Common use of Termination Upon Death or Disability of Employee Clause in Contracts

Termination Upon Death or Disability of Employee. This Agreement will be terminated immediately upon the death or permanent disability (which shall be determined in accordance with Company’s disability plan as then in effect, or if no such plan is then in effect, as determined in good faith by Company’s Board of Directors at such time as Employee becomes physically or mentally incapable or properly performing his duties under this Agreement and such incapacity will exist or can reasonably be expected to exist for a period of ninety days or more) of Employee. In either such event, Employee or his beneficiary as designated in writing to Company (or his estate, if no such beneficiary has been designated) will be entitled to such benefits (i) as are consistent with Company policy then if effect or (ii) as are determined by Company’s Board of Directors in its sole discretion.

Appears in 4 contracts

Samples: Employment Agreement (International Isotopes Inc), Employment Agreement (International Isotopes Inc), Employment Agreement (International Isotopes Inc)

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Termination Upon Death or Disability of Employee. This Agreement will be terminated immediately upon the death or permanent disability (which shall be determined in accordance with Company’s 's disability plan as then in effect, or if no such plan is then in effect, as determined in good faith by Company’s 's Board of Directors at such time as Employee becomes physically or mentally incapable or of properly performing his duties under this Agreement and such incapacity will exist or can reasonably be expected to exist for a period of ninety days or more) of Employee. In either such event, Employee or his beneficiary as designated in writing to Company (or his estate, if no such beneficiary has been designated) will be entitled to such benefits (i) as are consistent with Company policy then if effect in effect, or (ii) as are determined by Company’s 's Board of Directors in its sole discretion.

Appears in 4 contracts

Samples: Employment Agreement (Ads Media Group Inc), Employment Agreement (Ads Media Group Inc), Employment Agreement (Ads Media Group Inc)

Termination Upon Death or Disability of Employee. This Agreement will be terminated immediately upon the death or permanent disability (which shall be determined in accordance with Company’s 's disability plan as then in effect, or if no such plan is then in effect, as determined in good faith by Company’s 's Board of Directors at such time as Employee becomes physically or mentally incapable or properly performing his duties under this Agreement and such incapacity will exist or can reasonably be expected to exist for a period of ninety days or more) of Employee. In either such event, Employee or his beneficiary as designated in writing to Company (or his estate, if no such beneficiary has been designated) will be entitled to such benefits (i) as are consistent with Company policy then if effect or (ii) as are determined by Company’s 's Board of Directors in its sole discretion.

Appears in 3 contracts

Samples: Employment Agreement (International Isotopes Inc), Employment Agreement (International Isotopes Inc), Employment Agreement (International Isotopes Inc)

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Termination Upon Death or Disability of Employee. This Agreement will be terminated immediately upon the death or permanent disability (which shall be determined in accordance with Company’s 's disability plan as then in effect, or if no such plan is then in effect, as determined in good faith by Company’s 's Board of Directors at such time as Employee becomes physically or mentally incapable or of properly performing his duties under this Agreement and such incapacity will exist or can reasonably be expected to exist for a period of ninety days or more) of Employee. In either such event, Employee or his beneficiary as designated in writing to Company (or his estate, if no such beneficiary has been designated) will be entitled to such benefits (i) as are consistent with Company policy then if in effect or (ii) as are determined by Company’s 's Board of Directors in its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Boundless Corp)

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