Common use of OPTION TO TERMINATE ON PERMANENT DISABILITY OF CONTRACTOR Clause in Contracts

OPTION TO TERMINATE ON PERMANENT DISABILITY OF CONTRACTOR. Not withstanding anything in this agreement to the contrary, Company is hereby given the option to terminate this agreement in the event that during the term hereof Contractor shall become permanently disabled, as the term “permanently disabled” is hereinafter fixed and defined. Such option shall be exercised by Company giving notice to Contractor by registered mail, addressed to his/her in care of Company at the above stated address, or at such other address as Contractor shall designate in writing, of its intention to terminate this agreement on the last day of the month during which such notice is mailed. On the giving of such notice this agreement and the term hereof shall cease and come to an end on the last day of the month in which the notice is mailed, with the same force and effect as if such last day of the month were the date originally set forth as the termination date. For purposes of this agreement, Contractor shall be deemed to have become permanently disabled if, during any year of the term hereof, because of ill health, physical or mental disability, or for other causes beyond his/her control, he shall have been continuously unable or unwilling or have failed to perform his/her duties hereunder for thirty (30) consecutive days, or if, during any year of the term hereof, he/she shall have been unable or unwilling or have failed to perform his/her duties for a total period of thirty (30) days, whether consecutive or not.

OPTION TO TERMINATE ON PERMANENT DISABILITY OF CONTRACTOR. Not withstanding anything in this agreement to the contrary, Company is hereby given the option to terminate this agreement in the event that during the term hereof Contractor shall become permanently disabled, as the term “permanently disabled” is hereinafter fixed and defined. Such option shall be exercised by Company giving notice to Contractor by registered mail, addressed to his/her his in care of Company at the above stated address, or at such other address as Contractor shall designate in writing, of its intention to terminate this agreement on the last day of the month during which such notice is mailed. On the giving of such notice this agreement and the term hereof shall cease and come to an end on the last day of the month in which the notice is mailed, with the same force and effect as if such last day of the month were the date originally set forth as the termination date. For purposes of this agreement, Contractor shall be deemed to have become permanently disabled if, during any year of the term hereof, because of ill health, physical or mental disability, or for other causes beyond his/her his control, he shall have been continuously unable or unwilling or have failed to perform his/her his duties hereunder for thirty (30) consecutive days, or if, during any year of the term hereof, he/she shall have been unable or unwilling or have failed to perform his/her his duties for a total period of thirty (30) days, whether consecutive or not. If Contractor is terminated or resigns from Company, Company agrees to honor full payment and shares for the full calendar year.

OPTION TO TERMINATE ON PERMANENT DISABILITY OF CONTRACTOR. Not withstanding anything in this agreement to the contrary, Company is hereby given the option to terminate this agreement in the event that during the term hereof Contractor shall become permanently disabled, as the term “permanently disabled” is hereinafter fixed and defined. Such option shall be exercised by Company giving notice to Contractor by registered mail, addressed to his/her his in care of Company at the above stated address, or at such other address as Contractor shall designate in writing, of its intention to terminate this agreement on the last day of the month during which such notice is mailed. On the giving of such notice this agreement and the term hereof shall cease and come to an end on the last day of the month in which the notice is mailed, with the same force and effect as if such last day of the month were the date originally set forth as the termination date. For purposes of this agreement, Contractor shall be deemed to have become permanently disabled if, during any year of the term hereof, because of ill health, physical or mental disability, or for other causes beyond his/her his control, he shall have been continuously unable or unwilling or have failed to perform his/her his duties hereunder for thirty (30) consecutive days, or if, during any year of the term hereof, he/she shall have been unable or unwilling or have failed to perform his/her his duties for a total period of thirty (30) days, whether consecutive or not.

OPTION TO TERMINATE ON PERMANENT DISABILITY OF CONTRACTOR. Not withstanding anything in this agreement to the contrary, Company is hereby given the option to terminate this agreement in the event that during the term hereof Contractor shall become permanently disabled, as the term “permanently disabled” is hereinafter fixed and defined. Such option shall be exercised by Company giving notice to Contractor by registered mail, addressed to his/her in care of Company at the above stated address, or at such other address as Contractor shall designate in writing, of its intention to terminate this agreement on the last day of the month during which such notice is mailed. On the giving of such notice this agreement and the term hereof shall cease and come to an end on the last day of the month in which the notice is mailed, with the same force and effect as if such last day of the month were the date originally set forth as the termination date. For purposes of this agreement, Contractor shall be deemed to have become permanently disabled if, during any year of the term hereof, because of ill health, physical or mental disability, or for other causes beyond his/her control, he shall have been continuously unable or unwilling or have failed to perform his/her duties hereunder for thirty (30) consecutive days, or if, during any year of the term hereof, he/she shall have been unable or unwilling or have failed to perform his/her duties for a total period of thirty (30) days, whether consecutive or not.

OPTION TO TERMINATE ON PERMANENT DISABILITY OF CONTRACTOR. Not withstanding anything in this agreement to the contrary, Company is hereby given the option to terminate this agreement in the event that during the term hereof Contractor shall become permanently disabled, as the term “"permanently disabled” " is hereinafter fixed and defined. Such option shall be exercised by Company giving notice to Contractor by registered mail, addressed to his/her in In care of Company at the above stated address, or at such other address as Contractor shall designate in writing, of its intention to terminate this agreement on the last day of the month during which such notice is mailed. On the giving of such notice this agreement and the term hereof shall cease and come to an end on the last day of the month in which the notice is mailed, with the same force and effect as if such last day of the month were the date originally set forth as the termination date. For purposes of this agreement, Contractor shall be deemed to have become permanently disabled if, during any year of the term hereof, because of ill health, physical or mental disability, or for other causes beyond his/her control, he shall have been continuously unable or unwilling or have failed to perform his/her duties hereunder for thirty (30) consecutive days, or if, during any year of the term hereof, he/she shall have been unable or unwilling or have failed to perform his/her duties for a total period of thirty (30) days, whether consecutive or not.