Common use of Termination for Total and Permanent Disability Clause in Contracts

Termination for Total and Permanent Disability. Termination of the Executive’s employment due to Disability is not a Qualifying Termination. However, if immediately prior to the condition or event leading to, or the commencement of, the Disability of the Executive, the Executive would have experienced a Qualifying Termination if he or she had terminated at that time, then upon termination of his or her employment for Disability he or she shall be entitled to the benefits provided by this Agreement for a Qualifying Termination.

Appears in 2 contracts

Samples: January 2010 Special Agreement (Northrop Grumman Corp /De/), January 2009 Special Agreement (Northrop Grumman Corp /De/)

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Termination for Total and Permanent Disability. Termination Except as provided in Section 4.3(b), termination of the Executive’s employment due to Disability is not a Qualifying Termination. However, if immediately prior to the condition or event leading to, or the commencement of, the Disability of the Executive, the Executive would have experienced a Qualifying Termination if he or she had terminated at that time, then upon termination of his or her employment for Disability he or she shall be entitled to the benefits provided by this Agreement for a Qualifying Termination.

Appears in 2 contracts

Samples: March 2004 Special Agreement (Northrop Grumman Corp /De/), Employment Agreement (Northrop Grumman Corp /De/)

Termination for Total and Permanent Disability. Termination of the Executive’s 's employment due to Disability is not a Qualifying Termination. However, if immediately prior to the condition or event leading to, or the commencement of, the Disability of the Executive, the Executive would have experienced a Qualifying Termination if he or she had terminated at that time, then upon termination of his or her employment for Disability he or she shall be entitled to the benefits provided by this Agreement for a Qualifying Termination.

Appears in 1 contract

Samples: Control Agreement (China Finance Online Co. LTD)

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Termination for Total and Permanent Disability. Termination of the Executive’s employment due to Disability is not a Qualifying Termination. However, if unless the Executive could have terminated his employment for Good Reason immediately prior to the condition or event leading to, or the commencement of, the Disability of the Executive, the Executive would have experienced a Qualifying Termination if he or she had terminated at that time, then upon termination of his or her employment for Disability he or she shall be entitled to the benefits provided by this Agreement for a Qualifying Termination.

Appears in 1 contract

Samples: Change in Control Agreement (China Finance Online Co. LTD)

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