Common use of Termination by Disability Clause in Contracts

Termination by Disability. The Company may terminate this Agreement as a result of any mental or physical disability or illness which results in (a) the Employee being unable to substantially perform his duties for a continuous period of 150 days or for periods aggregating 180 days within any period of 365 days or (b) the Employee being subject to a permanent or indefinite inability to perform essential functions based on the opinion of a qualified medical provider chosen by the Company. Termination will be effective on the date designated by the Company, and the Employee will be paid his annual Base Salary, accrued vacation, if any, and benefits as set out in Section 2.4 through the date of termination.

Appears in 9 contracts

Samples: Employment Agreement (Awaysis Capital, Inc.), Employment Agreement (Awaysis Capital, Inc.), Employment Agreement (Bionik Laboratories Corp.)

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Termination by Disability. The Company may terminate this Agreement as a result of any mental or physical disability or illness which results in (a) the Employee being unable to substantially perform his duties for a continuous period of 150 days or for periods aggregating 180 days within any period of 365 days or (b) the Employee being subject to a permanent days. Permanent or indefinite inability to perform essential functions shall be based on the opinion of a qualified medical provider chosen by the Company. Termination will be effective on the date designated by the Company, and the Employee will be paid his annual Base Salary, accrued vacation, if any, vacation and pro rata annual bonus and benefits as set out in Section 2.4 through the date of termination, and expenses incurred up to the date of termination.

Appears in 1 contract

Samples: Employment Agreement (Bionik Laboratories Corp.)

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