Common use of Total Disability of Executive Clause in Contracts

Total Disability of Executive. If Executive becomes permanently and totally disabled (as defined in accordance with Section 22(e)(3) of the Code or its successor provision) during the term of this Agreement, Executive’s service hereunder shall automatically terminate and Executive shall be treated as having been terminated other than for Cause for purposes of Section 4 of this Agreement.

Appears in 5 contracts

Samples: Employment Agreement (diaDexus, Inc.), Employment Agreement (Vaxgen Inc), Employment Agreement (Vaxgen Inc)

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Total Disability of Executive. If Executive becomes Upon Executive's becoming permanently and totally disabled (as defined in accordance with Internal Revenue Code Section 22(e)(3) of the Code or its successor provision) during the term of this Agreement, Executive’s service employment hereunder shall automatically terminate, all payments of compensation by the Company to Executive hereunder shall immediately terminate (except as to amounts already earned) and Executive all vesting of the Executive's Stock Options and Restricted Stock shall be treated as having been terminated other than for Cause for purposes of Section 4 of this Agreementimmediately cease.

Appears in 3 contracts

Samples: Employment Agreement (Peoplesoft Inc), Employment Agreement (Diadexus Inc), Employment Agreement (Diadexus Inc)

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Total Disability of Executive. If Executive becomes permanently and totally disabled (as defined in accordance with Internal Revenue Code Section 22(e)(3) of the Code or its successor provision) during the term of this Agreement, Executive’s service employment hereunder shall automatically terminate and Executive shall be treated as having been terminated other than for Cause for purposes of Section 4 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Diadexus Inc)

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