Common use of Termination upon Death or Disability of Executive Clause in Contracts

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.

Appears in 6 contracts

Samples: Employment Agreement (Crown Pacific Partners L P), Employment Agreement (Crown Pacific Partners L P), Employment Agreement (Crown Pacific Partners L P)

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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 5.36.3, 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.

Appears in 1 contract

Samples: Employment Agreement (Crown Pacific Partners L P)

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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 ’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 ’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.

Appears in 1 contract

Samples: Employment Agreement (Crown Pacific Partners L P)

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