Common use of Termination Due to Permanent Disability Clause in Contracts

Termination Due to Permanent Disability. If the Executive becomes permanently disabled because of sickness, physical or mental disability, or any other reason, and is unable to perform or complete his duties under this Agreement for a period anticipated to extend for a period of at least one hundred eighty (180) consecutive calendar days (or such other length of time that is equal to any applicable elimination period provided for in an LTD insurance policy), the Corporation shall have the option to terminate this Agreement by giving written notice of termination to the Executive. Such termination shall be without prejudice to any right the Executive may have under the LTD insurance program maintained by the Corporation. Such disability shall be certified by the Corporation's group LTD carrier, in conjunction with the Executive's supplemental LTD carrier if such supplemental policy is in effect; in the event these carriers cannot agree, they shall designate a licensed physician whose decision shall be binding for purposes of this Agreement.

Termination Due to Permanent Disability. If the Executive becomes permanently disabled because of sickness, physical or mental disability, or any other reason, and is unable to perform or complete his duties under this Agreement for a period anticipated anti- cipated to extend for a period of at least one hundred eighty (180) consecutive 180)consecutive calendar days (or such other length of time that is equal to any applicable elimination period provided for in an LTD insurance policy), the Corporation shall have the option to terminate this Agreement by giving written notice of termination to the Executive. Such termination shall be without prejudice to any right the Executive may have under the LTD insurance program maintained by the Corporation. Such disability shall be certified by the Corporation's group LTD carrier, in conjunction with the Executive's supplemental LTD carrier if such supplemental policy is in effect; in the event these carriers cannot agree, they shall designate a licensed physician whose decision shall be binding for purposes of this Agreement.

Termination Due to Permanent Disability. If the Executive becomes permanently disabled because of sickness, physical or mental disability, or any other reason, and is unable to perform or complete his duties under this Agreement for a period anticipated to extend for a period of at least one hundred eighty (180) consecutive calendar days (or such other length of time that is equal to any applicable elimination period provided for in an LTD insurance policy), the Corporation Employer shall have the option to terminate this Agreement by giving written notice of termination to the Executive. Such termination shall be without prejudice to any right the Executive may have under the LTD insurance program maintained by the CorporationEmployer. Such disability shall be certified by the CorporationEmployer 's group LTD carrier, in conjunction with the Executive's supplemental LTD carrier if such supplemental policy is in effect; in the event these carriers cannot agree, they shall designate a licensed physician whose decision shall be binding for purposes of this Agreement.