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 shall be deemed as a termination with cause, any compensation payable under paragraph 4 of this Agreement will be continued through the remaining contract period, but in any event, through the Expiration Date. Notwithstanding the foregoing, the Executive's Base Salary specified in paragraph 4.1 of this Agreement shall be reduced by any benefits payable under any disability plans.
Appears in 3 contracts
Sources: 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 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 shall be deemed as a termination with cause, any compensation payable under paragraph 4 of this Agreement will be continued through the remaining contract period, but in any event, through the Expiration Datefor ninety (90) days. Notwithstanding the foregoing, the Executive's Base Salary specified in paragraph 4.1 of this Agreement shall will be reduced by any benefits payable under any disability plans.
Appears in 3 contracts
Sources: 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 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 shall may be deemed as a termination with for cause, any compensation payable under paragraph 4 of this Agreement will be continued through for ninety (90) days following the remaining contract period, but in any event, through the Expiration Termination Date. Notwithstanding the foregoing, the Executive's Base Salary specified in paragraph 4.1 of this Agreement shall will be reduced by any benefits payable under any disability plans.
Appears in 3 contracts
Sources: 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 ’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 shall may be deemed as a termination with for cause, any compensation payable under paragraph 4 of this Agreement will be continued through for ninety (90) days following the remaining contract period, but in any event, through the Expiration Termination Date. Notwithstanding the foregoing, the Executive's ’s Base Salary specified in paragraph 4.1 of this Agreement shall will be reduced by any benefits payable under any disability plans.
Appears in 3 contracts
Sources: 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 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 shall will be deemed as a termination with causeCause, any the Executive will be entitled to the compensation payable under provided for in paragraph 4 6.1.1 of this Agreement will be continued through the remaining contract period, but in any event, through the Expiration Date. Notwithstanding the foregoing, the Executive's with Base Salary specified in paragraph 4.1 of this Agreement shall Compensation to be reduced by any benefits payable under any disability plansplans provided to the Executive at the Company’s expense.
Appears in 3 contracts
Sources: 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 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 shall be deemed as a termination with causeTermination With Cause, any compensation payable under paragraph 4 of this Agreement will be continued through the remaining contract period, but in any event, through the Expiration Datefor ninety (90) days. Notwithstanding the foregoing, the Executive's Base Salary specified in paragraph 4.1 of this Agreement shall will be reduced by any benefits payable under any disability plans.
Appears in 1 contract