Common use of Termination for Disability Clause in Contracts

Termination for Disability. If, during the Employment Period, as a result of the Executive’s disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s duties hereunder on a full-time basis for a period of six consecutive months and, within 30 days after the Company notifies the Executive in writing that it intends to terminate the Executive’s employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s duties hereunder on a full-time basis, the Company may terminate the Executive’s employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 13. If the Executive’s employment is terminated on account of the Executive’s disability in accordance with this Section, the Executive shall receive Accrued Benefits through the Termination Date and shall remain eligible for all benefits provided by any long term disability programs of the Employer in effect at the time of such termination.

Appears in 17 contracts

Samples: Key Executive Employment and Severance Agreement (nVent Electric PLC), Change in Control Employment and Severance Agreement (Mayville Engineering Company, Inc.), Key Executive Employment and Severance Agreement (PENTAIR PLC)

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Termination for Disability. If, during the Employment Period, as a result of the Executive’s disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s duties hereunder on a full-time basis for a period of six twelve (12) consecutive months and, within 30 thirty (30) days after the Company notifies the Executive in writing that it intends to terminate the Executive’s employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s duties hereunder on a substantially full-time basis, the Company may terminate the Executive’s employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 1313 hereof. If In the event the Executive’s employment is terminated on account of the Executive’s disability in accordance with this Section, the Executive shall receive Accrued Benefits through the Termination Date in accordance with Section 9(a) hereof and shall remain eligible for all benefits provided by any long term disability programs of the Employer Company in effect at the time of such termination.

Appears in 13 contracts

Samples: Key Executive Employment and Severance Agreement (Bucyrus International Inc), Key Executive Employment and Severance Agreement (Bucyrus International Inc), Key Executive Employment and Severance Agreement (Bucyrus International Inc)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s duties hereunder on a full-time basis for a period of six consecutive months and, within 30 thirty days after the Company notifies the Executive in writing that it intends to terminate the Executive’s employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s duties hereunder on a full-time basis, the Company may terminate the Executive’s employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 13. If the Executive’s employment is terminated on account of the Executive’s disability in accordance with this Section, the Executive shall receive Accrued Benefits through the Termination Date and shall remain eligible for all benefits provided by any long term disability programs of the Employer Company in effect at the time of such termination.

Appears in 12 contracts

Samples: Executive Employment and Severance Agreement (Regal Beloit Corp), Executive Employment and Severance Agreement (Regal Beloit Corp), Executive Employment and Severance Agreement (Regal Beloit Corp)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s 's disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s 's duties hereunder on a full-time basis for a period of six consecutive months 182 days and, within 30 thirty days after the Company notifies the Executive in writing that it intends to terminate the Executive’s 's employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s 's duties hereunder on a full-time basis, then the Company may terminate the Executive’s 's employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 13Termination. If the Executive’s 's employment is terminated on account of the Executive’s 's disability in accordance with this Section, then the Executive shall receive Accrued Benefits through the Termination Date in accordance with Section 8(a) and shall remain eligible for all benefits provided by any long term disability programs of the Employer in effect at the time the Company sends notice to the Executive of such terminationits intent to terminate pursuant to this Section.

Appears in 11 contracts

Samples: Executive Employment and Severance Agreement (Hein Werner Corp), Executive Employment and Severance Agreement (State Financial Services Corp), Key Executive Employment and Severance Agreement (Hein Werner Corp)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-relatedjob‑related), the Executive shall have been absent from the Executive’s duties hereunder on a full-time full‑time basis for a period of six consecutive months 182 days and, within 30 thirty days after the Company notifies the Executive in writing that it intends to terminate the Executive’s employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s duties hereunder on a full-time full‑time basis, then the Company may terminate the Executive’s employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 13Termination. If the Executive’s employment is terminated on account of the Executive’s disability in accordance with this Section, then the Executive shall receive Accrued Benefits through the Termination Date in accordance with Section 8(a) and shall remain eligible for all benefits provided by any long term disability programs of the Employer in effect with respect to the Executive at the time the Company sends notice to the Executive of such terminationits intent to terminate pursuant to this Section.

Appears in 6 contracts

Samples: Key Executive Employment and Severance Agreement (Badger Meter Inc), Key Executive Employment and Severance Agreement (Badger Meter Inc), Key Executive Employment and Severance Agreement (Badger Meter Inc)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s duties hereunder on a full-time basis for a period of six consecutive months and, within 30 days after the Company Employer notifies the Executive in writing that it intends to terminate the Executive’s employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s duties hereunder on a full-time basis, the Company Employer may terminate the Executive’s employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 13. If the Executive’s employment is terminated on account of the Executive’s disability in accordance with this Section, the Executive shall receive Accrued Benefits through the Termination Date and shall remain eligible for all benefits provided by any long term disability programs of the Employer in effect at the time of such termination.

