Termination by the Company Due to Disability Sample Clauses

Termination by the Company Due to Disability. (a) If Executive becomes “Disabled” (as defined below) during the Employment Period, the Company shall have the right to terminate Executive’s employment by giving written notice of such termination to Executive, which notice shall specify the Effective Date of Termination and which Effective Date of Termination shall be no less than thirty (30) calendar days after the date of such notice. From and after the Effective Date of Termination, the Company shall have no further obligation to pay any Base Salary to Executive. In the event of such termination:
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Termination by the Company Due to Disability. The Company shall provide the Executive with at least fifteen (15) days advance written notice that it is terminating Executive's employment on account of Disability. For purposes of this Agreement, "
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Termination by the Company Due to Disability. The Company may terminate this Agreement and the Executive’s employment hereunder if the Executive becomes subject to a Disability. For purposes of this Agreement, “Disability” means a finding by the Board of the Executive’s incapacitation through any illness, injury, accident or condition of either a physical or psychological nature which has resulted in his inability to perform the essential functions of his position, even with reasonable accommodations, for one hundred and eighty (180) calendar days during any period of three hundred and sixty-five (365) consecutive calendar days, and such incapacity is expected to continue.
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Termination by the Company Due to Disability. Provided that you (or your legally authorized guardian or personal representative, on your behalf) execute a Release as soon as administratively feasible following your termination by the Company or your Employer due to Disability in accordance with the Employment Agreement, the Option Shares that are not then vested and exercisable at the date of termination shall vest 100% and be exercisable in full upon completion of the Restricted Period (or if you die prior to completion of the Restricted Period, the date of your death). Vested Option Shares vested at the date of termination shall be exercisable until the earlier of (i) the expiration date set forth in Section 1(b) of this Agreement and (ii) the date that is 12 months following the date of termination of your employment, and any unexercised Option Shares shall be forfeited for no consideration thereafter. Any outstanding Option Shares which vest upon completion of the Restricted Period shall be exercisable until the earlier of (i) the expiration date set forth in Section 1(b) of this Agreement and (ii) the date that is 90 days following such vesting date, and any such vested Option Shares which are not exercised shall be forfeited for no consideration thereafter. Any outstanding Option Shares which vest upon the date of your death shall be exercisable until the earlier of (i) the expiration date set forth in Section 1(b) of this Agreement and (ii) the date that is 12 months following the date of your death, and any such vested Option Shares which are not exercised shall be forfeited for no consideration thereafter. Notwithstanding the foregoing, if you fail to continue to comply with the non-solicitation provisions and/or non-competition provisions set forth in the Employment Agreement until the expiration of the Restricted Period (or if you die during the Restricted Period, until your date of death), all unexercised Option Shares, vested and nonvested, will be immediately forfeited for no consideration upon such non-compliance.
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Termination by the Company Due to Disability. In the event that the Company shall terminate this Agreement and Executive's employment with the Company in the event of Disability under Section 3(c) above, then the Company shall (i) pay to Executive, in addition to the amounts payable pursuant to Section 4(a) above, a pro-rated portion of the Annual Bonus, which shall be calculated as set forth in Section 4(b) above, and (ii) pay the cost to continue Executive's medical insurance coverage under the Company's health plan as provided under COBRA for 12 months following such termination, and the Company shall have no further payment obligation to Executive.
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Termination by the Company Due to Disability. The Company may terminate the Executive’s employment on account of Disability. For purposes of this Agreement, “
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Related to Termination by the Company Due to Disability

  • Termination Due to Disability If the Optionee’s employment terminates by reason of the Optionee’s disability (as determined by the Administrator), any portion of this Stock Option outstanding on such date shall become fully exercisable and may thereafter be exercised by the Optionee for a period of 12 months from the date of termination or until the Expiration Date, if earlier.

  • Termination Due to Disability or Death Executive’s employment hereunder may be terminated by the Company as follows:

  • Termination by Disability If the Executive becomes Disabled prior to the expiration of the Employment Term, the Executive’s employment will terminate, and provided that such termination constitutes a Separation from Service, the Executive shall be entitled to:

  • Termination of Employment Due to Disability If the Executive’s employment is terminated due to Disability during the Term of Employment, either by the Company or by the Executive, the Term of Employment shall end as of the date of the termination of the Executive’s employment and the Executive shall be entitled to the following:

  • Termination by Death or Disability In the event of the Executive’s death or total disability (as defined in Section 22(e)(3) of the Internal Revenue Code of 1986, as amended) during the Term, the Term and Executive’s employment shall terminate on the date of death or total disability. In the event of such termination, the Company’s sole obligations hereunder to the Executive (or the Executive’s estate) shall be for unpaid Base Salary, accrued but unpaid bonus and benefits (then owed or accrued and owed in the future), a pro-rata bonus for the year of termination based on the Executive’s target bonus for such year and the portion of such year in which the Executive was employed, and reimbursement of expenses pursuant to the terms hereon through the effective date of termination, each of which shall be paid within 10 days following the date of the Executive’s termination, and any unvested portion of any Equity Grants shall immediately be forfeited as of the termination date without any further action of the Parties.

  • Termination Due to Death or Disability Executive’s employment shall terminate automatically upon Executive’s death. The Company may terminate Executive’s employment immediately upon the occurrence of a Disability, such termination to be effective upon Executive’s receipt of written notice of such termination. Upon Executive’s death or in the event that Executive’s employment is terminated due to Executive’s Disability, Executive or Executive’s estate or Executive’s beneficiaries, as the case may be, shall be entitled to:

  • Termination Due to Death, Disability or Retirement In the event the Optionee’s employment or other service with the Company and all Subsidiaries is terminated by reason of death, Disability or Retirement, this Option will remain exercisable, to the extent exercisable as of the date of such termination, for a period of one year after such termination (but in no event after the Time of Termination).

  • Termination of Employment Due to Death, Disability, or Retirement If the Optionee’s termination of employment is due to death, Disability, or Retirement (termination on or after age 65), or if Optionee terminates employment after age 55, the following shall apply:

  • Termination by Death If the Executive dies during the Employment Term, the Executive’s employment will terminate and the Executive’s beneficiary or if none, the Executive’s estate, shall be entitled to receive from the Company, the Executive’s accrued, but unpaid, Base Salary through the date of termination of employment and any vested benefits under any Employee Plan in accordance with the terms of such Employee Plan and applicable law.

  • Termination by Virtue of Death or Disability of Executive (a) In the event of Executive’s death while employed pursuant to this Agreement, all obligations of the Parties hereunder shall terminate immediately, and the Company shall, pursuant to the Company’s standard payroll policies, pay to Executive’s legal representatives all Accrued Obligations.

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