Common use of Termination by Death or Disability of the Executive Clause in Contracts

Termination by Death or Disability of the Executive. (a) In the event of the Executive's death during the term of this Agreement, all obligations of the parties hereunder shall terminate immediately, and the Company shall pay to the Executive's beneficiary or estate, the salary and other compensation due the Executive through the day on which his death shall have occurred. (b) If the Executive is unable to perform his duties hereunder due to mental, physical or other disability for a period of 90 consecutive business days, as determined by the Company, or for 90 business days in any period of 12 consecutive months, this Agreement may be terminated by the Company, at its option, by written notice to the Executive, effective on the termination date specified in such notice, provided such termination date shall not be a date prior to the date of the notice of termination itself. In this case, the Company will pay the Executive the salary and other compensation due him through the day on which such termination is effective.

Termination by Death or Disability of the Executive. (a) 3.1 In the event of the Executive's death during the term of this Agreement, all obligations of the parties hereunder shall terminate immediately, and the Company shall pay to the Executive's beneficiary or estate, the salary and other compensation due the Executive through the day on which his death shall have occurredoccurred plus one month of salary continuation. (b) 3.2 If the Executive is unable to perform his duties hereunder due to mental, physical or other disability for a period of 90 180 consecutive business days, as determined by the Company, or for 90 business 180 days in any period of 12 consecutive months, this Agreement may be terminated by the Company, at its option, by written notice to the Executive, effective on the termination date specified in such notice, provided such termination date shall not be a date prior to the date of the notice of termination itself. In this case, the Company will pay the Executive the salary and other compensation due him through the day on which such termination is effective.

Termination by Death or Disability of the Executive. (a) 3.1 In the event of the Executive's death during the term of this Agreement, all obligations of the parties hereunder shall terminate immediately, and the Company shall pay to the Executive's beneficiary or estate, the salary and other compensation due the Executive through the day on which his death shall have occurredoccurred plus one month of salary continuation. (b) 3.2 If the Executive is unable to perform his duties hereunder due to mental, physical or other disability for a period of 90 180 consecutive business calendar days, as determined by the Company, or for 90 business 180 days in any period of 12 consecutive months, this Agreement may be terminated by the Company, at its option, by written notice to the Executive, effective on the termination date specified in such notice, provided such termination date shall not be a date prior to the date of the notice of termination itself. In this case, the Company will pay the Executive the salary and other compensation due him through the day on which such termination is effective.