Common use of Termination by Reason of Death or Disability Clause in Contracts

Termination by Reason of Death or Disability. The Executive’s employment will automatically terminate upon the death or Disability of the Executive. For purposes of this Section 2(d), the term “Disability” shall mean the inability or failure of the Executive to perform the essential functions of his position of employment with the Company with or without reasonable accommodation as a result of a mental or physical disability for a total of ninety (90) or more days (whether or not consecutive) during any twelve (12) months, all as determined in good faith by a majority of the disinterested members of the Board of Directors; provided, however, if the Company maintains a policy insuring against the disability of Executive, then “Disability” shall have the same meaning as in such policy.

Appears in 4 contracts

Samples: Employment Agreement (Establishment Labs Holdings Inc.), Employment Agreement (Establishment Labs Holdings Inc.), Employment Agreement (Establishment Labs Holdings Inc.)

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Termination by Reason of Death or Disability. The Executive’s 's employment will automatically terminate upon the death or Disability of the Executive. For purposes of this Section 2(d), the term “Disability” shall mean the inability or failure of the Executive to perform the essential functions of his position of employment with the Company with or without reasonable accommodation as a result of a mental or physical disability for a total of ninety (90) or more days (whether or not consecutive) during any twelve (12) months, all as determined in good faith by a majority of the disinterested members of the Board of Directors; provided, however, if the Company maintains a policy insuring against the disability of Executive, then “Disability” shall have the same meaning as in such policy.

Appears in 4 contracts

Samples: Employment Agreement (Establishment Labs Holdings Inc.), Employment Agreement (Establishment Labs Holdings Inc.), Employment Agreement (Establishment Labs Holdings Inc.)

Termination by Reason of Death or Disability. The Executive’s employment will automatically terminate upon the death or of the Executive. The Company may terminate the employment immediately upon written notice to the Executive upon the Disability of the Executive. For purposes of this Section 2(d), the term “Disability” shall mean ) Disability the inability or failure of the Executive to perform the essential functions of his position of employment with the Company with or without reasonable accommodation as a result of a mental or physical disability for a total of ninety (90) or more days (whether or not consecutive) during any twelve (12) months, all as determined in good faith by a majority of the disinterested members of the Board of Directors; provided, however, if the Company or a member of the Company Group maintains a policy insuring against the disability of Executive, then “Disability” shall have the same meaning as in such policy.

Appears in 1 contract

Samples: Employment Agreement (Establishment Labs Holdings Inc.)

Termination by Reason of Death or Disability. The Executive’s employment will automatically terminate upon the death or of the Executive. The Company may terminate the Executive’s employment immediately upon written notice to the Executive upon the Disability of the Executive. For purposes of this Section 2(d), the term “Disability” shall mean the inability or failure of the Executive to perform the essential functions of his position of employment with the Company with or without reasonable accommodation as a result of a mental or physical disability for a total of ninety (90) or more days (whether or not consecutive) during any twelve (12) months, all as determined in good faith by a majority of the disinterested members of the Board of Directors; provided, however, if the Company or a member of the Company Group maintains a policy insuring against the disability of Executive, then “Disability” shall have the same meaning as in such policy.

Appears in 1 contract

Samples: Employment Agreement (Establishment Labs Holdings Inc.)

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Termination by Reason of Death or Disability. The Executive’s employment will automatically terminate upon the death or Disability of the Executive. For purposes of this Section 2(d), the term “Disability” shall mean the inability or failure of the Executive to perform the essential functions of his her position of employment with the Company with or without reasonable accommodation as a result of a mental or physical disability for a total of ninety (90) or more days (whether or not consecutive) during any twelve (12) months, all as determined in good faith by a majority of the disinterested members of the Board of Directors; provided, however, if the Company maintains a policy insuring against the disability of Executive, then “Disability” shall have the same meaning as in such policy.

Appears in 1 contract

Samples: Employment Agreement (Establishment Labs Holdings Inc.)

Termination by Reason of Death or Disability. The Executive’s employment will automatically terminate upon the death or of the Executive. The Company may terminate the Executive’s employment immediately upon written notice to the Executive upon the Disability of the Executive. For purposes of this Section 2(d), the term “Disability” shall mean the inability or failure of the Executive to perform the essential functions of his position of employment with the Company with or without reasonable accommodation as a result of a mental or physical disability for a total of ninety (90) or more days (whether or not consecutive) during any twelve (12) months, all as determined in good faith by a majority of the disinterested members of the Board of Directors; provided, however, if the Company maintains a policy insuring against the disability of Executive, then “Disability” shall have the same meaning as in such policy.

Appears in 1 contract

Samples: Employment Agreement (Establishment Labs Holdings Inc.)

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