Common use of Termination Due to Death, Disability or Retirement Clause in Contracts

Termination Due to Death, Disability or Retirement. Executive’s employment shall terminate automatically upon his death or Retirement. 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. In the event Executive’s employment is terminated due to his death, Disability or Retirement, Executive or his estate or his beneficiaries, as the case may be, shall be entitled to the Accrued Obligations and all Restricted Stock Awards shall be 100% vested.

Termination Due to Death, Disability or Retirement. Executive’s 's employment shall terminate automatically upon his her death or Retirement. The Company may terminate Executive’s 's employment immediately upon the occurrence of a Disability, such termination to be effective upon Executive’s 's receipt of written notice of such termination. In the event Executive’s 's employment is terminated due to his her death, Disability or Retirement, Executive or his her estate or his her beneficiaries, as the case may be, shall be entitled to the Accrued Obligations and all Restricted Stock Awards shall be 100% vested.

Termination Due to Death, Disability or Retirement. Executive’s 's employment shall terminate automatically upon his death or Retirement. The Company may terminate Executive’s 's employment immediately upon the occurrence of a Disability, such termination to be effective upon Executive’s 's receipt of written notice of such termination. In the event Executive’s 's employment is terminated due to his death, Disability or Retirement, Executive or his estate or his beneficiaries, as the case may be, shall be entitled to the Accrued Obligations and all Restricted Stock Awards shall be 100% vested.