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

Termination By Reason of Permanent Disability. If at any time during the Term the Employee has been unable, as a result of physical or mental illness or incapacity, to perform his duties hereunder for a period of four consecutive months or for an aggregate of more than six months in any twelve month period (a "Permanent Disability"), the Employee's employment hereunder may be terminated by the President or the Board upon thirty days' written notice to the Employee. If the Employee's employment is terminated by reason of Permanent Disability, the Employee shall be entitled to receive only the unpaid portion of the Base Salary then in effect which has accrued to the date of termination, plus any other payments generally available to departing employees of the Company (such as unused vacation and personal days), plus any bonus pursuant to Section 4 for the preceding fiscal year which has not been paid as of the date of such termination, plus an amount equal to six months of Employee's Base Salary.

Termination By Reason of Permanent Disability. If at any time during the Term the Employee has been unable, as a result of physical or mental illness or incapacity, to perform his duties hereunder for a period of four consecutive months or for an aggregate of more than six months in any twelve month period (a "Permanent Disability"), the Employee's employment hereunder may be terminated by the President or the Board upon thirty days' written notice to the Employee. If the Employee's employment is terminated by reason of Permanent Disability, the Employee shall be entitled to receive only the unpaid portion of the Base Salary then in effect which has accrued to the date of termination, plus any other payments generally available to departing employees of the Company (such as unused vacation and personal days), plus any bonus pursuant to Section 4 for the preceding fiscal year which has not been paid as of the date of such termination, plus an amount equal to six months of Employee's Base Salary.