Common use of Termination for Disability Clause in Contracts

Termination for Disability. The Company may terminate the Executive’s employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminated.

Appears in 17 contracts

Samples: Executive Employment Agreement (Arcis Resources Corp), Executive Employment Agreement (Arcis Resources Corp), Executive Employment Agreement (Arcis Resources Corp)

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Termination for Disability. The Company may terminate the Executive’s 's employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) (1) his unpaid Salary Base Compensation through the sixth full month following the Employment Termination Date and at his then effective Base Compensation rate; plus (2) any Stock Options which have not vested as of the Employment Termination Date shall be terminatedaccrued but unpaid Incentive Compensation plus (3) any expenses incurred in accordance with Section 6 hereof.

Appears in 6 contracts

Samples: Executive Employment Agreement (Regional Capital Management Corp), Executive Employment Agreement (European Micro Holdings Inc), Executive Employment Agreement (Regional Capital Management Corp)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) (1) his unpaid Salary Base Compensation through the sixth (6th) full month following the Employment Termination Date and at his then effective Base Compensation rate; plus (2) any Stock Options which have not vested as of the Employment Termination Date shall be terminatedaccrued but unpaid Incentive Compensation, plus (3) any expenses incurred in accordance with Section 6 hereof.

Appears in 2 contracts

Samples: Executive Employment Agreement (Avid Sportswear & Golf Corp), Executive Employment Agreement (Medical Staffing Solutions Inc)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminatedDate.

Appears in 2 contracts

Samples: Executive Employment Agreement (Genetic Vectors Inc), Executive Employment Agreement (Genetic Vectors Inc)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) his unpaid Salary Sales Commissions and Base Compensation through the sixth full month following the Employment Termination Date and any Stock Options which have not vested as of at the Employment Termination Date then effective rate. In addition, the Executive shall be terminatedentitled to the amounts and benefits specified in Paragraphs (2) and (3) of Section 11(f) of this Agreement.

Appears in 2 contracts

Samples: Executive Employment Agreement (Team America Corporation), Executive Employment Agreement (Team America Corporation)

Termination for Disability. The Company may terminate the Executive’s employment because of the Disability of the Executive and thereafter the Company shall pay due to the Executive Executive’s Disability (or his successorsas defined in this Section 6) his unpaid Salary through the Employment by providing a Notice of Termination Date and any Stock Options which have not vested (as of the Employment Termination Date shall be terminateddefined in this Section 6).

Appears in 2 contracts

Samples: Executive Employment Agreement (Stryve Foods, Inc.), Executive Employment Agreement (Stryve Foods, Inc.)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the a Disability of the Executive and thereafter the Company shall pay to the Executive (or his successorsdesignated representative), within ten (10) days of such termination, (1) his unpaid Salary otherwise payable through the twelfth (12th) full month following the Employment Termination Date and at his then effective Salary, plus any Stock Options which have not vested as of the Employment Termination Date shall be terminatedexpenses incurred in accordance with Section 6.

Appears in 2 contracts

Samples: Executive Employment Agreement (APT Systems Inc), Executive Employment Agreement (North Springs Resources Corp.)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) (1) his unpaid Salary Base Compensation through the third full month following the Employment Termination Date and at his then effective Base Compensation rate plus (2) any Stock Options which have not vested as of the Employment Termination Date shall be terminatedexpenses incurred in accordance with Section 6 hereof.

Appears in 2 contracts

Samples: Executive Employment Agreement (August Project I Corp), Executive Employment Agreement (August Project I Corp)

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Termination for Disability. The Company may terminate the Executive’s employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) (1) his unpaid Salary Base Compensation through the sixth (6th) full month following the Employment Termination Date and at his then effective Base Compensation rate; plus (2) any Stock Options which have not vested as of the Employment Termination Date shall be terminatedaccrued but unpaid Incentive Compensation, plus (3) any expenses incurred in accordance with Section 6 hereof.

Appears in 1 contract

Samples: Executive Employment Agreement (Falcon Natural Gas Corp)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the a Disability of the Executive and thereafter the Company shall pay to the Executive (or his successorsdesignated representative), within ten (10) days of such termination, (1) his unpaid Salary Base Compensation otherwise payable through the twelfth (12th) full month following the Employment Termination Date and at his then effective Base Compensation rate, plus any Stock Options which have not vested as of the Employment Termination Date shall be terminatedexpenses incurred in accordance with Section 6.

Appears in 1 contract

Samples: Executive Employment Agreement (Royal Union Holdings, Corp.)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) his unpaid Salary Salary, benefits and un-reimbursed expenses through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminatedDate.

Appears in 1 contract

Samples: Executive Employment Agreement (Newsmax Media Inc)

Termination for Disability. The Company may terminate the Executive’s Employee's employment because of the Disability of the Executive Employee and thereafter the Company shall pay to the Executive Employee (or his successors): (i) his unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as of (ii) if the Employment Termination Date shall be terminatedDisability occurs after the Employee has been employed by the Company for at least six months, the Severance Payment.

Appears in 1 contract

Samples: Employment Agreement (Thermacell Technologies Inc)

Termination for Disability. The Company may terminate the Executive’s 's employment because of the Disability of the Executive and thereafter the Company shall pay to the Executive (or his successors) his unpaid Salary Sales Commissions and Base Compensation through the sixth full month following the Employment Termination Date and any Stock Options which have not vested as of at the Employment Termination Date then effective rate. In addition, the Executive shall be terminatedentitled to the amounts and benefits specified in Paragraphs (2) and (3) of ss.10 (f) of this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Team America Corporation)

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