Common use of Termination upon Disability and Temporary Reassignment of Duties Due to Disability; Termination upon Death Clause in Contracts

Termination upon Disability and Temporary Reassignment of Duties Due to Disability; Termination upon Death. (i) If the Executive becomes totally and permanently disabled during the Employment Period so that he is unable to perform his obligations hereunder by reasons involving physical or mental illness or physical injury for an aggregate of ninety (90) days (whether or not consecutive) during any period of twelve (12) consecutive months during the Employment Period (“Disability”), then the Executive’s employment hereunder and the Employment Period may be terminated by the Company within sixty (60) days after the expiration of such ninety (90) day period (whether or not consisting of consecutive days), such termination to be effective ten (10) days after written notice to the Executive. In the event the Company shall give a notice of termination under this Section 5(b)(i), then the Company may reassign the Executive’s duties hereunder to another person or other persons. Such reassignment shall not reduce the Company’s obligations hereunder to make salary, bonus and other payments to the Executive and to provide other benefits to him during the remainder of his employment and, if applicable, following the termination of employment.

Appears in 4 contracts

Samples: Employment Agreement (Key Energy Services Inc), Trey Whichard Employment Agreement (Key Energy Services Inc), Employment Agreement (Key Energy Services Inc)

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Termination upon Disability and Temporary Reassignment of Duties Due to Disability; Termination upon Death. (i) If the Executive becomes totally and permanently disabled during the Employment Period so that he is unable to perform his obligations hereunder by reasons involving physical or mental illness or physical injury for an aggregate of ninety (90) days (whether or not consecutive) during any period of twelve (12) consecutive months during the Employment Period ("Disability"), then the Executive’s 's employment hereunder and the Employment Period may be terminated by the Company within sixty (60) days after the expiration of such said ninety (90) day period (whether or not consisting of consecutive days), such said termination to be effective ten (10) days after written notice to the Executive. In the event the Company shall give a notice of termination under this Section 5(b)(i), then the Company may reassign the Executive’s 's duties hereunder to another person or other persons. Such reassignment shall not reduce the Company’s 's obligations hereunder to make salary, bonus and other payments to the Executive and to provide other benefits to him him, during the remainder of his employment and, if applicable, following the termination of employment.

Appears in 3 contracts

Samples: Employment Agreement (Key Energy Services Inc), Employment Agreement (Key Energy Services Inc), Employment Agreement (Key Energy Services Inc)

Termination upon Disability and Temporary Reassignment of Duties Due to Disability; Termination upon Death. (i) If the Executive becomes totally and permanently disabled during the Employment Period so that he is unable to perform his obligations hereunder by reasons involving physical or mental illness or physical injury for an aggregate of ninety (90) days (whether or not consecutive) during any period of twelve (12) consecutive months during the Employment Period (“Disability”), then the Executive’s employment hereunder and the Employment Period may be terminated by the Company within sixty (60) days after the expiration of such ninety (90) day period (whether or not consisting of consecutive days), such termination to be effective ten (10) days after written notice to the Executive. In the event the Company shall give a notice of termination under this Section 5(b)(i), then the Company may reassign the Executive’s duties hereunder to another person or other persons. Such reassignment shall not reduce the Company’s obligations hereunder to make salary, bonus and other payments to the Executive and to provide other benefits to him him, during the remainder of his employment and, if applicable, following the termination of employment.

Appears in 3 contracts

Samples: Austin Employment Agreement (Key Energy Services Inc), Employment Agreement (Key Energy Services Inc), Wilson Iii Employment Agreement (Key Energy Services Inc)

Termination upon Disability and Temporary Reassignment of Duties Due to Disability; Termination upon Death. (i) If the Executive becomes totally and permanently disabled during the Employment Period so that he she is unable to perform his her obligations hereunder by reasons involving physical or mental illness or physical injury for an aggregate of ninety (90) days (whether or not consecutive) during any period of twelve (12) consecutive months during the Employment Period (“Disability”), then the Executive’s employment hereunder and the Employment Period may be terminated by the Company within sixty (60) days after the expiration of such ninety (90) day period (whether or not consisting of consecutive days), such termination to be effective ten (10) days after written notice to the Executive. In the event the Company shall give a notice of termination under this Section 5(b)(i5(b) (i), then the Company may reassign the Executive’s duties hereunder to another person or other persons. Such reassignment shall not reduce the Company’s obligations hereunder to make salary, bonus and other payments to the Executive and to provide other benefits to him him, during the remainder of his her employment and, if applicable, following the termination of employment.

