Termination Upon Total Disability. Employer may terminate this Agreement because of Total Disability upon at least 120 days' notice to Employee; provided that (i) Employer will pay Employee his Base Salary for one year from such notice, and (ii) Employer shall pay all other Benefits and Reimbursable Expenses owed Employee and continue such Benefits for an additional one year period.
Appears in 6 contracts
Samples: Employment Agreement (Raintree Resorts International Inc), Employment Agreement (Cr Resorts Capital S De R L De C V), Employment Agreement (Cr Resorts Capital S De R L De C V)
Termination Upon Total Disability. Employer may terminate this Agreement because of Total Disability upon at least 120 30 days' notice to Employee; provided that (i) Employer will pay Employee his Base Salary for one year the lesser of (A) period from such notice until the date on which the disability benefits contemplated by the Benefits begin accruing and (B) 120 days from such notice, and (ii) Employer shall pay all other Benefits and Reimbursable Expenses owed Employee and continue such Benefits for an additional one year periodEmployee.
Appears in 5 contracts
Samples: Employment Agreement (Raintree Resorts International Inc), Employment Agreement (Cr Resorts Capital S De R L De C V), Employment Agreement (Cr Resorts Capital S De R L De C V)
Termination Upon Total Disability. Employer may terminate this Agreement because of Total Disability upon at least 120 30 days' notice to Employee; provided that (i) Employer will pay Employee his her Base Salary for one year the lesser of (A) period from such notice until the date on which the disability benefits contemplated by the Benefits begin accruing and (B) 120 days from such notice, and (ii) Employer shall pay all other Benefits and Reimbursable Expenses owed Employee and continue such Benefits for an additional one year periodEmployee.
Appears in 1 contract
Samples: Employment Agreement (Raintree Resorts International Inc)
Termination Upon Total Disability. Employer may terminate this Agreement because of Total Disability upon at least 120 30 days' notice to Employee; provided that (i) Employer will pay Employee his Base Salary for one year 120 days from such notice, and (ii) Employer shall pay all other Benefits and Reimbursable Expenses owed Employee and continue such Benefits for an additional one year periodEmployee.
Appears in 1 contract
Samples: Employment Agreement (Raintree Resorts International Inc)