Termination upon Death or Disability of Executive. 4.1.1 Executive’s employment and the Employment Period shall terminate immediately upon the death of Executive. In such event, all rights of Executive and/or Executive’s estate (or named beneficiary) shall cease except for the right to receive payment of the amounts set forth in Section 4.5.5 of the Agreement.
4.1.2 Company may terminate Executive’s employment and the Employment Period upon the disability of Executive. For purposes of this Agreement, Executive shall be deemed to be “disabled” if Executive, as a result of illness or incapacity, shall be unable to perform substantially Executive’s required duties for a period of three (3) consecutive months or for any aggregate period of three (3) months in any six (6) month period. In the event of a dispute as to whether Executive is disabled, Company may refer Executive to a licensed practicing physician who is mutually acceptable to Executive and Company, and Executive agrees to submit to such tests and examination as such physician shall deem appropriate to determine Executive’s capacity to perform the services required to be performed by Executive hereunder. In such event, the parties hereby agree that the decision of such physician as to the disability of Executive shall be final and binding on the parties. Any termination of the Employment Period under this Section 4.1.2 shall be effected without any adverse effect on Executive’s rights to receive benefits under any disability policy of Company, but shall not be treated as a termination without Cause and Executive shall be entitled to no further benefits or compensation under this Agreement.
Termination upon Death or Disability of Executive a. Upon Executive’s death while employed pursuant to this Agreement, this Agreement will automatically terminate.
b. Subject to applicable state and federal law, the Company will at all times have the right, upon thirty (30) days written notice to Executive, to terminate this Agreement based on Executive’s Disability.
c. In the event Executive’s employment is terminated due to Executive’s death or Disability, the Company will pay to Executive or Executive’s heirs or estate all Standard Termination Payments together with any other compensation and benefits payable to Executive through the Executive’s Termination Date under any compensation or benefit plan, program or arrangement during such period. In addition, if Executive, or if Executive is deceased, a participant on Executive’s health insurance plan, elects COBRA coverage, the Company will pay its third party administrator the full cost of COBRA coverage for twelve (12) months from the Executive’s Termination Date.
Termination upon Death or Disability of Executive. 4.1.1 Executive’s employment hereunder and the Employment Period shall terminate immediately upon the death of Executive. In such event, all rights of Executive and/or Executive’s estate (or named beneficiary) shall cease except for the right to receive payment of the amounts set forth in Section 4.5.3 of the Agreement.
4.1.2 Company may terminate Executive’s employment hereunder and the Employment Period upon the disability of Executive. For purposes of this Agreement, Executive shall be deemed to be “disabled” if Executive suffers any physical or mental incapacity that renders him unable to engage in any substantial gainful activity by reason of any medically-determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, as determined by Company in good faith. In the event of a dispute as to whether Executive is disabled, Company may refer Executive to a licensed practicing physician who is mutually acceptable to Executive and Company, and Executive agrees to submit to such tests and examination as such physician shall deem appropriate to determine Executive’s capacity to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months. In such event, the parties hereby agree that the decision of such physician as to the disability of Executive shall be final and binding on the parties. Any termination of the Employment Period under this Section 4.1.2 shall be effected without any adverse effect on Executive’s rights to receive benefits under any disability policy of Company, but shall not be treated as a termination without Cause.
Termination upon Death or Disability of Executive. This Agreement shall terminate upon the death of Executive, or upon a reasonable, good faith determination by the Board that Executive has become Disabled (as defined below). In the event of a termination of this Agreement pursuant to this Section 5.3, Executive (or Executive's estate, if applicable) shall be entitled to his Base Salary and other benefits and bonuses through the Termination Date. For purposes of this Agreement, "Disabled" (or "Disability") shall have the meaning given to such term in the Partnership's long-term disability plan or, if no such plan exists, shall mean a physical or mental disability that is reasonably expected to render Executive incapable of performing his duties under this Agreement for a period of six months within any twelve-month period.
Termination upon Death or Disability of Executive. This Agreement shall terminate upon the death of Executive, or upon Executive becoming Disabled (as defined below). In the event of a termination of this Agreement pursuant to this Section 6.3, Executive (or Executive's estate, if applicable) shall be paid on termination the Earned Amounts. For purposes of this Agreement, "Disabled" shall mean that Executive shall have qualified for and be receiving benefits under the Company's long-term disability insurance plan or, if there is no such plan, that Executive shall have qualified for and be receiving disability benefits under the federal Social Security Act.
Termination upon Death or Disability of Executive. This Agreement shall terminate immediately upon Executive's death, subject to the payment of Executive's base salary for a ninety (90) day period after death. This Agreement shall also terminate on the continued disability of Executive for a consecutive period of ninety (90) days. For purposes of this paragraph "disability" shall be defined as the inability of Executive to substantially perform his duties as president, chief executive officer, and a member of the board of directors of Sensar.
Termination upon Death or Disability of Executive. This Agreement shall terminate immediately upon Executive’s death or upon the Disability of Executive. In the event Executive’s employment is terminated in accordance with this Subsection 6(b), the Company shall provide to Executive the Disability Termination Compensation as provided in Subsection 18(j).
Termination upon Death or Disability of Executive i.. Executive’s employment and the Employment Period shall terminate immediately upon the death of Executive. In such event, all rights of Executive and/or Executive’s estate (or named beneficiary) shall cease except for the right to receive payment of the amounts set forth in Section 4.5.3 of the Agreement.
Termination upon Death or Disability of Executive. If the Executive dies or becomes Disabled during the Term hereof, this Employment Agreement will terminate in accordance with Paragraph 1(e) hereof; provided, however, that in any such event NATCO will pay to the Executive, or to his estate or designated beneficiary, as the case may be, (i) a lump sum in cash equal to the Executive's Base Salary through the date of termination, to the extent not theretofore paid, (ii) such other benefits that have vested in the Executive at the time of such termination as a result of his participation in any benefits plans of NATCO or any of its affiliates, in accordance with and subject to the provisions of such plans, (iii) an amount equal to $388,470, (iv) the full amount of any bonus to which the Executive was or would have become entitled to for any completed fiscal year prior to the fiscal year during which the Executive died or became Disabled, to the extent such bonus has not already been paid to the Executive, and (v) if the Executive dies or becomes Disabled during a fiscal year, an amount equal to the Executive's pro rata bonus for the period beginning on the first day of such fiscal year and ending with his Date of Termination, payable in accordance with the terms of the applicable bonus plan then in effect.
Termination upon Death or Disability of Executive. If the Executive dies or becomes Disabled during the Term hereof, this Employment Agreement will terminate in accordance with Section 1(e) hereof; provided, however, that in any such event, NATCO will pay to the Executive, or to his estate or designated beneficiary, as the case may be, (i) a lump sum in cash equal to the Executive's Base Salary through the date of termination, to the extent not theretofore paid, and (ii) such other benefits that have vested in the Executive at the time of such termination as a result of his participation in any benefits plans of NATCO or any of its affiliates, in accordance with and subject to the provisions of such plans. Any Bonus Compensation that has been earned under the Bonus Plan, the payment of which has been deferred under the terms of the Bonus Plan, will be paid to the Executive, or to his estate or designated beneficiary, as the case may be, in accordance with the terms of the Bonus Plan.
