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 ninety (90) 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.

Appears in 3 contracts

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

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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 may will be deemed as a termination with Cause, the Executive will be entitled to the compensation provided for cause, any compensation payable under in paragraph 4 6.1.1 of this Agreement will be continued for ninety (90) days following the Termination Date. Notwithstanding the foregoing, the Executive's with Base Salary specified in paragraph 4.1 of this Agreement will 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

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 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 ninety (90) days following the Termination Datedays. 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.

Appears in 3 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 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 ninety (90) days following through the Termination 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 will shall be reduced by any benefits payable under any disability plans.

Appears in 3 contracts

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

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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 be deemed as a termination for cause, any compensation payable under paragraph 4 of this Agreement will be continued for ninety (90) days following the Termination 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.

Appears in 3 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 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 causeTermination With Cause, any compensation payable under paragraph 4 of this Agreement will be continued for ninety (90) days following the Termination Datedays. 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.

Appears in 1 contract

Samples: Employment Agreement (Chesapeake Energy Corp)

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