Common use of Termination by Company for Death or Disability Clause in Contracts

Termination by Company for Death or Disability. Executive’s employment pursuant to this Agreement shall be deemed terminated by Company without Cause (i) upon the death of the Executive, or (ii) upon the Executive becoming totally disabled. For purposes of this Agreement, the term “totally disabled” means (a) an inability of Executive, due to a physical or mental illness, injury or impairment, to perform a substantial portion of Executive’s duties for a period of one hundred eighty (180) or more consecutive days, as determined by the Company, or (b) receipt by Executive of long term disability benefits under any group disability policy provided through the Company.

Termination by Company for Death or Disability. Executive’s employment pursuant to this Agreement shall be deemed immediately terminated without notice by the Company without Cause (i) upon the death of the Executive, Executive or (ii) upon the Executive becoming totally disabled. For purposes of this Agreement, the term “totally disabled” means (a) an inability of Executive, due to a physical or mental illness, injury or impairment, to perform a substantial portion of Executive’s his duties for a period of one hundred eighty (180) or more consecutive days, as determined by the Company, or (b) receipt by Executive ’s Board of long term disability benefits under any group disability policy provided through the CompanyDirectors.