Appears in 2 contracts

Samples: Employment Agreement (Key Energy Services Inc), Employment Agreement (Key Energy Services Inc)

Termination upon Disability and Temporary Reassignment of Duties Due to Disability; Termination upon Death. (i) If the Executive becomes totally and permanently disabled during the Employment Period so that he is unable to perform his obligations hereunder by reasons involving physical or mental illness or physical injury for an aggregate of ninety (90) days (whether or not consecutive) during any period of twelve (12) consecutive months during the Employment Period ("Disability"), then the Executive’s 's employment hereunder and the Employment Period may be terminated by the Company within sixty (60) days after the expiration of such said ninety (90) day period (whether or not consisting of consecutive days), such said termination to be effective ten (10) days after written notice to the Executive. In the event the Company shall give a notice of termination under this Section 5(b)(i), then the Company may reassign the Executive’s 's duties hereunder to another person or other persons. Such reassignment shall not reduce the Company’s 's obligations hereunder to make salary, bonus and other payments to the Executive and to provide other benefits to him him, during the remainder of his employment and, if applicable, following the termination of employment.

Appears in 1 contract

Samples: Employment Agreement (Key Energy Services Inc)

Termination upon Disability and Temporary Reassignment of Duties Due to Disability; Termination upon Death. (i) If the Executive becomes totally and permanently disabled during the Employment Period so that he is unable to perform his obligations hereunder by reasons involving physical or mental illness or physical injury for an aggregate of ninety (90) days (whether or not consecutive) during any period of twelve (12) consecutive months during the Employment Period ("Disability"), then the Executive’s 's employment hereunder and the Employment Period may be terminated by the Company within sixty (60) days after the expiration of such ninety (90) day period (whether or not consisting of consecutive days), such termination to be effective ten (10) days after written notice to the Executive. In the event the Company shall give a notice of termination under this Section 5(b)(i), then the Company may reassign the Executive’s 's duties hereunder to another person or other persons. Such reassignment shall not reduce the Company’s 's obligations hereunder to make salary, bonus and other payments to the Executive and to provide other benefits to him him, during the remainder of his employment and, if applicable, following the termination of employment.

Appears in 1 contract

Samples: Employment Agreement (Key Energy Services Inc)

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Termination upon Disability and Temporary Reassignment of Duties Due to Disability; Termination upon Death. (i) If the Executive becomes totally and permanently disabled during the Employment Period so that he is unable to perform his obligations hereunder by reasons involving physical or mental illness or physical injury for an aggregate of ninety (90) days (whether or not consecutive) during any period of twelve (12) consecutive months during the Employment Period ("Disability"), then the Executive’s 's employment hereunder and the Employment Period may be terminated by the Company within sixty (60) days after the expiration of such ninety (90) day period (whether or not consisting of consecutive days), such termination to be effective ten (10) days after written notice to the Executive. In the event the Company shall give a notice of termination under this Section 5(b)(i5(b) (i), then the Company may reassign the Executive’s 's duties hereunder to another person or other persons. Such reassignment shall not reduce the Company’s 's obligations hereunder to make salary, bonus and other payments to the Executive and to provide other benefits to him him, during the remainder of his employment and, if applicable, following the termination of employment.

Appears in 1 contract

Samples: Employment Agreement (Key Energy Services Inc)

Termination upon Disability and Temporary Reassignment of Duties Due to Disability; Termination upon Death. (i) If the Executive becomes totally and permanently disabled during the Employment Period so that he is unable to perform his obligations hereunder by reasons involving physical or mental illness or physical injury for an aggregate of ninety (90) days (whether or not consecutive) during any period of twelve (12) consecutive months during the Employment Period ("Disability"), then the Executive’s 's employment hereunder and the Employment Period may be terminated by the Company within sixty (60) days after the expiration of such ninety (90) day period (whether or not consisting of consecutive days), such termination to be effective ten (10) days after written notice to the Executive. In the event the Company shall give a notice of termination under this Section 5(b)(i5(b) (i), then the Company may reassign the Executive’s 's duties hereunder to another person or other persons. Such reassignment shall not reduce the Company’s 's obligations hereunder to make salary, bonus and other payments to the Executive and to provide other benefits to him during the remainder of his employment and, if applicable, following the termination of employment.

Appears in 1 contract

Samples: Employment Agreement (Key Energy Services Inc)

Termination upon Disability and Temporary Reassignment of Duties Due to Disability; Termination upon Death. (i) If the Executive becomes totally and permanently disabled during the Employment Period so that he she is unable to perform his her obligations hereunder by reasons involving physical or mental illness or physical injury for an aggregate of ninety (90) days (whether or not consecutive) during any period of twelve (12) consecutive months during the Employment Period (“Disability”), then the Executive’s employment hereunder and the Employment Period may be terminated by the Company within sixty (60) days after the expiration of such ninety (90) day period (whether or not consisting of consecutive days), such termination to be effective ten (10) days after written notice to the Executive. In the event the Company shall give a notice of termination under this Section 5(b)(i5(b) (i), then the Company may reassign the Executive’s duties hereunder to another person or other persons. Such reassignment shall not reduce the Company’s obligations hereunder to make salary, bonus and other payments to the Executive and to provide other benefits to him him, during the remainder of his her employment and, if applicable, following the termination of employment.. Amended and Restated Employment Agreement of Xxxxxxxx X. Xxxx

Appears in 1 contract

Samples: Employment Agreement (Key Energy Services Inc)

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