Common use of Termination Upon Permanent Disability Clause in Contracts

Termination Upon Permanent Disability. The employment of CEO may be terminated by USPB on at least thirty (30) days prior written notice if the Board of Directors determines that the CEO has become permanently disabled. CEO shall be deemed to be “permanently disabled,” as used in this Section, if CEO has been substantially unable to discharge his duties and obligations under this Agreement by reason of illness, accident, or disability for a period of 180 days in any twelve-month period. Any disputes concerning the nature or extent of CEO’s disability will be determined by a neutral physician at the expense of USPB.

Appears in 4 contracts

Samples: Employment Agreement (U. S. Premium Beef, LLC), Employment Agreement (U. S. Premium Beef, LLC), Non Competition Agreement (U. S. Premium Beef, LLC)

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Termination Upon Permanent Disability. The employment of CEO may be terminated by USPB on at least thirty (30) days prior written notice if the Board of Directors determines that the CEO has become permanently disabled. CEO shall be deemed to be "permanently disabled," as used in this Section, if CEO has been substantially unable to discharge his duties and obligations under this Agreement by reason of illness, accident, or disability for a period of 180 days in any twelve-month period. Any disputes concerning the nature or extent of CEO’s 's disability will be determined by a neutral physician at the expense of USPB.. USPB/XXXXXXX X. XXXXXXXX CEO EMPLOYMENT AGREEMENT 2016-2021

Appears in 1 contract

Samples: Employment Agreement (U. S. Premium Beef, LLC)

Termination Upon Permanent Disability. The employment of CEO may be terminated by USPB on at least thirty (30) days prior written notice if the Board of Directors determines that the CEO has become permanently disabled. CEO shall be deemed to be "permanently disabled," as used in this Sectionsection, if CEO has been substantially unable to discharge his duties and obligations under this Agreement by reason of illness, accident, or -DRAFT- FOR DISCUSSION ONLY USPB/STEVEN D. HUNT CEO EMPLOYMENT AGXXXXXXX 2003-2009 disability for a period of 180 days in any twelve-month period. Any disputes concerning the nature or extent of CEO’s 's disability will be determined by a neutral physician at the expense of USPB.

Appears in 1 contract

Samples: Employment Agreement (U. S. Premium Beef, Inc.)

Termination Upon Permanent Disability. The employment of CEO may be terminated by USPB on at least thirty (30) days prior written notice if the Board of Directors determines that the CEO has become permanently disabled. CEO shall be deemed to be "permanently disabled," as used in this Section, if CEO has been substantially unable to discharge his duties and obligations under this Agreement by reason of illness, accident, or disability for a period of 180 days in any twelve-month period. Any disputes concerning the nature or extent of CEO’s 's disability will be determined by a neutral physician at the expense of USPB.

Appears in 1 contract

Samples: Employment Agreement (U. S. Premium Beef, LLC)

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Termination Upon Permanent Disability. The employment of CEO may be terminated by USPB on at least thirty (30) days prior written notice if the Board of Directors determines that the CEO has become permanently disabled. CEO shall be deemed to be "permanently disabled," as used in this Sectionsection, if CEO has been substantially unable to discharge his duties and obligations under this Agreement by reason of illness, accident, or disability for a period of 180 days in any twelve-month period. Any disputes concerning the nature or extent of CEO’s 's disability will be determined by a neutral physician at the expense of USPB.

Appears in 1 contract

Samples: Employment Agreement (U. S. Premium Beef, Inc.)

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