Appears in 6 contracts

Samples: Employment Agreement (Anchor Bancorp Wisconsin Inc), Key Executive Employment and Severance Agreement (Anchor Bancorp Wisconsin Inc), Key Executive Employment and Severance Agreement (Anchor Bancorp Wisconsin Inc)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s 's disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s 's duties hereunder on a full-time basis for a period of six consecutive months and, within 30 thirty days after the Company notifies the Executive in writing that it intends to terminate the Executive’s 's employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s 's duties hereunder on a full-time basis, the Company may terminate the Executive’s 's employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 13. If the Executive’s 's employment is terminated on account of the Executive’s 's disability in accordance with this Section, the Executive shall receive Accrued Benefits through the Termination Date and shall remain eligible for all benefits provided by any long term disability programs of the Employer Company in effect at the time of such termination.

Appears in 6 contracts

Samples: Key Executive Employment and Severance Agreement (Pentair Inc), Key Executive Employment and Severance Agreement (Pentair Inc), Key Executive Employment and Severance Agreement (Pentair Inc)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s duties hereunder on a full-time basis for a period of six consecutive months and, within 30 thirty days after the Company notifies the Executive in writing that it intends to terminate the Executive’s employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s duties hereunder on a full-time basis, then the Company may terminate the Executive’s employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 13Termination. If the Executive’s employment is terminated on account of the Executive’s disability in accordance with this SectionSection 11, then the Executive shall receive Accrued Benefits through the Termination Date and shall remain eligible for all benefits provided by any long term disability programs of the Employer Company in effect at the time the Company sends notice to the Executive of such terminationits intent to terminate pursuant to this Section.

Appears in 6 contracts

Samples: Key Executive Employment and Severance Agreement (Oshkosh Corp), Key Executive Employment and Severance Agreement (Oshkosh Corp), Key Executive Employment and Severance Agreement (Oshkosh Corp)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s 's disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s 's duties hereunder on a full-time basis for a period of six consecutive months 180 days during any 194-day period and, within 30 thirty days after the Company notifies the Executive in writing that it intends to terminate the Executive’s 's employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s 's duties hereunder on a full-time basis, the Company may terminate the Executive’s 's employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 1314 hereof. If the Executive’s 's employment is terminated on account of the Executive’s 's disability in accordance with this Section, the Executive shall receive Accrued Benefits through the Termination Date in accordance with Section 9(a) hereof and shall remain eligible for all benefits provided by any long term disability programs of the Employer Company in effect at the time of such termination.

Appears in 5 contracts

Samples: Executive Employment and Severance Agreement (Banta Corp), Key Executive Employment and Severance Agreement (Banta Corp), Key Executive Employment and Severance Agreement (Banta Corp)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s 's disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s 's duties hereunder on a full-time basis for a period of six consecutive months and, within 30 thirty days after the Company notifies the Executive in writing that it intends to terminate the Executive’s 's employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s 's duties hereunder on a full-time basis, the Company may terminate the Executive’s 's employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 1313 hereof. If the Executive’s 's employment is terminated on account of the Executive’s 's disability in accordance with this Section, the Executive shall receive Accrued Benefits through the Termination Date in accordance with Subsection 9(a) hereof and shall remain eligible for all benefits provided by any long term disability programs of the Employer Company in effect at the time of such termination.

Appears in 4 contracts

Samples: Key Executive Employment and Severance Agreement (Wisconsin Power & Light Co), Key Executive Employment and Severance Agreement (Wisconsin Power & Light Co), Key Executive Employment and Severance Agreement (Mgic Investment Corp)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s duties hereunder on a full-time basis for a period of six consecutive months 182 days and, within 30 thirty days after the Company notifies the Executive in writing that it intends to terminate the Executive’s employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s duties hereunder on a full-time basis, then the Company may terminate the Executive’s employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 13Termination. If the Executive’s employment is terminated on account of the Executive’s disability in accordance with this Section, then the Executive shall receive Accrued Benefits through the Termination Date and shall remain eligible for all benefits provided by any long term disability programs of the Employer Company in effect at the time the Company sends notice to the Executive of such terminationits intent to terminate pursuant to this Section.

Appears in 3 contracts

Samples: Key Executive Employment and Severance Agreement (Midwest Air Group Inc), Key Executive Employment and Severance Agreement (Midwest Express Holdings Inc), Key Executive Employment and Severance Agreement (Midwest Express Holdings Inc)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s duties hereunder on a full-time basis for a period of six consecutive months and, within 30 thirty days after the Company notifies the Executive in writing that it intends to terminate the Executive’s employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s duties hereunder on a full-time basis, then the Company may terminate the Executive’s employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 13Termination. If the Executive’s employment is terminated on account of the Executive’s disability in accordance with this Section, then the Executive shall receive Accrued Benefits through the Termination Date and shall remain eligible for all benefits provided by any long term disability programs of the Employer Company in effect at the time the Company sends notice to the Executive of such terminationits intent to terminate pursuant to this Section.

