Common use of Termination of Executives Employment Clause in Contracts

Termination of Executives Employment. 7.1 Notwithstanding any provisions contained herein to the contrary, the Executive's employment may be terminated by the Company upon the Executive's death or disability (as defined below); or for Cause (as defined below); or upon a Change in Control (as defined below). 7.2 For purposes of this Agreement, "disability" shall mean the Executive is mentally or physically disabled from properly and fully performing his duties and responsibilities hereunder for a period of 120 consecutive days or for 180 days, even though not consecutive, within a 360-day period, all as evidenced by the written certification of a qualified medical doctor agreed to by the Company and the Executive or, in the absence of such agreement, by a doctor selected by the agreement of a qualified medical doctor selected by each of the Company and the Executive.

Appears in 2 contracts

Samples: Executive Employment Agreement (Us Wats Inc), Executive Employment Agreement (Us Wats Inc)

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Termination of Executives Employment. 7.1 6.1 Notwithstanding any provisions contained herein to the contrary, the Executive's employment may be terminated by the Company upon the Executive's death or disability (as defined below); or for Cause (as defined below); or upon a Change in Control (as defined below). 7.2 6.2 For purposes of this Agreement, "disability" shall mean the Executive is mentally or physically disabled from properly and fully performing his duties and responsibilities hereunder for a period of 120 consecutive days or for 180 days, even though not consecutive, within a 360-360- day period, all as evidenced by the written certification of a qualified medical doctor agreed to by the Company and the Executive or, in the absence of such agreement, by a doctor selected by the agreement of a qualified medical doctor selected by each of the Company and the Executive.

Appears in 2 contracts

Samples: Executive Employment Agreement (Us Wats Inc), Executive Employment Agreement (Us Wats Inc)

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Termination of Executives Employment. 7.1 Notwithstanding any provisions contained herein to the contrary, the Executive's employment may be terminated by the Company upon the Executive's death or disability (as defined below); or for Cause (as defined below); or upon a Change in Control (as defined below). 7.2 For purposes of this Agreement, "disability" shall mean the Executive is mentally or physically disabled from properly and fully performing his duties and responsibilities hereunder for a period of 120 consecutive days or for 180 days, even though not consecutive, within a 360-360- day period, all as evidenced by the written certification of a qualified medical doctor agreed to by the Company and the Executive or, in the absence of such agreement, by a doctor selected by the agreement of a qualified medical doctor selected by each of the Company and the Executive.

Appears in 1 contract

Samples: Executive Employment Agreement (Us Wats Inc)

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