Common use of Termination By Reason of Permanent Disability Clause in Contracts

Termination By Reason of Permanent Disability. If, during the Executive's employment with the Company the Executive becomes Permanently Disabled, the Company shall have the right, on not less than three months' written notice to the Executive, or payment in lieu of such notice, to terminate the Executive's employment. In the event that the Executive's employment is terminated on account of permanent disability, the Executive shall continue to be eligible for long-term disability benefits in accordance with the provision of the long-term disability policy then in effect. With this exception, the Executive shall not be entitled to receive any further compensation or benefits pursuant to this Agreement other than those accrued to the date of the Executive's termination hereunder.

Termination By Reason of Permanent Disability. If, during the Executive's employment with the Company the Executive becomes Permanently Disabled, the Company shall have the right, on not less than three months' written notice to the Executive, or payment in lieu of such notice, to terminate the Executive's employment. In the event that the Executive's employment is terminated on account of permanent disability, the Executive shall continue to be eligible for long-term disability benefits in accordance with the provision of the long-term disability policy then in effect. With this exception, the Executive shall not be entitled to receive any further compensation or benefits pursuant to this Agreement other than those accrued to the 5 -122- date of the Executive's termination hereunder.

Termination By Reason of Permanent Disability. If, during the Executive's 5 -95- employment with the Company the Executive becomes Permanently Disabled, the Company shall have the right, on not less than three months' written notice to the Executive, or payment in lieu of such notice, to terminate the Executive's employment. In the event that the Executive's employment is terminated on account of permanent disability, the Executive shall continue to be eligible for long-term disability benefits in accordance with the provision of the long-term disability policy then in effect. With this exception, the Executive shall not be entitled to receive any further compensation or benefits pursuant to this Agreement other than those accrued to the date of the Executive's termination hereunder.

Termination By Reason of Permanent Disability. If, during the Executive's employment with the Company the Executive becomes Permanently Disabled, the Company shall have the right, on not less than three months' written notice to the Executive, or payment in lieu of such notice, to terminate the Executive's employment. In the event that the Executive's employment is terminated on account of permanent disability, the Executive shall continue to be eligible for long-term disability benefits in accordance with the provision of the long-term disability policy then in effect. With this exception, the Executive shall not be entitled to receive any further compensation or benefits pursuant to this Agreement other than those accrued to the 5 -113- date of the Executive's termination hereunder.