Appears in 2 contracts

Samples: Executive Employment and Severance Agreement (Oshkosh Truck Corp), Executive Employment and Severance Agreement (Oshkosh Corp)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s 's disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s 's duties hereunder on a full-time basis for a period of six (6) consecutive months and, within 30 thirty (30) days after the Company notifies the Executive in writing that it intends to terminate the Executive’s 's employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s Executives s duties hereunder on a full-time basis, the Company may terminate the Executive’s 's employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 1313 hereof. If In the event the Executive’s 's employment is terminated on account of the Executive’s 's disability in accordance with this Section, the Executive shall receive Accrued Benefits through the Termination Date in accordance with Section 9(a) hereof and shall remain eligible for all benefits provided by any long term disability programs of the Employer Company in effect at the time of such termination.

Appears in 2 contracts

Samples: Key Executive Employment and Severance Agreement (Schultz Sav O Stores Inc), Key Executive Employment and Severance Agreement (Schultz Holding Co Inc)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s duties hereunder on a full-time basis for a period of six consecutive months 182 days and, within 30 thirty days after the Company notifies the Executive in writing that it intends to terminate the Executive’s employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s duties hereunder on a full-time basis, then the Company may terminate the Executive’s employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 13Termination. If the Executive’s employment is terminated on account of the Executive’s disability in accordance with this Section, then the Executive shall receive Accrued Benefits through the Termination Date in accordance with Section 8(a) and shall remain eligible for all benefits provided by any long term disability programs of the Employer in effect with respect to the Executive at the time the Company sends notice to the Executive of such terminationits intent to terminate pursuant to this Section.

Appears in 1 contract

Samples: Key Executive Employment and Severance Agreement (Badger Meter Inc)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s duties hereunder on a full-time basis for a period of six consecutive months and, within 30 thirty days after the Company notifies the Executive in writing that it intends to terminate the Executive’s employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s duties hereunder on a full-time basis, the Company may terminate the Executive’s employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 13. If the Executive’s employment is terminated on account of the Executive’s disability in accordance with this Section, the Executive shall receive Accrued Benefits through the Termination Date and shall remain eligible for all benefits provided by any long term disability programs of the Employer Company in effect at the time of such termination. 13.

Appears in 1 contract

Samples: Key Executive Employment and Severance Agreement

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Termination for Disability. If, during the Employment Period, as a result of the Executive’s disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s duties hereunder on a full-time basis for a period of six consecutive months and, within 30 thirty days after the Company notifies the Executive in writing that it intends to terminate the Executive’s employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s duties hereunder on a full-time basis, the Company may terminate the Executive’s employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 1310. If the Executive’s employment is terminated on account of the Executive’s disability in accordance with this Section, the Executive shall receive Accrued Benefits through the Termination Date and shall remain eligible for all benefits provided by any long term disability programs of the Employer Company in effect at the time of such termination.

Appears in 1 contract

Samples: Employment Agreement (Pentair Inc)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s 's disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s 's duties hereunder on a full-time basis for a period of six (6) consecutive months and, within 30 thirty (30) days after the Company notifies the Executive in writing that it intends to terminate the Executive’s 's employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s 's duties hereunder on a full-time basis, the Company may terminate the Executive’s 's employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 1313 hereof. If In the event the Executive’s 's employment is terminated on account of the Executive’s 's disability in accordance with this Section, the Executive shall receive Accrued Benefits through the Termination Date in accordance with Section 9(a) hereof and shall remain eligible for all benefits provided by any long term disability programs of the Employer Company in effect at the time of such termination.

Appears in 1 contract

Samples: Key Executive Employment and Severance Agreement (Northland Cranberries Inc /Wi/)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s duties hereunder on a full-time basis for a period of six consecutive months 182 days and, within 30 thirty days after the Company notifies the Executive in writing that it intends to terminate the Executive’s employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s duties hereunder on a full-time basis, then the Company may terminate the Executive’s employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 13Termination. If the Executive’s employment is terminated on account of the Executive’s disability in accordance with this Section, then the Executive shall receive Accrued Benefits through the Termination Date in accordance with Section 8(a) and shall remain eligible for all benefits provided by any long term disability programs of the Employer in effect with respect to the Executive at the time the Company sends notice to the Executive of such terminationits intent to terminate pursuant to this Section. 12.

