Common use of Termination due to Executive’s Death or Disability Clause in Contracts

Termination due to Executive’s Death or Disability. In the event that this Agreement is terminated due to Executive’s death or disability (as defined below), Executive (or Executive’s legal representatives) shall be paid (i) nine (9) months’ Base Salary as severance, (ii) Base Salary through the date of termination, (iii) all Bonus payments earned through the date of termination or previously awarded and unpaid and (iv) all accrued and unused vacation and sick leave as of the date of termination. For purposes of this Agreement, the term “Disability” shall mean the mental and physical inability to perform satisfactorily Executive’s regular full time duties - with or without a reasonable accommodation - as determined by a physician chosen by mutual agreement of a physician selected by Executive and a physician selected by TCPW, provided, however, that any Disability which continues for thirty (30) days (whether or not consecutive) in any eighteen (18) month period shall be deemed a Disability.

Appears in 2 contracts

Samples: Executive Employment Agreement (Tech Power, Inc.), Executive Employment Agreement (Tech Power, Inc.)

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Termination due to Executive’s Death or Disability. In the event that this Agreement is terminated due to Executive’s 's death or disability (as defined below), Executive (or Executive’s 's legal representatives) shall be paid (i) nine (9) months' Base Salary as severance, (ii) Base Salary through the date of termination, (iii) all Bonus payments earned through the date of termination or previously awarded and unpaid and (iv) all accrued and unused vacation and sick leave as of the date of termination. For purposes of this Agreement, the term "Disability" shall mean the mental and physical inability to perform satisfactorily Executive’s 's regular full time duties - with or without a reasonable accommodation - as determined by a physician chosen by mutual agreement of a physician selected by Executive and a physician selected by TCPWUBDE, provided, however, that any Disability which continues for thirty (30) days (whether or not consecutive) in any eighteen (18) month period shall be deemed a Disability.

Appears in 1 contract

Samples: Executive Employment Agreement (Us Biodefense Inc)

Termination due to Executive’s Death or Disability. In the event that this Agreement is terminated due to Executive’s 's death or disability (as defined below), Executive (or Executive’s 's legal representatives) shall be paid (i) nine two (92) months' Base Salary as severance, (ii) Base Salary through the date of termination, (iii) all Bonus payments earned through the date of termination or previously awarded and unpaid and (iv) all accrued and unused vacation and sick leave as of the date of termination. For purposes of this Agreement, the term "Disability" shall mean the mental and physical inability to perform satisfactorily Executive’s 's regular full time duties - with or without a reasonable accommodation - as determined by a physician chosen by mutual agreement of a physician selected by Executive and a physician selected by TCPWFTSA, provided, however, that any Disability which continues for thirty (30) days (whether or not consecutive) in any eighteen (18) month period shall be deemed a Disability.

Appears in 1 contract

Samples: Employment Agreement (FTS Apparel Inc)

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Termination due to Executive’s Death or Disability. In the event that this Agreement is terminated due to Executive’s 's death or disability (as defined below), Executive (or Executive’s 's legal representatives) shall be paid (i) nine six (96) months' Base Salary as severance, (ii) Base Salary through the date of termination, (iii) all Bonus payments earned through the date of termination or previously awarded and unpaid and (iv) all accrued and unused vacation and sick leave as of the date of termination. For purposes of this Agreement, the term "Disability" shall mean the mental and physical inability to perform satisfactorily Executive’s 's regular full time duties - with or without a reasonable accommodation - as determined by a physician chosen by mutual agreement of a physician selected by Executive and a physician selected by TCPWSREP, provided, however, that any Disability which continues for thirty (30) days (whether or not consecutive) in any eighteen (18) month period shall be deemed a Disability.

Appears in 1 contract

Samples: Executive Employment Agreement (Salesrepcentral Com Inc)

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