Upon Disability. The Corporation may terminate the Employee's employment upon the Employee's total disability. The Employee shall be deemed to be totally disabled if he is unable to perform his duties under this Agreement by reason of mental or physical illness or accident. Upon termination by reason of the Employee's disability, the Corporation's sole and exclusive obligation will be to continue to pay the Employee his salary for a period of six (6) months after the date of termination, plus the amount of any unused vacation and sick leave benefits earned through the date of termination.
Appears in 2 contracts
Samples: Employment Agreement (Demegen Inc), Employment Agreement (Demegen Inc)
Upon Disability. The Corporation may terminate the Employee's employment upon the Employee's total disability. The Employee shall be deemed to be totally disabled if he he/she is unable to perform his duties under this Agreement by reason of mental or physical illness or accident. Upon termination by reason of the Employee's disability, the Corporation's sole and exclusive obligation will be to continue to pay the Employee his salary compensation for a period of six (6) months after the date of terminationdisability, plus the amount of any unused vacation and sick leave benefits earned through the date of terminationtermination disability.
Appears in 1 contract
Samples: Employment Agreement (Demegen Inc)
Upon Disability. The Corporation may terminate the Employee's employment upon the Employee's total disability. The Employee shall be deemed to be totally disabled if he is unable to perform his duties under this Agreement by reason of mental or physical illness or accident. Upon termination by reason of the Employee's disability, the Corporation's sole and exclusive obligation will be to continue to pay the Employee his salary for a period of six two (62) months after the date of termination, plus his Deferred Compensation Amount in accordance with Section 5.2, and the amount of any unused vacation and sick leave benefits earned through the date of termination.
Appears in 1 contract
Samples: Employment Agreement (Demegen Inc)