Appears in 1 contract

Samples: Key Executive Employment and Severance Agreement

Termination for Disability. If, during the Employment Period, as a result of the Executive’s disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-relatedjob‑related), the Executive shall have been absent from the Executive’s duties hereunder on a full-time full‑time basis for a period of six consecutive months and, within 30 thirty days after the Company notifies the Executive in writing that it intends to terminate the Executive’s employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s duties hereunder on a full-time full‑time basis, then the Company may terminate the Executive’s employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 13Termination. If the Executive’s employment is terminated on account of the Executive’s disability in accordance with this SectionSection 11, then the Executive shall receive Accrued Benefits through the Termination Date and shall remain eligible for all benefits provided by any long term disability programs of the Employer Company in effect at the time the Company sends notice to the Executive of such terminationits intent to terminate pursuant to this Section.

Appears in 1 contract

Samples: Key Executive Employment and Severance Agreement (Oshkosh Corp)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s duties hereunder on a full-time basis for a period of six consecutive months and, within 30 thirty days after the Company notifies the Executive in writing that it intends to terminate the Executive’s employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s duties hereunder on a full-time basis, the Company may terminate the Executive’s employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 1312. If the Executive’s employment is terminated on account of the Executive’s disability in accordance with this Section, the Executive shall receive Accrued Benefits through the Termination Date and shall remain eligible for all benefits provided by any long term disability programs of the Employer Company in effect at the time of such termination.

Appears in 1 contract

Samples: Key Executive Change in Control Agreement (AgFeed Industries, Inc.)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s 's disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s 's duties hereunder on a full-time basis for a period of six consecutive months and, within 30 thirty days after the Company notifies the Executive in writing that it intends to terminate the Executive’s 's employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s 's duties hereunder on a full-time basis, then the Company may terminate the Executive’s 's employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 13Termination. If the Executive’s 's employment is terminated on account of the Executive’s 's disability in accordance with this Section, then the Executive shall receive Accrued Benefits through the Termination Date in accordance with Section 8(a) and shall remain eligible for all benefits provided by any long term disability programs of the Employer Company in effect at the time the Company sends notice to the Executive of such terminationits intent to terminate pursuant to this Section.

Appears in 1 contract

Samples: Key Executive Employment and Severance Agreement (Oshkosh Truck Corp)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s 's disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s 's duties hereunder on a full-time basis for a period of six consecutive months 182 days and, within 30 thirty days after the Company notifies the Executive in writing that it intends to terminate the Executive’s 's employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s 's duties hereunder on a full-time basis, then the Company may terminate the Executive’s 's employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 13Termination. If the Executive’s 's employment is terminated on account of the Executive’s 's disability in accordance with this Section, then the Executive shall receive Accrued Benefits through the Termination Date in accordance with Section 8(a) and shall remain eligible for all benefits provided by any long term disability programs of the Employer in effect with respect to the Executive at the time the Company sends notice to the Executive of such terminationits intent to terminate pursuant to this Section.

Appears in 1 contract

Samples: Key Executive Employment and Severance Agreement (Badger Meter Inc)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related)Disability, the Executive shall have been absent from the Executive’s duties hereunder on a full-time basis for a period of six consecutive months and, within 30 thirty days after the Company notifies the Executive in writing that it intends to terminate the Executive’s employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s duties hereunder on a full-time basis, the Company may terminate the Executive’s employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 1310. If the Executive’s employment is terminated on account of the Executive’s disability Disability in accordance with this Section, the Executive shall receive Accrued Benefits through the Termination Date in accordance with Subsection 6(a), and prorated bonus in accordance with Subsection 6(b) and shall remain eligible for all benefits provided by any long long-term disability programs of the Employer Company in effect at the time of such termination.

Appears in 1 contract

Samples: Key Executive Employment and Severance Agreement (Mgic Investment Corp)

Termination for Disability. If, during the Employment Period, as a result of the Executive’s disability due to physical or mental illness or injury (regardless of whether such illness or injury is job-related), the Executive shall have been absent from the Executive’s duties hereunder on a full-time basis for a period of six consecutive months and, within 30 thirty days after the Company notifies the Executive in writing that it intends to terminate the Executive’s employment (which notice shall not constitute the Notice of Termination contemplated below), the Executive shall not have returned to the performance of the Executive’s duties hereunder on a full-time basis, the Company may terminate the Executive’s employment for purposes of this Agreement pursuant to a Notice of Termination given in accordance with Section 13. If the Executive’s employment is terminated on account of the Executive’s disability in accordance with this SectionSection 12, the Executive shall receive Accrued Benefits through the Termination Date and shall remain eligible for all benefits provided by any long term disability programs of the Employer Company in effect at the time of such termination.

Appears in 1 contract

Samples: Executive Employment and Severance Agreement (Regal Beloit Corp)

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