Common use of Termination Upon Disability of Executive Clause in Contracts

Termination Upon Disability of Executive. The Executive's employment shall terminate by reason of the disability of the Executive. For this purpose, "disability" shall mean the Executive's inability, by reason of accident, illness or other physical or mental disability (determined in good faith by the Board of Directors with the advice of a qualified and independent physician), to perform satisfactorily the duties required by his employment hereunder for any consecutive period of 120 calendar days. In case of termination pursuant to this Section 2.2.2, the Executive shall continue to receive his base salary prorated through the time of such termination, less any amount the Executive receives during such period from any Company-sponsored or Company-paid source of insurance, disability compensation or government program.

Appears in 11 contracts

Samples: Employment Agreement (Vp Merger Parent Inc), Employment Agreement (Vp Merger Parent Inc), Employment Agreement (Vp Merger Parent Inc)

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Termination Upon Disability of Executive. The Executive's ’s employment shall terminate by reason of the disability of the Executive. For this purpose, "disability" shall mean the Executive's ’s inability, by reason of accident, illness or other physical or mental disability (determined in good faith by the Board of Directors with the advice of a qualified and independent physician), to perform satisfactorily the duties required by his employment hereunder for any consecutive period of 120 calendar days. In case of termination pursuant to this Section 2.2.2, the Executive shall continue to receive his base salary prorated through the time of such termination, less any amount the Executive receives during such period from any Company-sponsored Company‑sponsored or Company-paid Company‑paid source of insurance, disability compensation or government program.

Appears in 3 contracts

Samples: Employment Agreement (Crystal Rock Holdings, Inc.), Employment Agreement (Crystal Rock Holdings, Inc.), Employment Agreement (Crystal Rock Holdings, Inc.)

Termination Upon Disability of Executive. The Executive's employment shall terminate by reason of the disability of the Executive. For this purpose, "disability" shall mean the Executive's inability, by reason of accident, illness or other physical or mental disability (determined in good faith by the Board of Directors with the advice of a qualified and independent physician), to perform satisfactorily the duties required by his employment hereunder for any consecutive period of 120 calendar days. In case of termination pursuant to this Section 2.2.2Section, the Executive shall continue to receive his base salary prorated through the time of such termination, less any amount the Executive receives during such period from any Company-sponsored or Company-paid source of insurance, disability compensation or government program.

Appears in 2 contracts

Samples: Employment Agreement (Vermont Pure Holdings LTD), Employment Agreement (Vermont Pure Holdings LTD)

Termination Upon Disability of Executive. The Executive's employment shall terminate by reason of the disability of the Executive. For this purpose, "disability" shall mean the Executive's inability, by reason of accident, illness or other physical or mental disability (determined in good faith by the Board of Directors with the advice of a qualified and independent physician), to perform satisfactorily the duties required by his employment hereunder for any consecutive period of 120 calendar days. In case of termination pursuant to this Section 2.2.2, the Executive shall continue to receive his base salary prorated through the time of such termination, less any amount the Executive receives during such period from any Company-sponsored Company‑sponsored or Company-paid source of insurance, disability compensation or government program.

Appears in 1 contract

Samples: Employment Agreement (Crystal Rock Holdings, Inc.)

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Termination Upon Disability of Executive. The Executive's ’s employment shall terminate by reason of the disability of the Executive. For this purpose, "disability" shall mean the Executive's ’s inability, by reason of accident, illness or other physical or mental disability (determined in good faith by the Board of Directors with the advice of a qualified and independent physician), to perform satisfactorily the duties required by his employment hereunder for any consecutive period of 120 calendar days. In case of termination pursuant to this Section 2.2.2, the Executive shall continue to receive his base salary prorated through the time of such termination, less any amount the Executive receives during such period from any Company-Company sponsored or Company-Company paid source of insurance, disability compensation or government program.

Appears in 1 contract

Samples: Employment Agreement (Crystal Rock Holdings, Inc.)

Termination Upon Disability of Executive. The Executive's employment or Reduced Employment shall terminate by reason of the disability of the Executive. For this purpose, "disability" shall mean the Executive's inability, by reason of accident, illness or other physical or mental disability (determined in good faith by the Board of Directors with the advice of a qualified and independent physician), to perform satisfactorily the duties required by his employment or Reduced Employment hereunder for any consecutive period of 120 calendar days. In case of termination pursuant to this Section 2.2.2, the Executive shall continue to receive his base salary prorated through the time of such termination, less any amount the Executive receives during such period from any Company-sponsored or Company-paid source of insurance, disability compensation or government program.

Appears in 1 contract

Samples: Employment Agreement (Vp Merger Parent Inc)

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