Common use of Termination by Death or Disability Clause in Contracts

Termination by Death or Disability. This Agreement shall terminate automatically upon the Executive's death. If the Company determines in good faith that the Executive has a "total disability" (within the meaning of such term or of a similar term as defined in the Company's long-term disability plan as in effect from time to time), the Company may terminate his employment under this Agreement by notifying the Executive thereof at least thirty (30) days before the effective date of such termination.

Appears in 6 contracts

Samples: Employment Agreement (Forster Drilling Corp), Employment Agreement (Cybertel Capital Corp), Employment Agreement (Cybertel Communications Corp)

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Termination by Death or Disability. This Agreement shall terminate ---------------------------------- automatically upon the Executive's death. If the Company Corporation determines in good faith that the Executive has a "total disability" (within the meaning of such term or of a similar term as defined in the CompanyCorporation's long-term disability plan as in effect from time to time), the Company Corporation may terminate his employment under this Agreement by notifying the Executive thereof at least thirty (30) days before the effective date of such termination.

Appears in 4 contracts

Samples: Employment Agreement (Wit Capital Group Inc), Employment Agreement (Wit Capital Group Inc), Employment Agreement (Wit Capital Group Inc)

Termination by Death or Disability. This Agreement shall terminate automatically upon the Executive's death. If the Company Corporation determines in good faith that the Executive has a "total disability" (within the meaning of such term or of a similar term as defined in the CompanyCorporation's long-term disability plan as in effect from time to time), the Company Corporation may terminate his employment under this Agreement by notifying the Executive thereof at least thirty (30) days before the effective date of such termination.

Appears in 4 contracts

Samples: Employment Agreement (Wit Capital Group Inc), Employment Agreement (Wit Capital Group Inc), Employment Agreement (Wit Capital Group Inc)

Termination by Death or Disability. This Agreement shall terminate automatically upon the Executive's death. If the Company determines in good faith that the Executive has a "total disability" (within the meaning of such term or of a similar term as defined in the Company's long-term disability plan as in effect from time to time), the Company may terminate his employment Employment under this Agreement by notifying the Executive thereof at least thirty (30) days before the effective date of such termination.

Appears in 3 contracts

Samples: Employment Agreement (Process Technology Systems Inc), Employment Agreement (Process Technology Systems Inc), Employment Agreement (Process Technology Systems Inc)

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Termination by Death or Disability. This Agreement shall terminate automatically upon the Executive's death. If the Company Corporation determines in good faith that the Executive has a "total disability" (within the meaning of such term or of a similar term as defined in the CompanyCorporation's long-term disability plan as in effect from time to time), the Company Corporation may terminate his employment under this Agreement by notifying the Executive thereof at least thirty (30) days before the effective date of such termination. Notwithstanding anything to the contrary contained in any other agreement, if this Agreement is terminated by death or disability, the unvested options held by Employee on the Effective Time of the Merger shall be fully vested on such termination.

Appears in 2 contracts

Samples: Employment Agreement (Wit Capital Group Inc), Employment Agreement (Wit Capital Group Inc)

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