph 4 of this Agreement will be continued for one hundred eighty (180) days following through the Termination remaining term of this Agreement, but in any event through the Expiration Date. Notwithstanding the foregoing, the Executive’s Base Salary specified in paragraph 4.1 of this Agreement will be reduced by any benefits payable under any disability plans provided by the Company under paragraph 4.4. The right to the compensation due under 4.4 of this paragraph 6.3 is subject to the execution by the Executive or the Executive’s legal representative of the Company’s standard termination agreement releasing all legally waivable claims against the CompanyAgreement.

Appears in 2 contracts

Samples: Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp)

Incapacity of Executive. If the Executive suffers from a physical or mental condition which in the reasonable judgment of the Company’s management 's board of directors prevents the Executive in whole or in part from performing the duties specified herein for a period of three (3) consecutive months, the Executive may be terminated. Although the termination may shall be deemed as a termination for with cause, any compensation payable under paragraph 4 of this Agreement will be continued for one hundred eighty (180) days following through the Termination remaining term of this Agreement, but in any event through the Expiration Date. Notwithstanding the foregoing, the Executive’s 's Base Salary specified in paragraph 4.1 of this Agreement will be reduced by any benefits payable under any disability plans provided by the Company under paragraph 4.4. The right to the compensation due under 4 of this paragraph 6.3 is subject to the execution by the Executive or the Executive’s legal representative of the Company’s standard termination agreement releasing all legally waivable claims against the CompanyAgreement.

Appears in 2 contracts

Samples: Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp)

AutoNDA by SimpleDocs

Incapacity of Executive. If the Executive suffers from a physical or mental condition which in the reasonable judgment of the Company’s 's management prevents the Executive in whole or in part from performing the duties specified herein for a period of three (3) consecutive months, the Executive may be terminated. Although the termination may shall be deemed as a termination for cause, any compensation payable under paragraph 4 of this Agreement will be continued for one hundred eighty (180) days following through the Termination remaining contract period, but in any event, through the Expiration Date. Notwithstanding the foregoing, the Executive’s 's Base Salary specified in paragraph 4.1 of this Agreement will shall be reduced by any benefits payable under any disability plans provided by the Company under paragraph 4.4. The right to the compensation due under this paragraph 6.3 is subject to the execution by the Executive or the Executive’s legal representative of the Company’s standard termination agreement releasing all legally waivable claims against the Companyplans.

Appears in 1 contract

Samples: Employment Agreement (Chesapeake Energy Corp)

Incapacity of Executive. If the Executive suffers from a physical or mental condition which in the reasonable judgment of the Company’s management prevents the Executive in whole or in part from performing the duties specified herein for a period of three (3) consecutive months, the Executive may be terminated. Although the termination may be deemed as a termination for cause, any compensation payable under paragraph 4 of this Agreement will be continued for one hundred eighty (180) days following the Termination Date. Notwithstanding Notwithstand­ing the foregoing, the Executive’s Base Salary specified in paragraph 4.1 of this Agreement will be reduced by any benefits payable under any disability plans provided by the Company under paragraph 4.4. The right to the compensation due under this paragraph 6.3 is subject to the execution by the Executive or the Executive’s legal representative of the Company’s standard termination agreement releasing all legally waivable claims against the Company.

Appears in 1 contract

Samples: Employment Agreement (Chesapeake Energy Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.