Common use of Termination for Executive’s Permanent Disability Clause in Contracts

Termination for Executive’s Permanent Disability. To the extent permissible under applicable law, in the event the Executive becomes permanently disabled during employment with the Company, the Company may terminate this Agreement by giving thirty (30) days notice to the Executive of its intent to terminate, and unless the Executive resumes performance of the duties set forth in Paragraph 3 within five (5) days of the date of the notice and continues performance for the remainder of the notice period, this Agreement shall terminate at the end of the thirty (30) day period. A termination due to the Executive’s Permanent Disability shall be treated for all severance purposes as a Termination “Without Cause,” and the Executive shall be entitled to receive all of the payments identified in Section 5(e) of this Agreement, provided that he complies with the terms and conditions set forth in Section 5(e). “Permanently disabled” or “Disabled” for the purposes of this Agreement means the Executive’s inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months.

Appears in 3 contracts

Samples: Employment Agreement (Dollar Financial Corp), Employment Agreement (Dollar Financial Corp), Employment Agreement (Dollar Financial Corp)

AutoNDA by SimpleDocs

Termination for Executive’s Permanent Disability. To the extent permissible under applicable law, in the event the Executive becomes permanently disabled during employment with the Company, the Company may terminate this Agreement by giving thirty (30) days notice to the Executive of its intent to terminate, and unless the Executive resumes performance of the duties set forth in Paragraph 3 within five (5) days of the date of the notice and continues performance for the remainder of the notice period, this Agreement shall terminate at the end of the thirty (30) day period. A termination due to the Executive’s Permanent Disability shall be treated for all severance purposes as a Termination “Without Cause,” and and, subject to the limitations imposed by Internal Revenue Code Section 409A (to the extent they are applicable), the Executive shall be entitled to receive all of the payments identified in Section 5(e) of this Agreement, provided that he complies with the terms and conditions set forth in Section 5(e). “Permanently disabled” or “Disabled” for the purposes of this Agreement means the Executive’s inability inability, due to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected ill health, to result in death perform the essential functions of the Executive’s job, with or can be expected to last without a reasonable accommodation, for a continuous period six (6) months during any one employment year irrespective of not less than 12 monthswhether such days are consecutive.

Appears in 3 contracts

Samples: Employment Agreement (Dollar Financial Corp), Employment Agreement (Dollar Financial Corp), Employment Agreement (Dollar Financial Corp)

Termination for Executive’s Permanent Disability. To the extent permissible under applicable law, in the event the Executive becomes permanently disabled during employment with the CompanyTerm, the Company may terminate this Agreement by giving thirty (30) days notice to the Executive of its intent to terminate, and unless the Executive resumes performance of the duties set forth in Paragraph Section 3 within five (5) days of the date of the notice and continues performance for the remainder of the notice period, this Agreement shall terminate at the end of the thirty (30) day period. A termination due to the Executive’s Permanent Disability during the Term shall be treated for all severance purposes as a Termination “Without Cause,” and the Executive shall be entitled to receive all of the payments identified in Section 5(e5(d) of this Agreement, provided that he complies with the terms and conditions set forth in Section 5(e5(d). “Permanently disabled” or “Disabled” for the purposes of this Agreement means the Executive’s inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months.

Appears in 2 contracts

Samples: Employment Agreement (DFC Global Corp.), Employment Agreement (DFC Global Corp.)

Termination for Executive’s Permanent Disability. To the extent permissible under applicable law, in the event the Executive becomes permanently disabled during employment with the Company, the Company may terminate this Agreement by giving thirty (30) days notice to the Executive of its intent to terminate, and unless the Executive resumes performance of the duties set forth in Paragraph 3 this Agreement within five (5) days of the date of the notice and continues performance for the remainder of the notice period, this Agreement shall terminate at the end of the thirty (30) day period. A termination due to the Executive’s Permanent Disability permanent disability shall be treated for all severance purposes as a Termination “Without Cause,” and the Executive shall be entitled to receive all of the payments identified in Section 5(e) 14.3 of this Agreement, provided that he complies with the terms and conditions set forth in Section 5(e)14.3. “Permanently disabled” or “Disabled” for the purposes of this Agreement means the Executive’s inability inability, due to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected ill health, to result in death perform the essential functions of the Executive’s job, with or can be expected to last without a reasonable accommodation, for a continuous period six (6) months during any one employment year irrespective of not less than 12 monthswhether such days are consecutive.

Appears in 1 contract

Samples: Private and Confidential (Dollar Financial Corp)

AutoNDA by SimpleDocs

Termination for Executive’s Permanent Disability. To the extent permissible under applicable law, in the event the Executive becomes permanently disabled during employment with the Company, the Company may terminate this Agreement by giving thirty (30) days notice to the Executive of its intent to terminate, and unless the Executive resumes performance of the duties set forth in Paragraph Section 3 within five (5) days of the date of the notice and continues performance for the remainder of the notice period, this Agreement shall terminate at the end of the thirty (30) day period. A termination due to the Executive’s Permanent Disability shall be treated for all severance purposes as a Termination “Without Cause,” and the Executive shall be entitled to receive all of the payments identified in Section 5(e5(d) of this Agreement, provided that he complies with the terms and conditions set forth in Section 5(e5(d). “Permanently disabled” or “Disabled” for the purposes of this Agreement means the Executive’s inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months.

Appears in 1 contract

Samples: Employment Agreement (Dollar Financial Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.