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

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.

Appears in 3 contracts

Samples: Executive Employment Agreement (Sensar Corp /Nv/), Executive Employment Agreement (Sensar Corp /Nv/), Executive Employment Agreement (Sensar Corp /Nv/)

AutoNDA by SimpleDocs

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) 90 day period after death. This Agreement shall also terminate on the continued disability of Executive for a consecutive period of ninety (90) 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 SensarLarsonoDavis.

Appears in 1 contract

Samples: Executive Employment Agreement (Larson Davis Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!