Common use of Termination by the Company for Death or Disability Clause in Contracts

Termination by the Company for Death or Disability. The Executive’s employment hereunder shall terminate automatically upon the death of the Executive. The Company shall have the right to terminate the Executive’s employment hereunder upon the Executive’s Disability. For purposes of this Agreement, “Disability” shall occur if by reason of any medically determinable physical or mental impairment the Executive is unable to engage in any substantial gainful activity for a period of six (6) consecutive months, such impairment can be expected to result in death or last for a continuous period of not less than twelve (12) months, the Company shall have given the Executive a written notice of intent to terminate for reasons of Disability, and, within thirty (30) days after such notice is given, the Executive shall not have returned to the full-time performance of his duties.

Appears in 3 contracts

Samples: Employment Agreement (Forestar Group Inc.), Employment Agreement (Forestar Real Estate Group LLC), Employment Agreement (Guaranty Financial Group Inc.)

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Termination by the Company for Death or Disability. The Executive’s employment hereunder shall terminate automatically upon the death of the Executive. The Company shall have the right to terminate the Executive’s employment hereunder upon the Executive’s Disability. For purposes of this Agreement, “Disability” shall occur if by reason of any medically determinable physical or mental impairment the Executive is unable to engage in any substantial gainful activity shall have been absent from the full-time performance of the Executive’s duties with the Company for a period of six (6) consecutive months, such impairment can be expected to result in death or last for a continuous period of not less than twelve (12) months, the Company shall have given the Executive a written notice of intent to terminate for reasons of Disability, and, within thirty (30) days after such notice is given, the Executive shall not have returned to the full-time performance of his duties.

Appears in 1 contract

Samples: Employment Agreement (Temple Inland Inc)

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Termination by the Company for Death or Disability. The Executive’s 's employment hereunder shall terminate automatically upon the death of the Executive. The Company shall have the right to terminate the Executive’s 's employment hereunder upon the Executive’s 's Disability. For purposes of this Agreement, "Disability" shall occur if by reason of any medically determinable physical or mental impairment the Executive is unable to engage in any substantial gainful activity for a period of six (6) consecutive months, such impairment can be expected to result in death or last for a continuous period of not less than twelve (12) months, the Company shall have given the Executive a written notice of intent to terminate for reasons of Disability, and, within thirty (30) days after such notice is given, the Executive shall not have returned to the full-time performance of his duties.

Appears in 1 contract

Samples: Employment Agreement (Temple Inland Inc)

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