Common use of Termination by Disability Clause in Contracts

Termination by Disability. If Executive becomes eligible for the Company’s long term disability benefits or if, in the sole opinion of the Company, Executive is unable to carry out the responsibilities and functions of the position held by Executive by reason of any physical or mental impairment for more than ninety consecutive days or more than one hundred and twenty days in any twelve-month period, then, to the extent permitted by law, the Company may terminate Executive’s employment. The Company shall pay to Executive all compensation to which Executive is entitled up through the date of termination, and thereafter all obligations of the Company under this Agreement shall cease. Nothing in this Section 4(d) shall affect Executive’s rights under any disability plan in which Executive is a participant.

Appears in 7 contracts

Samples: Executive Employment Agreement (Vape Holdings, Inc.), Executive Employment Agreement (Vape Holdings, Inc.), Executive Employment Agreement (Vape Holdings, Inc.)

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Termination by Disability. If Executive becomes eligible for the Company’s long term disability benefits or if, in the sole opinion of the Company, Executive is unable to carry out the responsibilities and functions of the position held by Executive by reason of any physical or mental impairment for more than ninety consecutive days or more than one hundred and twenty days in any twelve-month period, then, to the extent permitted by law, the Company may terminate Executive’s employment. The Company shall pay to Executive all compensation to which Executive is entitled up through the date of termination, and thereafter all obligations of the Company under this Agreement shall cease. Nothing in this Section 4(d4(g) shall affect Executive’s rights under any disability plan in which Executive is a participant.

Appears in 1 contract

Samples: Executive Employment Agreement (Game Plan Holdings, Inc.)

Termination by Disability. If Executive becomes eligible for the Company’s long long-term disability benefits benefits, if any, or if, in the sole opinion of the Company, if Executive is unable to carry out the responsibilities and functions of the position held by Executive by reason of any physical or mental impairment for more than ninety (90) consecutive days or more than one hundred and twenty (120) days in any twelve-month periodtwelve (12)-month period (“Disability”), then, to the extent permitted by law, the Company may terminate Executive’s employment. The Company shall pay to Executive all compensation to which Executive is entitled up through the date of termination, and thereafter all obligations of the Company under this Agreement shall cease. Nothing in this Section 4(d4(e) shall affect Executive’s rights under any disability plan in which Executive is a participant.

Appears in 1 contract

Samples: Executive Employment Agreement (Arch Therapeutics, Inc.)

Termination by Disability. If Executive becomes eligible for the Company’s 's long term disability benefits or if, in the sole opinion of the Company, Executive is unable to carry out the responsibilities and functions of the position held by Executive by reason of any physical or mental impairment for more than ninety consecutive days or more than one hundred and twenty days in any twelve-month period, then, to the extent permitted by law, the Company may terminate Executive’s 's employment. The Company shall pay to Executive all compensation to which Executive is entitled up through the date of termination, and thereafter all obligations of the Company under this Agreement shall cease. Nothing in this Section 4(d) shall affect Executive’s 's rights under any disability plan in which Executive is a participant.

Appears in 1 contract

Samples: Executive Employment Agreement (Vape Holdings, Inc.)

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Termination by Disability. If Executive becomes eligible for the Company’s long long-term disability benefits benefits, if any, or if, in the sole opinion of the Company, if Executive is unable to carry out the responsibilities and functions of the position held by Executive by reason of any physical or mental impairment for more than ninety (90) consecutive days or more than one hundred and twenty (120) days in any twelve-month periodtwelve (12)-month period (“Disabilty”), then, to the extent permitted by law, the Company may terminate Executive’s employment. The Company shall pay to Executive all compensation to which Executive is entitled up through the date of termination, and thereafter all obligations of the Company under this Agreement shall cease. Nothing in this Section 4(d4(e) shall affect Executive’s rights under any disability plan in which Executive is a participant.

Appears in 1 contract

Samples: Executive Employment Agreement (Arch Therapeutics, Inc.)

Termination by Disability. If Executive becomes eligible for the Company’s long long-term disability benefits benefits, if any, or if, in the sole opinion of the Company, if Executive is unable to carry out the responsibilities and functions of the position held by Executive by reason of any physical or mental impairment for more than ninety (90) consecutive days or more than one hundred and twenty (120) days in any twelve-month periodtwelve (12)-month period (“Disability”), then, to the extent permitted by law, the Company may terminate Executive’s employment. The Company shall pay to Executive all compensation to which Executive is entitled up through the date of termination, and thereafter all obligations of the Company under this Agreement shall cease. Nothing in this Section 4(d) paragraph shall affect Executive’s rights under any disability plan in which Executive is a participant.

Appears in 1 contract

Samples: Employment Agreement (Arch Therapeutics, Inc.)

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