Common use of Termination by the Company Due to Disability Clause in Contracts

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:

Appears in 4 contracts

Samples: Employment Agreement (Mills Corp), Employment Agreement (Mills Limited Partnership), Employment Agreement (Mills Corp)

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Termination by the Company Due to Disability. (a) If the Executive becomes “Disabled” (incurs a Disability, as defined in Section 6.2(b) below) during the Employment Period, the Company shall have may terminate the right to terminate Executive’s employment by giving the Executive 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 at least 30 days after before 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 Executivetermination. In the event of such termination:termination of the Executive’s employment because of Disability the Executive shall be entitled to receive (i) the Accrued Benefits, and (ii) the Executive’s rights in respect of the Equity Incentives shall be as set forth in the Equity Incentive Agreements.

Appears in 3 contracts

Samples: Employment Agreement (Magellan Petroleum Corp /De/), Employment Agreement (Magellan Petroleum Corp /De/), Employment Agreement (Magellan Petroleum Corp /De/)

Termination by the Company Due to Disability. (a) If the Executive becomes “Disabled” (incurs a Disability, as defined in Section 6.2(b) below) during the Employment Period, the Company shall have may terminate the right to terminate Executive’s employment by giving the Executive 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 at least 30 days after before the date of such notice. From and after termination (or such lesser notice period as the Effective Date of Termination, the Company shall have no further obligation to pay any Base Salary to ExecutiveExecutive may agree to). In the event of such terminationtermination of the Executive’s employment because of Disability, the Executive shall be entitled to receive the following benefits:

Appears in 2 contracts

Samples: Employment Agreement (Magellan Petroleum Corp /De/), Employment Agreement (Magellan Petroleum Corp /De/)

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 Executiveemployment, which notice termination shall specify the Effective Date of Termination and which Effective Date of Termination shall be no become effective upon a date not less than thirty (30) calendar days after following the date that written notice of such noticetermination is given to Executive. From and after the Effective Date effective date of Terminationsuch termination, the Company shall have no further obligation to pay any Base Salary to Executive. In Notwithstanding the foregoing, in the event of such termination:

Appears in 1 contract

Samples: Employment Agreement (Mills Corp)

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Termination by the Company Due to Disability. (a) If the Executive becomes “Disabled” (incurs a Disability, as defined in Section 6.2(b) below) during the Employment Period, the Company shall have may terminate the right to terminate Executive’s employment by giving the Executive 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 at least 30 days after before the date of such notice. From and after termination (or such lesser notice period as the Effective Date of Termination, the Company shall have no further obligation to pay any Base Salary to ExecutiveExecutive may agree to). In the event of such termination:termination of the Executive’s employment because of Disability, the Executive shall be entitled to receive the following benefits: (i) The Salary Benefit; (ii)

Appears in 1 contract

Samples: Employment Agreement (Magellan Petroleum Corp /De/)

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