Common use of Termination on Disability or Death Clause in Contracts

Termination on Disability or Death. (i) The term “Disability” means your absence from your responsibilities with the Company on a full-time basis for 90 consecutive days or 180 days in any consecutive 12 month period as a result of incapacity due to mental or physical illness or injury. If the Company determines in good faith that your Disability has occurred, the Company may give you Termination Notice (as defined below). If within 30 days of the Termination Notice you do not return to full-time performance of your responsibilities, your employment will terminate. If you do return to full-time performance in that 30-day period, the Termination Notice will be cancelled for all purposes of this Agreement. Except as provided in this Section 5(d), your incapacity due to mental or physical illness or injury will not affect the Company’s obligations under this Agreement.

Appears in 4 contracts

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

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Termination on Disability or Death. (i1) The term “Disability” means your absence from your responsibilities with the Company on a full-time basis for 90 consecutive days or 180 business days in any consecutive 12 month period months as a result of incapacity due to mental or physical illness or injury. If a doctor mutually acceptable to you and the Company determines in good faith that your Disability has occurred, the Company may give you a Termination Notice (as defined below)Notice. If within 30 thirty (30) days of the Termination Notice you do not return to full-time performance of your responsibilities, your employment will terminatebe terminated due to Disability. If you do return to full-time performance in that 30-day period, the Termination Notice will be cancelled for all purposes of this Agreement. Except as provided in this Section 5(d), your incapacity due to mental or physical illness or injury will not affect the Company’s obligations under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Ca, Inc.)

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Termination on Disability or Death. (i) The term “Disability” means your absence from your responsibilities with the Company on a full-time basis for 90 consecutive days or 180 days in any consecutive 12 month period as a result of incapacity due to mental or physical illness or injury. If the Company determines in good faith that your Disability has occurred, the Company may give you a Termination Notice (as defined below). If within 30 days of the Termination Notice you do not return to full-time performance of your responsibilities, your employment will terminate. If you do return to full-time performance in that 30-day period, the Termination Notice will be cancelled for all purposes of this Agreement. Except as provided in this Section 5(d), your incapacity due to mental or physical illness or injury will not affect the Company’s obligations under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (American River Bankshares)

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