Common use of Permanent Disability Clause in Contracts

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's job by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months.

Appears in 11 contracts

Samples: 2000 Non Qualified Stock Option Agreement (Amphenol Corp /De/), Non Qualified Stock Option Agreement (Amphenol Corp /De/), Non Qualified Stock Option Agreement (Corning Consumer Products Co)

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Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's job his employment by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months, as reasonably determined by the Board of Directors in good faith and in its discretion.

Appears in 8 contracts

Samples: Non Qualified Share Option Agreement (Avago Technologies Manufacturing (Singapore) Pte. Ltd.), Non Qualified Share Option Agreement (Avago Technologies LTD), Non Qualified Share Option Agreement (Avago Technologies LTD)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if Optionee meets the requirements of the definition of such term, or of an equivalent term, as defined in the Company’s or Subsidiary’s long-term disability plan applicable to Optionee or, if no such plan is applicable, in the event Optionee is unable to engage in the activities required by the Optionee's job by reason of any medically determined physical or mental impairment which can be expected illness or other similar disability, to result in death or which has lasted or can be expected to last perform the material duties and responsibilities of his job for a continuous period of not less than 12 months180 consecutive business days out of 270 business days.

Appears in 5 contracts

Samples: Share Purchase and Option Agreement (Willis Group Holdings PLC), Share Purchase and Option Agreement (Willis Group Holdings PLC), Option Agreement (Willis Group Holdings PLC)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's ’s job by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Amphenol Corp /De/), Non Qualified Stock Option Agreement (Amphenol Corp /De/), Non Qualified Stock Option Grant Agreement (Amphenol Corp /De/)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee meets the requirements of the definition of such term, or of an equivalent term, as defined in the Company’s or Subsidiary’s long-term disability plan applicable to the Optionee or, if no such plan is applicable, in the event the Optionee is unable to engage in the activities required by the Optionee's job by reason of any medically determined physical or mental impairment which can be expected illness or other similar disability, to result in death or which has lasted or can be expected to last perform the material duties and responsibilities of his job for a continuous period of not less than 12 months180 consecutive business days out of 270 business days.

Appears in 4 contracts

Samples: Share Option Award Agreement (Willis Group Holdings PLC), Share Option Award Agreement (Willis Group Holdings PLC), Share Purchase and Option Plan (Willis Group Holdings PLC)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's ’s job by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 twelve (12) months.

Appears in 3 contracts

Samples: Employee Stockholder's Agreement (Bristol West Holdings Inc), Employee Stockholder's Agreement (Bristol West Holdings Inc), Employee Stockholder's Agreement (Bristol West Holdings Inc)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's job by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months, or if the majority of the Board of Directors of the Company shall, in good faith, determine the Optionee is permanently disabled.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Spalding Holdings Corp), Non Qualified Stock Option Agreement (Evenflo Co Inc), Non Qualified Stock Option Agreement (Evenflo Co Inc)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's job employment by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months, as reasonably determined by the Board of Directors of the Company in good faith and in its discretion.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Accuride Corp), Non Qualified Stock Option Agreement (Accuride Corp)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's job position by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can reasonably be expected to last for a continuous period of not less than 12 months.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Kindercare Learning Centers Inc /De), Non Qualified Stock Option Agreement (Kindercare Learning Centers Inc /De)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's job his employment by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months, as reasonably determined by the Board of Directors of the Company in good faith and in its discretion.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Alliance Imaging Inc /De/)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's job by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months, as reasonably determined by the Board of Directors of the Company in good faith and in its discretion.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Merit Behavioral Care Corp)

Permanent Disability. The Optionee shall be deemed to have a ------------ --------------------- "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's job by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months, or if the majority of the Board of Directors of the Company shall, in good faith, determine the Optionee is permanently disabled.

Appears in 1 contract

Samples: Management Stockholder's Agreement (Borden Chemical Inc)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's job position on the Board of Directors of the Company by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Randalls Food Markets Inc)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's job by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months.. Commission File No. 0-6544

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Brunos Inc)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by his employment or other service to the Optionee's job Company or its Subsidiary by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months, as reasonably determined by the Board of Directors of the Company in good faith and in its discretion.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Alliance Imaging Inc /De/)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's ’s job by reason of any medically determined physical or mental impairment which can be expected to result in death within a period of 12 months or which has lasted or can be expected to last for a continuous period of not less than 12 months.

Appears in 1 contract

Samples: 2009 Non Qualified Stock Option Grant Agreement (Amphenol Corp /De/)

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Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's job by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (KMC Telecom Holdings Inc)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's job his employment or other service by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months, as reasonably determined by the Committee in good faith and in its discretion.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Alliance HealthCare Services, Inc)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's job his employment by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months, as reasonably determined by the Board of Directors of the Company in good faith and in its discretion.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Alliance Imaging Inc /De/)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if Optionee meets the requirements of the definition of such term, or of an equivalent term, as defined in the Company's or Subsidiary's long-term disability plan applicable to Optionee or, if no such plan is applicable, in the event Optionee is unable to engage in the activities required by the Optionee's job by reason of any medically determined physical or mental impairment which can be expected illness or other similar disability, to result in death or which has lasted or can be expected to last perform the material duties and responsibilities of his job for a continuous period of not less than 12 months180 consecutive business days out of 270 business days.

Appears in 1 contract

Samples: Option Agreement (Willis Group Holdings LTD)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's job his employment or other service by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months, as reasonably determined by the Committee in good faith and in its discretion.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Alliance HealthCare Services, Inc)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's job his employment by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months, as reasonably determined by the Board of Directors in good faith and in its discretion. Section 1. 5 — Plan

Appears in 1 contract

Samples: Non Qualified Share Option Agreement (Avago Technologies Manufacturing (Singapore) Pte. Ltd.)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's job by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 monthsmonths (in each case, as determined in good faith by a majority of the Board of Directors of the Company, which determination shall be conclusive).

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Keebler Foods Co)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if the Optionee is unable to engage in the activities required by the Optionee's job by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 twelve (12) months.

Appears in 1 contract

Samples: Employee Stockholder's Agreement (Bristol West Holdings Inc)

Permanent Disability. The Optionee shall be deemed to have a "Permanent Disability" if when the majority of the Board of Directors of the Company shall, in good faith, determine that the Optionee is unable to engage in the activities required by the Optionee's job position by reason of any medically determined physical or mental impairment which can be expected to result in death or which has lasted or can reasonably be expected to last for a continuous period of not less than 12 months.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Kindercare Learning Centers Inc /De)

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